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    Salem, OR
    Apartment Building

    Salem, OR Apartment Buildings for Sale

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    47-Unit Garden-Style Apartment Property
    Updated: Oct 10, 2025
    47-Unit Garden-Style Apartment Property

    4169 Campus Lp NE, Salem, OR 97305

    $10,000,000
    43,626 sqft 2.98 AC lot
    47‑unit apartment property
    2.98‑acre site with 43,626 square feet of building area
    Garden‑style multifamily design
    On‑site parking
    RM zoning
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    Remodeled 5-Plex with Sixth Unit
    Updated: Aug 11
    Remodeled 5-Plex with Sixth Unit

    2005 Summer St SE, Salem, OR 97302

    $1,100,000
    5,784 sqft
    Five existing units are leased
    Nearly completed sixth unit with 1 bed/1 bath
    5,784 SF apartment property
    Remodeled and renovated property
    Carport and driveway parking
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    Eight-Unit Mixed-Use Property
    Eight-Unit Mixed-Use Property

    1742 Center St, Salem, OR 97301

    $850,000
    5,099 sqft

    Downtown corner property combines retail suites with residential apartments, private courtyard, and shared laundry.

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    See hot listings in Salem

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Value-Add Studio Apartment Property
    Value-Add Studio Apartment Property

    1340-1348 & 1354 Lee St. SE, Salem, OR 97302

    Contact for pricing
    1,624 sqft

    Five-unit studio apartment building with value-add potential in Salem, Oregon.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1207-1217 D St NE, Salem, OR 97301

    Contact for pricing
    3,936 sqft

    Uniform one-bedroom residences with individual metering, outdoor space, and off-street parking.

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    Two-Story Garden-Style Apartment Community
    Two-Story Garden-Style Apartment Community

    4135 State St, Salem, OR 97301

    $3,300,000

    Hideaway Court is a 24-unit, two-story garden-style apartment community with on-site laundry and surface parking.

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    6-Unit Apartment Building with Upgrades
    6-Unit Apartment Building with Upgrades

    1355 4th St NE, Salem, OR 97301

    $600,000

    Renovated interiors, updated kitchens, on-site laundry, fenced grounds, and paved parking serve practical multifamily operations.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 7 Active listings in Salem, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Five-Unit Apartment Building
    Five-Unit Apartment Building

    Mount Angel, OR 97362

    $1,050,000
    4,680 sqft 0.43 AC lot

    Five three-bedroom units offer washer and dryer hookups plus individually fenced outdoor areas with storage.

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    12-Unit Townhome Apartment Community
    12-Unit Townhome Apartment Community

    4955-4959 Elizabeth St N, Keizer, OR 97303

    Contact for pricing
    16,500 sqft

    Two-story residences offer private entrances, attached garages, and washer and dryer hookups.

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    Apartment Building for Sale
    Apartment Building for Sale

    4853 Verda Lane NE, Keizer, OR 97303

    $31,500,000

    For-sale apartment building in Keizer, Oregon.

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    Six-Building Apartment Property
    Six-Building Apartment Property

    925 S Main St, Mount Angel, OR 97362

    Contact for pricing
    31,529 sqft

    The property includes renovated apartments, a vacant dormitory, and three metal storage buildings near the city core.

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    Off-Market Properties in Salem, OR

    Consider similar Off-Market properties in Salem, OR. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2205 Marine NW Dr
    APARTMENT HOUSE (5+ UNITS)

    2205 Marine NW Dr, Salem, OR 97304-3277

    Estimated value:
    $8,740,000
    84,438 sqft 4.89 AC lot
    View details
    1053 Ruge NW St
    APARTMENT HOUSE (5+ UNITS)

    1053 Ruge NW St, Salem, OR 97304-3968

    Estimated value:
    $470,000
    4,103 sqft 0.23 AC lot
    View details
    890 Cascade NW Dr
    APARTMENT HOUSE (5+ UNITS)

    890 Cascade NW Dr, Salem, OR 97304-3764

    Estimated value:
    $280,000
    3,912 sqft 0.60 AC lot
    View details
    181 Mcnary NW Ave
    APARTMENT HOUSE (5+ UNITS)

    181 Mcnary NW Ave, Salem, OR 97304-4037

    Estimated value:
    $280,000
    5,078 sqft 0.40 AC lot
    View details
    1304 Wallace NW Rd, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    1304 Wallace NW Rd, Salem, OR 97304-3075

    Unit 1
    Estimated value:
    $17,215,000
    39,540 sqft 1.83 AC lot
    View details
    1228 Dorval NW Ave
    APARTMENT HOUSE (5+ UNITS)

    1228 Dorval NW Ave, Salem, OR 97304-3024

    Estimated value:
    $555,000
    7,540 sqft 0.39 AC lot
    View details
    1142 6th NW St
    APARTMENT HOUSE (5+ UNITS)

    1142 6th NW St, Salem, OR 97304-3964

    Estimated value:
    $330,000
    3,396 sqft 0.14 AC lot
    View details
    1132 6th NW St
    APARTMENT HOUSE (5+ UNITS)

    1132 6th NW St, Salem, OR 97304-3964

    Estimated value:
    $330,000
    3,396 sqft 0.14 AC lot
    View details
    120 Hrubetz SE Rd
    APARTMENT HOUSE (5+ UNITS)

    120 Hrubetz SE Rd, Salem, OR 97302-5024

    Estimated value:
    $1,680,000
    25,344 sqft 0.67 AC lot
    View details
    1065 Liberty SE St
    APARTMENT HOUSE (5+ UNITS)

    1065 Liberty SE St, Salem, OR 97302-4140

    Estimated value:
    $3,040,000
    3,600 sqft 0.28 AC lot
    View details
    1015 Liberty SE St
    APARTMENT HOUSE (5+ UNITS)

    1015 Liberty SE St, Salem, OR 97302-4140

    Estimated value:
    $3,040,000
    3,600 sqft 0.28 AC lot
    View details
    1225 8th NW St
    APARTMENT HOUSE (5+ UNITS)

    1225 8th NW St, Salem, OR 97304-3708

    Estimated value:
    $1,125,000
    7,244 sqft 0.29 AC lot
    View details
    424 Ctr NE St
    APARTMENT HOUSE (5+ UNITS)

    424 Ctr NE St, Salem, OR 97301-3624

    Estimated value:
    $1,390,000
    59,174 sqft 0.69 AC lot
    View details
    1290 Chemeketa NE St
    APARTMENT HOUSE (5+ UNITS)

    1290 Chemeketa NE St, Salem, OR 97301

    Estimated value:
    $235,000
    31,033 sqft 0.31 AC lot
    View details
    348 12th NE St
    APARTMENT HOUSE (5+ UNITS)

    348 12th NE St, Salem, OR 97301

    Estimated value:
    $3,505,000
    31,033 sqft 0.15 AC lot
    View details
    653 Fir Gdns NW St
    APARTMENT HOUSE (5+ UNITS)

    653 Fir Gdns NW St, Salem, OR 97304-4324

    Estimated value:
    $550,000
    3,104 sqft 0.49 AC lot
    View details
    220 Cottage NE St
    APARTMENT HOUSE (5+ UNITS)

    220 Cottage NE St, Salem, OR 97301-1429

    Estimated value:
    $890,000
    17,338 sqft 0.33 AC lot
    View details

    Salem, OR Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Salem, OR, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 60,069 square feet of properties for sale, with an estimated market value of $15,850,000.

    Sale prices for two-family homes in Salem, OR start at $600,000, averaging $3,170,000, and reaching up to $10,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 279K
    Population Growth (5Y) +5.0%
    Median Household Income $76,436
    College Educated 19.3%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    97302 $1.1M
    97301 $1.6M
    97305 $10M

    Taxes & Financing

    Tax Rate (average for all types) 1.85%
    Property Tax per SF $20.84 per SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Marion County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Marion County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Salem fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Salem, OR

    • 97301
    • 97302
    • 97305

    Featured Salem Real Estate Agencies

    Realmo connects you with licensed Salem CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Prudential Real Estate Professionals
    1220 20th Street SE Salem, OR 97302
    Phone: 15033713013
    www.PrudentialHomeFinder.com
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