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Apartment Building with Garages
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3517 Silverstone Dr NE, Salem, OR 97305

Recently updated residences include covered patios and separate garage storage.

Property SizeContact for details
Days on Market143

Property Features for 3517 Silverstone Dr NE

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 7 x 2BR/1.5BA
Multifamily Units 7

Amenities

covered back patio
detached garages
Listing Agency: HFO Investment Real Estate
Listed By: Adam Smith · License #OR 201221968
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HFO Investment Real Estate

Investment Insights

Based on property information with market context.

This seven-unit apartment property offers a consistent two-bedroom, one-and-a-half-bath layout, with each residence measuring 1,024 square feet. Covered back patios extend the living areas, while detached garages provide dedicated storage and vehicle protection. Recent improvements include new flooring and light fixtures throughout the apartments.

The property is located in northeast Salem near retail centers and several schools. McKay High School and Chemeketa Community College are each within a minute’s drive, and the two institutions serve more than 8,300 students combined. The combination of established apartment layouts, outdoor space, garage access, and recent interior updates creates a straightforward multifamily configuration.

Key Highlights

  • Seven‑unit apartment complex in northeast Salem
  • Each apartment offers 2 bedrooms, 1.5 baths, and 1,024 square feet
  • Covered back patios included with each residence

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Nail Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

178
Businesses Nearby

Demographics for 97305, OR

44,535
Population
15,219
Households
2.9
Avg Household Size
33
Median Age
16%
College-Educated
77%
High-School Grad
47.2 sq mi
ZIP Area
944
Density / Sq Mi
$64,581
Median Household Income
$32,554
Median Earnings
$1,386
Median Rent
$339,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Recently updated residences include covered patios and separate garage storage.
Where is this apartment building located?
The property is located at 3517 Silverstone Dr NE Salem, OR.
What are key features of this property?
This property features: Seven‑unit apartment complex in northeast Salem; Each apartment offers 2 bedrooms, 1.5 baths, and 1,024 square feet; Covered back patios included with each residence
More about this property
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