Independence, OR Residential Income Properties for Sale

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Salem, OR Monmouth, OR Rickreall, OR Dallas, OR Jefferson, OR Turner, OR Keizer, OR Falls City, OR

Updated: Mar 31

Four-Plex with In-Unit Laundry Hookups

224 C St, Independence, OR 97351

$799,900

4,320 sqft 0.23 AC lot

0.23‑acre lot with 4,320 SF four‑plex built in 1995
Each unit has three bedrooms, one bath, and laundry hookups
Zoning: Independence‑PS
Electric (zoned) heating
Vinyl and carpet flooring

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This listing looks promising.

Here's a quick look at some key insights for

224 C St, Independence, OR 97351

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Est. Cap Rate

6.5%
Above avg (5.9%)
Est. NOI

$52K
Annual
Mortgage

$143K
Mar 2017
Property Type

Quadplex
Built 1995

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Updated: Apr 1

Four-Plex With Laundry Hookups

224 C St, Independence, OR 97351

$799,900

4,320 sqft 0.23 AC lot

0.23‑acre lot
4‑unit quadplex; each unit has 3 bedrooms and 1 bathroom
Laundry hookups in each unit
4,320 SF building; year built 1995
Composition roof and zoned heating

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Fourplex with Washer/Dryer Hookups

80-86 Boatlanding St, Independence, OR 97351

$814,900

3,384 sqft 0.20 AC lot

Well-maintained fourplex on a 0.2-acre lot with washer/dryer hookups and four 2-bedroom, 1-bath units.

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Historic Mixed-Use Retail Building

144 S Main St, Independence, OR 97351

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5,150 sqft

Restored storefront building offers versatile ground-floor space with a 2-bedroom apartment above and an oversized 2-car garage.

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

Based on your search, we've compiled 40 Potential Opportunities for your consideration. Besides 4 Active listings in Independence, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 28 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

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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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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Multifamily Income Property

271 Clay St E, Monmouth, OR 97361

Contact for pricing

4,416 sqft

Multifamily residence with efficient floor plans, recent unit updates, and a new membrane roof.

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Residential Income Property

371 Ecols St N #A, Monmouth, OR 97361

$1,575,000

For sale residential income multifamily property at 371 Ecols St N #A in Monmouth, Oregon.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Independence, OR Land Opportunity

Jefferson St, Independence, OR 97351

$4,500,000

30.00 AC lot

30 acre MX zoned land in Independence, Oregon.

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South Salem 5-Acre Land Parcel

1 Ballyntyne Rd, Salem, OR 97302

$495,000

5.00 AC lot

Flat, usable land in South Salem with building possibilities.

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Residential Land in Salem, Oregon

NW Doaks Ferry Rd, Salem, OR 97304

$175,000

0.24 AC lot

0.24 acre lot, close to city services.

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81 Acres of Forest Land

Oakdale Rd, Dallas, OR 97338

$810,000

81.00 AC lot

81-acre forest land with timber and residential potential.

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Off-Market Properties in Independence, OR

Consider similar Off-Market properties in Independence, 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.

APARTMENT HOUSE (5+ UNITS)

811 Main St, Independence, OR 97351-2500

Unit 10

$2,395,000

Estimated value

30,156 sqft 1.69 AC lot

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APARTMENT HOUSE (5+ UNITS)

150 H St, Independence, OR 97351-2303

Value Estimation by Request

9,915 sqft 0.90 AC lot

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APARTMENT HOUSE (5+ UNITS)

800 4th St, Independence, OR 97351-1822

Unit 10

$1,525,000

Estimated value

10,466 sqft 0.48 AC lot

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APARTMENT HOUSE (5+ UNITS)

1630 Monmouth St, Independence, OR 97351-1010

Unit 13

$1,205,000

Estimated value

13,298 sqft 0.51 AC lot

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APARTMENT HOUSE (5+ UNITS)

320 Evergreen Dr, Independence, OR 97351-1646

Value Estimation by Request

12,039 sqft 0.73 AC lot

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APARTMENT HOUSE (5+ UNITS)

1150 Picture St, Independence, OR 97351-9644

$530,000

Estimated value

5,055 sqft 0.55 AC lot

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APARTMENT HOUSE (5+ UNITS)

110 I St, Independence, OR 97351-2308

$1,315,000

Estimated value

5,520 sqft 0.45 AC lot

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APARTMENT HOUSE (5+ UNITS)

140 I St, Independence, OR 97351-2308

$1,635,000

Estimated value

5,520 sqft 0.55 AC lot

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APARTMENT HOUSE (5+ UNITS)

309 Ash St, Independence, OR 97351-2100

$1,830,000

Estimated value

11,616 sqft 1.10 AC lot

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APARTMENT HOUSE (5+ UNITS)

1365 F St, Independence, OR 97351-1321

$4,015,000

Estimated value

40,594 sqft 2.69 AC lot

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APARTMENT HOUSE (5+ UNITS)

430 13th St, Independence, OR 97351-1101

$715,000

Estimated value

8,008 sqft 0.55 AC lot

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APARTMENT HOUSE (5+ UNITS)

280 Evergreen Dr, Independence, OR 97351-1645

$1,125,000

Estimated value

12,039 sqft 0.73 AC lot

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APARTMENT HOUSE (5+ UNITS)

116 16th St, Independence, OR 97351-1001

Value Estimation by Request

4,608 sqft 0.72 AC lot

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APARTMENT HOUSE (5+ UNITS)

1379 Ee St, Independence, OR 97351-1017

$4,085,000

Estimated value

39,422 sqft 1.98 AC lot

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APARTMENT HOUSE (100+ UNITS)

650 White Oak Cir, Independence, OR 97351-8611

Unit 101

$18,365,000

Estimated value

201,840 sqft 15.43 AC lot

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APARTMENT HOUSE (5+ UNITS)

4311 Independence Hwy, Independence, OR 97351-9800

$2,980,000

Estimated value

31,012 sqft 2.65 AC lot

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APARTMENT HOUSE (5+ UNITS)

30 Gun Clb Rd, Independence, OR 97351-4601

Unit 10

$3,885,000

Estimated value

42,587 sqft 3.64 AC lot

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APARTMENT HOUSE (5+ UNITS)

205 Williams St, Independence, OR 97351-2144

Value Estimation by Request

2,592 sqft 0.15 AC lot

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APARTMENT HOUSE (5+ UNITS)

625 Log Cabin St, Independence, OR 97351-2119

Value Estimation by Request

4,374 sqft 0.46 AC lot

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APARTMENT HOUSE (5+ UNITS)

151 H St, Independence, OR 97351-2313

Value Estimation by Request

4,713 sqft 0.55 AC lot

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Independence, OR Residential Income Properties Market Trends and Statistics

Explore 32 residential income properties for sale in Independence, OR, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 17,174 square feet of properties for sale, with an estimated market value of $2,414,700.

Sale prices for residential income properties in Independence, OR start at $799,900, averaging $804,900, and reaching up to $814,900 — 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

Demographics Overview

Population 11K

Population Growth (5Y) +7.6%

Median Household Income $84,717

College Educated 31.4%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
97351	$813.3K

Taxes & Financing

Tax Rate (average for all types) 1.88%

Property Tax per SF $17.75 per SF

Tax Rate vs County Average 0.22 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Polk County

New Delisted

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Independence, OR Residential Income Properties for Sale

224 C St, Independence, OR 97351

224 C St, Independence, OR 97351

80-86 Boatlanding St, Independence, OR 97351

144 S Main St, Independence, OR 97351

Opportunities in Nearby Cities

2195 Audubon Avenue Southeast, Salem, OR 97302

133-143 Friendship Ave SE, Salem, OR 97302

271 Clay St E, Monmouth, OR 97361

371 Ecols St N #A, Monmouth, OR 97361

Potential Development Sites for Consideration

Jefferson St, Independence, OR 97351

1 Ballyntyne Rd, Salem, OR 97302

NW Doaks Ferry Rd, Salem, OR 97304

Oakdale Rd, Dallas, OR 97338

Off-Market Properties in Independence, OR

811 Main St, Independence, OR 97351-2500

150 H St, Independence, OR 97351-2303

800 4th St, Independence, OR 97351-1822

1630 Monmouth St, Independence, OR 97351-1010

320 Evergreen Dr, Independence, OR 97351-1646

1150 Picture St, Independence, OR 97351-9644

110 I St, Independence, OR 97351-2308

140 I St, Independence, OR 97351-2308

309 Ash St, Independence, OR 97351-2100

1365 F St, Independence, OR 97351-1321

430 13th St, Independence, OR 97351-1101

280 Evergreen Dr, Independence, OR 97351-1645

116 16th St, Independence, OR 97351-1001

1379 Ee St, Independence, OR 97351-1017

650 White Oak Cir, Independence, OR 97351-8611

4311 Independence Hwy, Independence, OR 97351-9800

30 Gun Clb Rd, Independence, OR 97351-4601

205 Williams St, Independence, OR 97351-2144

625 Log Cabin St, Independence, OR 97351-2119

151 H St, Independence, OR 97351-2313

Independence, OR Residential Income Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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