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$1,100,000
8 Beds ⋅ 6 Baths
Remodeled and renovated 5 plex in SE Salem, 6th unit (1 bed/1 bath) is almost finished, projected at $1300 rent. The other 5 units are all all leased. Very affordable taxes and upkeep. Parking is carport and driveway.

2005 Summer 2045 St Se, Salem

Listing Courtesy of STELLAR REALTY NORTHWEST. Cell: 541-905-1962

$619,000
6 Beds ⋅ 3 Baths
Two Homes + Shop on One Lot. Rare opportunity to own a newer 4-bedroom home plus a fully permitted 2-bedroom ADU. Ideal for multigenerational living, rental income, extended family, guests, or additional income. The 1,640 sq ft main home was built in 2019 and offers single-level living with 4 bedrooms and 2 bathrooms, quality finishes, double ovens, a gas furnace, heat pump, and durable flooring throughout. The 950 sq ft ADU offers 2 bedrooms and 1 bathroom. Originally built in 1946, it underwent an extensive permitted renovation in 2020, including new plumbing, electrical, insulation, roof, siding, structural improvements, and an expanded bathroom, laundry and utility area. It also has ductless heating and cooling. The two homes are separated by a divider fence for added privacy. Live in one and rent the other, keep family close while maintaining separate living spaces, or use the ADU for guests. A powered two-story 22' x 24' shop and adjacent 18' x 22' carport add substantial workspace and storage. The homes share water and sewer, with separate electric meters. Construction photos documenting the improvements are available. Seller financing available: $100,000 down, 6.3% interest, 30-year amortization. Terms negotiable and subject to seller approval

4085 Glenwood Dr Se, Salem

Listing Courtesy of EXP REALTY, LLC. Cell: 503-428-1741

$1,030,000
12 Beds ⋅ 6 Baths
Great investment! 6 unit cottage cluster, quiet neighborhood, well-maintained, alley parking, zonal heat, hardwood floors, updated kitchens, excellent history, Owner pays w/s, landscape. Tenant pays garbage and PGE. One unit is currently vacant for showing 656. Occupied units shown with accepted offer

648-658 Breys Ave Ne, Salem

Listing Courtesy of KELLER WILLIAMS CAPITAL CITY. Cell: 503-409-5861 Selling Office: THE AGENCY PORTLAND.

$595,000
8 Beds ⋅ 4 Baths
Great investment opportunity, whether you are growing your portfolio or just getting started. Numerous updates such as electric panels, water heaters. Roof 2016. Attractive gated vinyl privacy fencing for each patio area! Each unit pays their electric. All month-to-month, in good standing. Rents under market! No rent increases done since 2022. 2 of the units now available as of May! Onsite coin-op laundry. Located in quiet, well-kept area.

1213 Oakhill 1219 Ave Se, Salem

Listing Courtesy of BERKSHIRE HATHAWAY HOMESERVICES NORTHWEST REAL ESTATE. Direc: 503-803-7517 Selling Office: EXP REALTY, LLC.

$580,000
8 Beds ⋅ 4 Baths
Fantastic Income Opportunity! Don’t miss this well-maintained 4-plex featuring four 2-bedroom, 1-bath units, perfect for investors or owner-occupants! Three units are currently tenant-occupied, and the fourth is owner-occupied, offering immediate income potential. Each spacious unit includes a comfortable living room, dining area, and a well-equipped kitchen with all appliances and lots of cupboard space. Bedrooms are nicely sized, and the bathrooms feature a convenient tub/shower combo.

664 Thompson Ave Ne, Salem

Listing Courtesy of EXP REALTY, LLC. Cell: 503-389-0821 Selling Office: TU CASA CORPORATION.

$565,000
6 Beds ⋅ 4 Baths
Rare opportunity to own this 2,212 sq ft single-story duplex on a large corner lot on a quiet, non-throughway street. Both units feature 3 bedrooms, 2 full baths and double car garages. Unit 4981 has had recent updates including LVP flooring, quartz kitchen countertops, paint and is currently vacant available for owner occupied while subsidizing mortgage payments renting the other unit. Unit 4895 is occupied, do not disturb the tenants. Do not wait for this one will go fast.

4985 Fontana St Se, Salem

Listing Courtesy of SHELBY REAL ESTATE P.C.. Direc: 503-877-7902 Selling Office: REALTY OF AMERICA, LLC.

$915,000
6 Beds ⋅ 5 Baths
Custom home built by Comfort Homes LLC in the desirable Bella Cresta subdivision! Wonderful amenities include: high-end finishes, gourmet kitchen w/slab counters, SS appliances, custom cabinetry w/ many built-ins, extensive use of trim, 2 laundry areas, dry sauna & storage galore! Open floor plan w/ tall ceilings. Large luxurious Primary suite with 2 add'l rooms on main. Theatre room downstairs with kitchenette. Two private covered decks w/ a built in BBQ & sink. Perfect for entertaining & NW living!

5727 Verona St S, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Direc: 503-409-3738 Selling Office: HOMESTAR BROKERS.

$990,000
6 Beds ⋅ 6 Baths
Accepted Offer with Contingencies. Completed, Brand - new 4 - plex in a close in South Salem location. Walk or easy access to downtown, Bush Park, Best Little Roadhouse, & Public Transportation. Wonderful amenities including all appliances community garden area. This is an ideal acquisition for an investor looking for a potential strong cash flow & long-term appreciation. Saginaw property unit rented.  All 4 units are rented which gives a buyer a very good income stream. Both 2 bed/2 bath units are rented at $1800/month, and both1 bed/1 bath units are rented at $1400/month.  All on a year lease agreement.

1380 Saginaw St S, Salem

Listing Courtesy of CAPACITY COMMERICAL GROUP LLC. Cell: 503-559-9397

$635,000
8 Beds ⋅ 5 Baths
Easy to rent triplex! Two units have been updated, one has a tenant since 2006. New roof in 2024. Plenty of room to increase rent over time. Desirable area close to schools, Cordon Rd and more. Each unit has its own garage. Owner pays water and sewer, tenant pays all other utilities. Solid rental history and low expenses! Great investment property. Possible group sale with 2174-2180 Navaho and 1128-1172 Arabian

1148-1152 Arabian Ave Se, Salem

Listing Courtesy of JES REALTY GROUP LLC.

$625,000
6 Beds ⋅ 4 Baths
Motivated seller is offering 10,000 towards closing costs + rate buy down. Two well-maintained manufactured homes sit on a spacious 0.58-acre lot with room to expand. Ideal for extended family, rental income, or live in one home and rent the other. Each home offers an open layout, 2,096 sq ft, a 2-car garage, 5-year-old roof, stainless steel appliances, a large yard. Back on market, no fault of property or owner. See MLS #840901 for photos of the other side or 4445 Blueberry Ln

4455 Blueberry 4445 Ln Ne, Salem

Listing Courtesy of EXP REALTY, LLC. CELL: 541-993-1033

$625,000
6 Beds ⋅ 4 Baths
Motivated seller is offering 10,000 towards closing costs + rate buy down. Two well-maintained manufactured homes sit on a spacious 0.58-acre lot with room to expand. Ideal for extended family, rental income, or live in one home and rent the other. Each home offers an open layout, 2,096 sq ft, a 2-car garage, 5-year-old roof, stainless steel appliances, a large yard. Back on market, no fault of property or owner. See MLS #840902 for photos of the other side or 4455 Blueberry Ln.

4445 Blueberry 4455 Ln Ne, Salem

Listing Courtesy of EXP REALTY, LLC. CELL: 541-993-1033

$500,000
6 Beds ⋅ 3 Baths
COURT APPOINTED REPRESENTATIVE SALE. Love country living? Horses? Your RV? Working in the shop? Gardening? Privacy? Boats? Saving $$? Cash or  hard money buyers, investors, flippers all are welcome. Offers must be submitted via www.EquityVaultAuctions.com. a 4.5% buyer’s premium applies. Call your broker or visit Equity Vault Auctions for a showing. Bidding open until 5:00 PM on May 17, 2026. No cost to bid. Early bidder advantage incentive.

2300 Lincoln Rd Nw, Salem

Listing Courtesy of PRO FIDUCIARY REALTY. Cell: 503-689-0920 Selling Office: NON-MEMBER SALE.

$775,000
8 Beds ⋅ 4 Baths
Accepted Offer with Contingencies. Well maintained and renovated within the last 8 years! Clean, updated units that have been easy to rent! Quiet cut-de-sac in desirable South Salem location with easy I-5 access. Each unit has its own garage. Updates include newer cabinets, counters, flooring, bathroom fixtures windows and paint. Extra parking available for two of the units. Decks for upper units, patios for lower units. Solid rental history and low expenses! Possible group sale with 2174-2180 Navaho and 1128-1172 Arabian

2194-2200 Navaho Ct Se, Salem

Listing Courtesy of JES REALTY GROUP LLC.

$475,000
6 Beds ⋅ 4 Baths

1195 Shipping 1197 St Ne, Salem

Listing Courtesy of JOHN L. SCOTT-SALEM. Cell: 650-678-9031 Selling Office: EXP REALTY, LLC.

$539,000
6 Beds ⋅ 3 Baths
Rare chance at an exceptional dual living opportunity, ideal for House Hacking, Investment, or Multigenerational Living. This versatile property offers a rare combination of a classic, well maintained main home paired with a virtually brand new, detached second residence. Exceptional flexibility or income potential. The primary residence offers approximately 1,375 square feet of comfortable living space with 3 bedrooms and 2 bathrooms. Refer to #840358.

3392 Sunnyview Rd Ne, Salem

Listing Courtesy of BERKSHIRE HATHAWAY HOMESERVICES R E PROF. Cell: 503-983-4405 Selling Office: ROCHA REALTY LLC.

$569,000
7 Beds ⋅ 3 Baths
Beautiful triplex in desirable central location in Salem. Recent updates add value and comfort, including newer vinyl windows and a heating and AC system that is only two years old. The home also includes a solar system, helping keep electric costs impressively low.A versatile, well-maintained property ready for its next chapter. A standout feature is the patio, which opens through French doors to become a seamless extension of the kitchen-ideal for gatherings and everyday living.

2560 Cherry Ave Ne, Salem

Listing Courtesy of SUNDANCE REALTY LLC. Agent: 503-999-3013

$1,075,000
7 Beds ⋅ 6 Baths
A perfect blend of Elegance, Space and attention to detail. Expansive home with over 6,000 sq ft of thoughtfully designed space great for entertaining and daily living. This beautiful home features 8 bedrooms, 5.5 baths, amazing Theater room. Fm RM, Lv Rm, Bonus Rms, formal & informal dining. Storage spaces are plentiful throughout. Prime location in beautiful SE Salem. New Roof 2026. Sub Zero blt in Kit refrigerator, Dbl ovens, red oak wood floors, wood wrap wainscoting, crown molding, luxury carpet. Well thought-out plan with 2 Furnaces, 2 water heaters, Pantry storage and laundry shut. From the laundry room to the living room, you'll find room for everything. One bedroom is used as an office with blt-in shelves. Lovely plantation shutters. Sweet loft area makes an ideal reading nook. Outdoor sports court and private backyard. Additional storage area off garage. 3 car garage and RV Pad.

5425 Woodmill Dr Se, Salem

Listing Courtesy of COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.. Direc: 503-851-6300

$475,000
6 Beds ⋅ 3 Baths
NEW PRICE!!! Hard to find 6+ bedrooms & an office! Quartz countertops, tile showers and laminate flooring throughout. Flexible bonus rooms offer space for bedrooms, office or rec room, plus abundant storage. Low maintenance yard with room for all. Park less than 250 feet away with private gate access. Centrally located near I-5, shopping and restaurants. No thru traffic, tucked down a private street w/tons of parking for guests! You won't find space like this, schedule a tour today!

4939 Sergio Pl Ne, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Agent: 503-559-6376

$1,050,000
6 Beds ⋅ 5 Baths
Stunning 3,720 sq ft home on 1.74 fenced acres with 6 bedrooms, 4.5 baths, and 2 private guest suites—ideal for multi-gen living or mid-term rental potential. Features include hardwood floors, granite counters, spacious kitchen, and accessible design with ramp entry. Suites offer vaulted ceilings, decks, and spa-like baths. Barn, shop, RV hookups, cottage, gardens & more. 24-hour notice required; one suite not available to show. Leases end in June; suites identical. Secondary gated access adds convenience.

1150 Northwood Dr Ne, Salem

Listing Courtesy of BELLA CASA REAL ESTATE GROUP. CELL: 503-435-7059 Selling Office: COHO REALTY.

$775,000
7 Beds ⋅ 3 Baths
Spacious and versatile property located at 1923 Waymire St NW, Salem. This well-maintained home offers 8 bedrooms and 3 full bathrooms, including one ADA-accessible bathroom, providing a flexible layout suitable for a variety of residential uses.The interior features generous living areas, ample natural light, and a functional floor plan that supports both private and shared spaces. Currently a Care Home, license not transferable.

1923 Waymire St Nw, Salem

Listing Courtesy of PREMIERE PROPERTY GROUP, LLC ALBANY. CELL: 503-830-1074

$571,000
6 Beds ⋅ 2 Baths
Beautifully updated single-level home in the peaceful Hayesville neighborhood, located on a quiet cul-de-sac in Lancaster Estates. This 6-bedroom, 2-bath home offers 1,811 sq ft with an open floor plan, custom kitchen, LVP flooring, and a cozy family room with gas fireplace. The spacious primary suite features a remodeled bathroom and walk-in closet. Enjoy a covered patio, fenced backyard, and landscaped lot with outdoor sprinkler system and shed.

4661 Princess Ct Ne, Salem

Listing Courtesy of PREMIERE PROPERTY GROUP, LLC ALBANY. CELL: 503-830-1074 Selling Office: NON-MEMBER SALE.

$1,300,000
6 Beds ⋅ 4 Baths
Accepted Offer with Contingencies. A very rare opportunity! This property, known as the Canyon, has been in the Miller family for over a century! Previously used as a scenic area to ride horses, host gatherings (has a lrg covered pavilion) hiking & hunting! So scenic w/ majestic old growth trees, abundant wildlife, flowing creeks, pond, 2 small cabins, near the entrance, a 33 stall stable barn & 2 mobile homes. Many locations thruout the property to build your dream home! Apt: 2 bed, 1 ba. Single wide: 2 bed, 1 ba. Doub wide: 2 bed, 1 ba.

10425 Edmunson Dr Se, Salem

Listing Courtesy of COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.. Agent: 503-551-5320

$685,000
8 Beds ⋅ 4 Baths
Four plex located in Central Salem. Near schools, businesses, parks, Willamette University, restaurants and more. Add this property to your investment portfolio. Three of the four units are leased with the fourth being held vacant for showings. Turn key property with upgrades such as counters, flooring, appliances and paint. Onsite laundry, garage parking for each unit with guest parking. Upper units feature a private balcony and lower units feature fenced/private backyard space.

356 Shipping St Ne, Salem

Listing Courtesy of KELLER WILLIAMS REALTY PROFESSIONALS. 971-227-6871 Selling Office: CHEDDAR REALTY.

$22,250,000
201 Beds ⋅ 189 Baths
88 units - new construction. COMP DATA

4624 Lancaster Dr Ne, Salem

Listing Courtesy of SMI REAL ESTATE. 503-390-6060 Selling Office: SMI REAL ESTATE.

$1,520,000
6 Beds ⋅ 6 Baths
Stunning property w/completely updated home. 2 AMAZING shops w/RV garage. Located just outside city limits w/easy Hwy 22 access. Home includes stunning upgrades throughout, custom brickwork, built in bar area, theater room, office w/views. 32 kw back up diesel generator. Shops include sewer dump, 220 hook ups, 220 welding plugs, 10k lb car hoist, propane heated. Owned solar panels. Custom water feature, putting green w/turf and beautiful gated entrance. This is a one of a kind property, MOVE IN READY.

7471 Lofty Lp Se, Salem

Listing Courtesy of BERKSHIRE HATHAWAY HOMESERVICES R E PROF. AGENT: 503-881-5226 Selling Office: WINDERMERE PACIFIC WEST PROP.

$490,000
6 Beds ⋅ 4 Baths
This home has so much to offer and with a little love can be exceptional. Sitting at the end of a quiet cul de sac with large yard. Dual Living Potential. Large spacious rooms offer up to 6 bedrooms, bonus or flex rooms with versatility. There is a primary bedroom w/en suite on the main level as well as one downstairs. Open floor plan with vaulted ceiling, open kitchen, cedar lined sauna, fenced back yard & Air Conditioning. Large deck overlooking green space and convenient to Hallman Elementary School.

4075 32nd Pl, Salem

Listing Courtesy of PARAMOUNT REAL ESTATE SERVICES. Direc: 503-851-1645 Selling Office: PREMIERE PROPERTY GROUP, LLC.

$871,000
8 Beds ⋅ 4 Baths
Outstanding fourplex in South Salem! Large floorplans, fireplaces, garages, washer/dryer hook-ups and forced air heat. Metal roof, solid wood cabinets and quality construction. Property is professionally managed and fully rented, PLEASE do not contact tenants. Interior showing is subject to accepted offer.

2156 Se Nomad Ct, Salem

Listing Courtesy of NELSON COMMERCIAL REAL ESTATE LLC. Selling Office: SMI REAL ESTATE.

$663,000
6 Beds ⋅ 4 Baths
Wonderful, spacious home situated on a .32 acre lot. Updated kitchen with island, granite counters, gas range & stainless appliances. There is room for everyone with 5 bedrooms & a 20'x16' bonus/media room which could serve as a 6th bedroom. Oversized 2 car garage complete with shop space & storage attic. RV/boat parking on side of home. Tranquil back yard with covered patio, hot tub, and built-in fire gas fire pit. A fantastic home located at the end of a cul-de-sac street!

5518 Peachwood Ct Se, Salem

Listing Courtesy of THE AGENCY PORTLAND. 503-577-4848 Selling Office: TRADITION REAL ESTATE PARTNERS.

$575,000
7 Beds ⋅ 3 Baths
UNDER CONTRACT: OPEN FOR TOURS. Endless potential awaits in this 3,600 sq ft fixer-upper on 1.84 acres! With 7 bedrooms, 3 baths, and a stream along the back of the property, this home is ready for your vision. Yes, it needs repairs—but the size, layout, and natural setting offer a rare opportunity to create your dream estate or investment. Restore its charm and enjoy the space, peace, and possibilities this unique property provides. Sold as-is. DO NOT GO ON DECK, RAILING HAS FAILED. Likely cash only.

1774 82nd Ave Se, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Cell: 503-798-8737 Selling Office: MORE REALTY.

$725,000
10 Beds ⋅ 4 Baths
Rare Fourplex Investment Opportunity in Salem! This villa-style multifamily complex features two 2/1 units and two 3/1 units for a total of 10 beds across all 4 units. Complex is currently fully-rented at market rate with 7.71% CAP on actuals, and 8.61% pro-forma based on 10% increase in global rents. Separate 4-car garage offers covered parking/storage. Tucked in between Lancaster and I5 for easy commuting.

3660 State 3666 St, Salem

Listing Courtesy of JOHN L. SCOTT-SALEM. 541-514-1779 Selling Office: SMI REAL ESTATE.

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.