Listing Agency: SMI Real Estate e***@smire.com Show Phone

Listed By: Eric Swanson · License #201221479

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 5:35PM

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Investment Insights

Based on property information with market context.

This multifamily residential income property consists of large 3-bedroom, 1.5-bath units. Each unit includes an attached single-car garage, providing covered off-street parking as part of the home layout.

The property is located in a quiet cul-de-sac in SE Salem. The current gross rents are stated at $2,025, and any purchase offer is contingent upon an interior property inspection.

Offered for sale as a multifamily asset, the configuration is well-suited for tenants seeking three-bedroom living space with attached garages.

Key Highlights

• Duplex‑style residential income property with large 3‑bedroom units and 1.5 bathrooms
• Each unit includes an attached single‑car garage
• Current gross rents are $2,025

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Hair Salon HVAC Service Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

124

Businesses Nearby

Explore this area Business Placement

Demographics for 97317, OR

25,852

Population

9,024

Households

2.9

Avg Household Size

38

Median Age

22%

College-Educated

86%

High-School Grad

55.2 sq mi

ZIP Area

468

Density / Sq Mi

$81,208

Median Household Income

$39,794

Median Earnings

$1,370

Median Rent

$382,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Multifamily property - Duplex-style residential income property with large 3-bedroom units featuring attached single-car garages.

Where is this multifamily property located?

The property is located at 4911-4921 Elkhorn Ct SE Salem, OR.

What are key features of this property?

This property features: Duplex‑style residential income property with large 3‑bedroom units and 1.5 bathrooms; Each unit includes an attached single‑car garage; Current gross rents are $2,025