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    Salem, OR
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    Salem, OR Multifamily Properties for Sale

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    Keizer, OR Turner, OR Brooks, OR Aumsville, OR Jefferson, OR Gervais, OR Independence, OR Rickreall, OR
    52 properties
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    Triplex With Two Cottages
    Updated: Aug 3
    Triplex With Two Cottages

    589 Knapp Pl NE, Salem, OR 97301

    $495,950
    3,065 sqft 0.11 AC lot
    Three‑residence configuration with one larger home and two cottages
    Main home includes 3 bedrooms, 1.5 bathrooms, 2 fireplaces, and a basement
    Two identical cottages measure 528 SF each and include 1 bedroom, living area, kitchen, and bath
    Combined property size of 3065 square feet on 0.11 acres
    Ductless mini‑split heat pumps provide heating and cooling in all units
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    This listing looks promising.

    Here's a quick look at some key insights for

    589 Knapp Pl NE, Salem, OR 97301

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    • Est. Cap Rate

      7.4%
      Above avg (5.9%)

    • Est. NOI

      $37K
      Annual

    • Price @ 7% Cap

      $526K
      Above asking

    • Property Type

      Single Family Residence
      Built 1936
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    Duplex with Patio and Zoned Electric Heat
    Updated: Jul 13
    Duplex with Patio and Zoned Electric Heat

    1014-1016 Arthur Wy NW, Salem, OR 97304

    $689,000
    2,400 sqft 0.24 AC lot
    0.24‑acre lot with a 2,400 SF duplex configuration
    Quartz countertops and LVP flooring in both units
    Recent interior paint and appliances included
    Zoned electric heating plus composition roof
    Patio included
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    Duplex with Attached Garages
    Duplex with Attached Garages

    1027-1029 Arthur Wy NW, Salem, OR 97304

    $799,000
    3,440 sqft 0.20 AC lot

    Well-maintained duplex in RS zoning featuring attached garages, quartz counters, and in-unit washer/dryer areas.

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    Turnkey Two-Bedroom Duplex
    Turnkey Two-Bedroom Duplex

    1941 Turnage St NW, Salem, OR 97304

    $529,000
    2,170 sqft 0.24 AC lot

    Turnkey duplex on a 0.24-acre lot with two 2-bedroom, 1-bath units and electric heat in Salem’s RS zoning.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Renovated Duplex With ADU
    Renovated Duplex With ADU

    494 17th St, Salem, OR 97301

    $540,000
    2,167 sqft

    Two fully rented residences combine updated interiors with separate living spaces and a detached accessory dwelling unit.

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    Duplex with Gas-Log Fireplace Piping
    Duplex with Gas-Log Fireplace Piping

    3624 Hermosa Ct NE, Salem, OR 97305

    $545,000
    2,336 sqft 0.24 AC lot

    Well-maintained duplex on a cul-de-sac with fireplace piping for gas logs and updated interiors across both units.

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    Updated Duplex With Garages
    Updated Duplex With Garages

    3624 HERMOSA Ct NE, Salem, OR 97305

    $545,000
    2,336 sqft 0.24 AC lot

    Two-unit property on a low-traffic cul-de-sac with fireplaces, storage areas, and substantial improvements to both residences.

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    Apartment Building with On-Site Laundry
    Apartment Building with On-Site Laundry

    1341 Saginaw St S, Salem, OR 97317

    $799,900
    5,278 sqft 0.26 AC lot

    Two-bedroom units include on-site laundry, off-street parking, electric heat with separate meters, and a deck.

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    Newer Multifamily Building in Salem
    Newer Multifamily Building in Salem

    2195 Audubon Avenue Southeast, Salem, OR 97302

    Contact for pricing
    5,985 sqft 0.18 AC lot

    Six-unit multifamily property in master-planned sustainable community.

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    2-Unit Duplex with New Roof
    2-Unit Duplex with New Roof

    1825-1835 Turnage St NW, Salem, OR 97304

    $589,900
    2,268 sqft 0.20 AC lot

    Owner-occupied property offers two residential units with attached garages, fenced outdoor areas, and flexible living spaces.

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    Townhouse-Style Quadplex
    Townhouse-Style Quadplex

    1725-1731 Salishan St SE, Salem, OR 97302

    $814,900
    4,336 sqft 0.29 AC lot

    Four attached residential units feature private outdoor space, garage parking, and in-unit laundry hookups.

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    Six-Unit Apartment Community with Private Backyards
    Six-Unit Apartment Community with Private Backyards

    133-143 Friendship Ave SE, Salem, OR 97302

    Contact for pricing
    4,896 sqft

    Well-maintained 6-unit building with single-level 2-bedroom apartments, private backyards, and washer/dryer hookups.

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    Creekside Triplex with Cottages
    Creekside Triplex with Cottages

    589 KNAPP Pl, Salem, OR 97301

    $495,950
    3,065 sqft 0.11 AC lot

    Three residences include a larger home and two matching cottages.

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    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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    Duplex Along Mill Creek
    Duplex Along Mill Creek

    802 NE COTTAGE St, Salem, OR 97301

    $375,900
    1,230 sqft 0.37 AC lot

    Two cottage-style residences offer separate living spaces with basement storage and a creek setting.

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    Three-Duplex Residential Portfolio
    Three-Duplex Residential Portfolio

    4212 47TH Ave NE, Salem, OR 97305

    $1,500,000
    6,900 sqft 0.17 AC lot

    Three fully occupied duplexes in Salem, OR with zoned heating and composition roofs on quiet residential streets.

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    New Multifamily Infill Development
    New Multifamily Infill Development

    1380 Saginaw St S, Salem, OR 97302

    Contact for pricing
    2,884 sqft

    New multifamily property in desirable location near central business district.

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    Duplex with Attached 1-Car Garages
    Duplex with Attached 1-Car Garages

    3441 Livingston St NE, Salem, OR 97301

    $450,000
    2,000 sqft 0.20 AC lot

    Salem duplex on 0.2-acre lot with two 2-bed, 1-bath units and attached 1-car garages.

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    Well-Kept Duplex in SE Salem
    Well-Kept Duplex in SE Salem

    4541-4551 Chippewa Ct SE, Salem, OR 97317

    Contact for pricing
    2,130 sqft

    Duplex in SE Salem ideal for owner-occupants or investors.

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    Duplex With Attached Garages
    Duplex With Attached Garages

    3441 LIVINGSTON St, Salem, OR 97301

    $450,000
    2,000 sqft 0.20 AC lot

    Two-bedroom units offer private backyards, baseboard heating, and separate attached garage access.

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    Four-Unit Multifamily Redevelopment Site
    Four-Unit Multifamily Redevelopment Site

    310 McNary Ave NW, Salem, OR 97304

    Contact for pricing
    2,189 sqft 0.51 AC lot

    Existing four-unit multifamily property plus adjacent paved parking on two tax lots across a corner site.

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    Townhouse-Style Triplex
    Townhouse-Style Triplex

    905 CHARTER Pl, Salem, OR 97301

    $745,000
    0.22 AC lot

    Each residence includes multiple bedrooms, private garages, and forced-air heating.

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    6-Unit Multifamily Building
    6-Unit Multifamily Building

    1207 D ST, Salem, OR 97301

    $789,900

    Updated flooring, appliances, and paint enhance several recently refreshed units.

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    Duplex with Two 1BR Units
    Duplex with Two 1BR Units

    3027 NE D St, Salem, OR 97301

    $354,750
    1,558 sqft 0.09 AC lot

    Duplex in RM2 zoning with two 1 bed 1 bath units, shared carport, and shared laundry area.

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    Salem, OR Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Salem, OR, showcased through 52 active listings on our real estate platform. These investment opportunities span a total of 140,186 square feet of properties for sale, with an estimated market value of $37,763,250.

    Sale prices for multifamily properties in Salem, OR start at $64,800, averaging $1,020,628, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 29
    Apartment buildings 11
    Triplexes 6
    Mobile home & RV parks 5
    Quadplexes 5

    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
    97303 $814.9K
    97301 $845.1K
    97317 $850K
    97304 $905.8K
    97302 $1.5M

    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

    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
    • 97304
    • 97305
    • 97317

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