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    Salem, OR
    Residential Income

    Salem, OR Residential Income Properties for Sale

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    Keizer, OR Turner, OR Brooks, OR Aumsville, OR Jefferson, OR Gervais, OR Independence, OR Silverton, OR
    58 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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    New Construction Quadplex
    Updated: Aug 21
    New Construction Quadplex

    1145 Lupin Ln NW, Salem, OR 97304

    $1,450,000
    5,522 sqft 0.20 AC lot
    New construction quadplex under construction with completion scheduled for mid‑fall 2026
    5,522 square feet on a 0.2‑acre lot
    RS zoning at 1145 Lupin Ln NW, Salem, OR 97304
    Attached single‑car garages and patios
    Fully fenced and landscaped grounds
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    Duplex with Patio and Zoned Electric Heat
    Duplex with Patio and Zoned Electric Heat

    1014-1016 Arthur Wy NW, Salem, OR 97304

    $689,000
    2,400 sqft 0.24 AC lot

    Well-maintained duplex with quartz countertops, LVP flooring, recent interior paint, patio, and zoned electric heating.

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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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    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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    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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    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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    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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    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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    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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    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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    Triplex with Private Backyards
    Triplex with Private Backyards

    1848 Lansing Av NE, Salem, OR 97301

    $549,900
    2,250 sqft 0.18 AC lot

    Three two-bedroom units provide individual outdoor space within an RM2-zoned property.

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    Four-Unit Townhouse Property
    Four-Unit Townhouse Property

    1725-1731 Salishan St SE, Salem, OR 97302

    $814,900
    4,336 sqft 0.29 AC lot

    Each residence combines two bedrooms, one-and-a-half baths, laundry hookups, a deck, and an attached garage.

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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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    Updated Triplex with Private Yards
    Updated Triplex with Private Yards

    1848 Lansing Ave NE, Salem, OR 97301

    $549,900
    2,250 sqft 0.18 AC lot

    Three one-story units each provide two bedrooms, one bathroom, and a private backyard.

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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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    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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    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 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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    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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    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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    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 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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    Salem, OR Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Salem, OR, showcased through 58 active listings on our real estate platform. These investment opportunities span a total of 150,208 square feet of properties for sale, with an estimated market value of $49,484,000.

    Sale prices for residential income properties in Salem, OR start at $64,800, averaging $1,150,790, 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

    Multifamily properties 59
    Duplexes 29
    Apartment buildings 11
    Triplexes 6
    Mobile home & RV parks 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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