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Planned Multifamily Development
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5721 Liberty Rd S, Salem, OR 97306

Residential development with duplex housing, shared open space, separate metering, and an existing home with commercial-use potential.

Property SizeContact for details
Days on Market145

Property Features for 5721 Liberty Rd S

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 45

Amenities

rain gardens
common area green space

Building Details

Buildings 23
Listing Agency: Realty One Group Wv
Listed By: Kelly Martin · License #OR 200603182
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 8:54PM

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 Realty One Group Wv

Investment Insights

Based on property information with market context.

This planned multifamily property includes 22 duplexes along with an original four-bedroom, 2.5-bath home. Approximately 1800± sf of the home may be designated for commercial use, creating a mixed residential and commercial component within the development. Each unit is separately metered, and the property includes parking, common green space, and three rain gardens.

Located at 5721 Liberty Rd S in Salem, Oregon, the project has CC&Rs in place, while final plat approval remains in process. The existing home and planned duplex configuration provide a defined residential framework with additional commercial-use flexibility in the original structure.

Key Highlights

  • 22 duplexes planned within the development
  • Original home includes 4 beds, 2.5 baths, and 1800± sf of living space
  • Approximately 1800± sf of the original home may be designated for commercial use

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Building Supply Dental Office

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

45
Residential units

Location Intelligence

Trade Area within ½ mile

81
Businesses Nearby

Demographics for 97306, OR

34,715
Population
14,151
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
32.4 sq mi
ZIP Area
1,071
Density / Sq Mi
$89,773
Median Household Income
$50,931
Median Earnings
$1,455
Median Rent
$438,900
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?
Multifamily property - Residential development with duplex housing, shared open space, separate metering, and an existing home with commercial-use potential.
Where is this multifamily property located?
The property is located at 5721 Liberty Rd S Salem, OR.
What are key features of this property?
This property features: 22 duplexes planned within the development; Original home includes 4 beds, 2.5 baths, and 1800± sf of living space; Approximately 1800± sf of the original home may be designated for commercial use
(503) 371-3013 Call to check price and availability
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