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Townhouse-Style Triplex
New
For Sale
$745,000

905 CHARTER PL, Salem, OR 97301

All three residences are occupied, with tenant-paid utilities and professional management already established.

Property SizeContact for details
Days on Market4

Property Features for 905 CHARTER PL

General Information

Standard status Active
Total Parking Spaces 3
Property subtype MULTI_FAMILY
Occupancy 100%

Units

Unit Mix 3 x 3BR/2.5BA
Multifamily Units 3

Additional Details

Gross Income $63,300
Highway Access Yes

Taxes and HOA fees

Annual Taxes $6,954

Building Details

Year Built 2001
Construction townhouse-style
Tenancy Multi
Listing Agency: eXp Realty, LLC
Listed By: Daniel Ramirez · License #201245241
Source: Harcourtselite
Added: Aug 19 Changed: Aug 22 Last Checked: Aug 22 at 5:57AM

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 eXp Realty, LLC

Investment Insights

Based on property information with market context.

This three-unit residential income property at 905, 911, and 915 Charter Pl NE in Salem was built in 2001 and is configured in a townhouse-style layout. Each residence includes 3 bedrooms, 2.5 bathrooms, approximately 1,248 square feet, and an attached single-car garage. A new roof is identified for 2026.

All units are currently occupied, with tenants responsible for utilities. Professional property management is already in place, providing an established operating structure for the asset. The property is positioned near shopping, area amenities, and freeway access.

Key Highlights

  • Three townhouse‑style units at 905, 911 & 915 Charter Pl NE
  • Each unit offers 3 bedrooms, 2.5 bathrooms, and approximately 1,248 sq ft
  • Attached single‑car garage included with each residence

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Daycare Center Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Electrical Service

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

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,416
Businesses Nearby

Demographics for 97301, OR

56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
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?
Triplex - All three residences are occupied, with tenant-paid utilities and professional management already established.
Where is this triplex located?
The property is located at 905 CHARTER PL Salem, OR.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Three townhouse‑style units at 905, 911 & 915 Charter Pl NE; Each unit offers 3 bedrooms, 2.5 bathrooms, and approximately 1,248 sq ft; Attached single‑car garage included with each residence
More about this property
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