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$850,000
6 Beds ⋅ 7 Baths
Don't miss out! 8 Unit mixed use investment opportunity, sitting on a highly trafficked corner near downtown Salem! Property contains (2) retail spaces with solid rental history and (6) well kept & secluded 1 bed/1 bath apartments. Primary retail tenant has been in place for 23 years. Property sits on the busline and is walkable to various downtown amenities. Tenants enjoy a private courtyard, alley access w/ (1) parking space per unit & a shared laundry room. Plenty of rent upside to improve cash flow! *Unit #1736 rent increases to $875 on 9.1.26. *Unit #1746 rent increases to $875 on 10.1.26. See associated docs.

1742 Center St Ne, Salem

Listing Courtesy of SMI REAL ESTATE. 541-646-0650

$1,450,000
12 Beds ⋅ 12 Baths
Brand-new 4-plex in desirable West Salem! Each 3bd, 2.5ba unit features all LVP flooring, quartz countertops, an attached single-car garage, A/C, and a fully fenced and landscaped yard (artificial turf). All appliances are included, including refrigerator, washer & dryer. Conveniently located near parks, schools, and everyday amenities. Completion anticipated mid-Fall 2026. Members of the selling entity are licensed Realtors® in Oregon

1145 Lupin Ln Nw, Salem

Listing Courtesy of HOMESMART REALTY GROUP. 503-559-9901

$745,000
9 Beds ⋅ 8 Baths
NEW ROOF 2026! Great investment opportunity with this centrally located townhouse-style triplex at 905, 911 & 915 Charter Pl NE in Salem. Built in 2001, each unit offers 3 bedrooms, 2.5 bathrooms, approximately 1,248 sq ft, and an attached single-car garage. All three units are currently occupied, generating $5,275/month in gross rent, with tenants paying utilities and professional management already in place. Current rents also offer potential future upside, making this a great opportunity for a long-term investor. Conveniently located near shopping, amenities, and freeway access.

905 Charter 915 Pl Ne, Salem

Listing Courtesy of EXP REALTY, LLC. 503-508-0181

$789,900
6 Beds ⋅ 6 Baths
Turnkey 6-unit multifamily in Salem's Northeast Neighbors district — 100% occupied, fully documented financials. Several units recently refreshed (new flooring, appliances, paint); in-place rents below market with upside as leases turn. 2025 saw heavy one-time capital investment; 2026 shows strong recovery already underway. Directly across from Parrish Middle School and North Salem High School, within a mile of the Oregon State Capitol, Willamette University, Salem Hospital, and Oregon State Hospital — majo

1207 D St Ne, Salem

Listing Courtesy of EPIQUE REALTY. Cell: 503-476-1020

$799,900
8 Beds ⋅ 6 Baths
Multiunit investment opportunity! This townhouse-style fourplex is tucked along a tree-lined street in South Salem near Pringle Creek. Spacious, well-maintained units each offer 2 bedrooms, 1.5 bathrooms, washer/dryer hookups, a private deck, and an attached single-car garage. Low-maintenance landscaping, ample parking, a strong rental history, and low vacancy make this an outstanding investment. New roof in 2020. Two units are below market rent, offering excellent upside potential.

1725-1731 Salishan St Se, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Agent: 503-551-8510

$1,299,000
7 Beds ⋅ 6 Baths
Exquisite design & features! Ultimate dual living home/ multi generational! With private entrances, kitchens, parking and supporting infrastructure. Main level features 10 ft ceilings w/exposed beams, gas stone FP, quartz countertops, wood floor & views w/huge covered deck. Each level has exceptional design features & finishes, to give it a comfortable yet elevated custom home feel. Main level is 2,669 sg ft 3 bdrm, 2.5 baths, mid-level is 1,716 sq ft w/ 3bdrm 2 bath and lower level ADU is 585 sq ft 1 bdrm. Located in an established neighborhood, on a large lot that overlooks greenspace and surrounded by lush greenery, this property feels like an oasis. While sitting on the covered deck, you may catch a glimpse of the Gold Man on top of the state capitol building and wildlife nestled in the trees. The structure adapts to how you choose to use it whether it be used as additional family space or rental, and there is still plenty of privacy. Built in 2016, with recent updates, and owner has taken impeccable care, there is nothing to do but move in and make the call for what is best for your life right now.

734 Cascade Dr Nw, Salem

Listing Courtesy of WINDERMERE HERITAGE. CELL: 503-932-1267

$839,000
6 Beds ⋅ 6 Baths
Accepted Offer with Contingencies. Featured on the 2026 HBA Tour of Homes, this Westbound Development duplex sets a new standard for elevated, intentional living in West Salem. A modern craftsman design situated on a generous city lot, giving each of the two 1,313-square-foot residences a striking, timeless presence from the curb. Step inside and the craftsmanship speaks for itself. Expansive Andersen casement windows wash every room in natural light. Oak-inspired luxury vinyl plank flooring flows underfoot, paired with refined LVT tile in the bathrooms — a quiet, neutral canvas ready for your own furnishings and art. The kitchen anchors each home with Amcraft slim-shaker custom cabinetry and high-end stainless appliances, built as much for entertaining as everyday life. Owner's residence thoughtfully and tastefully upgraded. The primary suite is a private retreat: an oversized bedroom, ensuite bath, and generous walk-in closet. Secondary bedrooms carry the same sense of scale, easily adapting to a home office, studio, or guest space. Thoughtful ground-floor storage throughout means nothing about this home feels compromised for its footprint. Outside, a single-car garage with tandem driveway parking keeps the streetscape clean, while EV charging is already in place for the road ahead. Whether as a multigenerational residence, a house-hacking opportunity, or two long-term rentals under one exceptional roof, this home offers a rare combination of modern design, durability, and versatility in the heart of West Salem.

1883 Starlight 1885 Dr Nw, Salem

Listing Courtesy of WORKS REAL ESTATE. Cell: 503-798-5438

$599,900
6 Beds ⋅ 6 Baths
Accepted Offer with Contingencies. Strong income producing duplex located right near downtown Salem & Willamette University. Built in 2017, this duplex has had a very strong rental history. Each unit feat 3 Bed/2.5 bath, custom cabinets, & W/D included in each unit. Private back patio w/ fenced in area & also includes detached garage for each unit. Solid surface flooring on the main level w/ open concept living area. Owner willing to carry with sufficient down payment. No flood insurance required as well!

1544 Tripp 1546 St Se, Salem

Listing Courtesy of TRADITION REAL ESTATE PARTNERS. Direc: 503-999-6578

$1,399,900
8 Beds ⋅ 8 Baths
New Construction 4-Plex in established West Salem neighborhood! Built by Celtic Homes (CCB #200095), these are not your average rental units. Each unit feat. 2 Bed/2 Ba, open concept kitchen/living area, quartz counters, custom cabinets, LVP flooring, covered patio w/ synthetic grass, modern craftsman finishes, and black hardware. Units are currently up for rent at $2200/month. Each unit contains on site laundry as well. This is a low maintenance property with quality finishes that are unmatched.

1390 Overlook 1396 Ave Nw, Salem

Listing Courtesy of TRADITION REAL ESTATE PARTNERS. Direc: 503-999-6578

$1,190,000
11 Beds ⋅ 8 Baths
Exceptional investment opportunity in West Salem! This well-maintained 8-unit apartment complex offers a strong income-producing asset in a desirable location close to schools, shopping, parks, and downtown Salem. Built in 1978 this property has been well maintained with a newer 5 year old roof, and possibility to be split into two separate 4-plexes. Property has convenient dedicated parking lot with 16 spaces. On site laundry that produces extra income.

805 Gerth Ave Nw, Salem

Listing Courtesy of ICON REAL ESTATE GROUP. CELL: 541-359-9132 Selling Office: iHOMES.

$3,995,000
5 Beds ⋅ 6 Baths
An extraordinary opportunity to own a truly one-of-a-kind luxury estate where resort-style living, exceptional craftsmanship and cutting-edge technology converge across eight meticulously curated acres. Thoughtfully expanded in 2021, this remarkable property delivers a lifestyle rarely found in the Pacific Northwest, offering world-class amenities, breathtaking grounds and an unparalleled blend of luxury, recreation and privacy. From the moment you arrive down the winding drive, you are greeted by a tranquil water fountain and breathtaking grounds that create an immediate sense of privacy and serenity. Designed for both grand entertaining and everyday comfort, the residence offers elegant living spaces anchored by a luxurious owner's wing featuring a spacious primary bedroom, sitting area, fireplace, spa-inspired retreat with heated floors, steam shower, soaking tub, oversized walk-in closet, private laundry room and direct patio access. Designed for wellness and recreation, the estate features a spectacular natatorium where accordion glass doors open seamlessly to an outdoor patio, firepit gathering space and peaceful pond views, creating an effortless indoor-outdoor lifestyle. A dedicated fitness room, multiple home offices and a temperature-controlled wine cellar further elevate everyday living. Entertainment reaches another level with a dedicated reference-grade Dolby Atmos theater rivaling premier commercial cinemas, while fully integrated Crestron Home and Josh AI smart-home technology provide seamless control of lighting, audio, climate, security and entertainment throughout. Outside, extensive rose gardens, hundreds of flowering plants, mature landscaping, raised garden beds, cascading waterfalls and two fish-stocked ponds create a setting that feels more like a private luxury resort than a residence. The custom outdoor kitchen and enclosed entertaining retreat overlooking the water provide exceptional spaces for year-round entertaining and unforgettable gatherings with family and friends. Completing the estate is an impressive 5,500-square-foot multi-purpose outbuilding featuring an oversized RV garage, workshop, extensive storage, a three-bedroom apartment and a separate studio apartment, offering flexibility for guests, multigenerational living, a caretaker or creative workspace. A truly rare offering where luxury, recreation, technology and nature exist in perfect balance.

4859 Circuit Rider Ln S, Salem

Listing Courtesy of KELLER WILLIAMS REALTY PORTLAND PREMIERE. Cell: 503-593-5493

$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

$1,365,000
5 Beds ⋅ 6 Baths
Luxury Living on Creekside Golf Course-Exceptional home with grand entry, vaulted ceilings, floor-to-ceiling windows. Gourmet kitchen w granite, cherry cabinetry, walk-in pantry, 2 primary suites - main level w fireplace, jetted tub, French doors to deck dual walk-in closets. Main-level office wired for Ethernet, whole-house audio/video. Entertainment rm w bar, appl & panoramic view. Second laundry room on lower level. Buyer incentive: $30,000 roof allowance. Unmatched craftsmanship and amenities. Theater rm seats 11. 9-ft screen, HD projector, surround sound and lighting.

595 Sahalee Dr Se, Salem

Listing Courtesy of PRICE-REALTORS. Agent: 503-910-9007

$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.

$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

$712,000
5 Beds ⋅ 6 Baths
Outstanding investment opportunity with two stand-alone homes priced for immediate sale! New construction by Timbercraft Homes showcasing the quality craftsmanship they’re known for. One home features 3 bedrooms, 2.5 baths, a gas furnace, and central air conditioning. The second home offers 2 bedrooms and 2.5 baths, including two en-suite bedrooms, plus efficient mini-split heating and cooling systems. Both homes include ductless on-demand water heaters, refrigerators, and LG washer/dryers.

3644 Balm St S, Salem

Listing Courtesy of RE/MAX INTEGRITY - SALEM. Cell: 503-931-8516 Selling Office: KELLER WILLIAMS CAPITAL CITY BENSON BROKER GROUP.

$4,350,000
5 Beds ⋅ 7 Baths
Beautiful acreage property close to Salem. Two primary suites on the main level, chefs kitchen, indoor swimming pool with sauna and steam room. Finished basement features exercise room, gym, craft room and a living room set up as a theater. Finished shop with a 1200 sqft ADU above it. Fully enclosed outdoors kitchen and beautiful landscaped backyard. Must tour to truly appreciate the home. Do not drive by without a broker present and appointment.

7552 Bartol Way Se, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Cell: 503-428-3478

$1,449,000
5 Beds ⋅ 9 Baths
Exceptional custom home on a beautiful private 5 acre parcel located in the West Salem hills. Beautiful grounds surrounded by mature trees, views of Mt Hood, fenced area, (to keep the deer out!) & 1560 sq ft shop for all the hobbies. This home has a true dual living quarter, the ultimate work out room and flex space. Home features a state-of-the-art geothermal heat system and so much more!

2730 Brush College Rd Nw, Salem

Listing Courtesy of BERKSHIRE HATHAWAY HOMESERVICES R E PROF. Agent: 503-551-6100

$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

$2,500,000
5 Beds ⋅ 7 Baths
Tour of Homes luxury estate on acreage with stunning valley views! This exceptional residence showcases exposed beams, curved entryways, and high-end finishes throughout. A single-level layout with a full basement offers excellent dual living potential. Enjoy 5 spacious bedrooms—each an en suite with walk-in closets—along with 2 half baths. The chef’s kitchen is designed to impress, featuring a 60” gas range, oversized island, and a fully equipped butler’s pantry with an additional dishwasher. The lower level is ideal for entertaining with a wet bar complete with mini fridge, ice maker, and dishwasher. Elevated finishes include custom cabinetry, engineered hardwood (waterproof and wear-resistant) and tile flooring throughout—including limestone—natural stone countertops, custom iron railings, and thoughtfully curated lighting and plumbing fixtures. Venetian plaster accents enhance the master shower, range hood, and fireplace, while radiant heated tile floors bring comfort to the upstairs suites. Smart and functional upgrades include Lutron smart home lighting, integrated indoor/outdoor sound, a constant pressure water system with filtration, and a washer/dryer conveniently located in the primary closet.Outdoor living is equally impressive, featuring a covered deck, full outdoor kitchen with a 44” gas range, refrigerator, and pass-through window, gas heaters in the dining area, and an outdoor gas fire table—perfect for year-round enjoyment. The property also offers a hot tub, irrigated landscaping with lighting and raised garden beds, hot/cold outdoor water spigots, and built-in dog kennels with a dedicated dog wash. Additional highlights include a paved asphalt driveway leading to a 1,500 sq ft 3-car garage (mini-split ready and pre-wired), plus an additional 1,200 sq ft of flexible space—ideal for storage, a home office, gym, or more.

5501 Lipscomb St Se, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Cell: 503-510-5326

$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.

$1,075,000
15 Beds ⋅ 8 Baths
8 units consisting of (7) 2 bed / 1 bath and (1) 1 bath/ 1bath. Below market rents w/significant upside. 1 unit was recently renovated. Property is professionally managed allowing for hassle-free ownership if buyer desires to retain management. Current 5.76 cap rate based on actual data. Ideal for investors seeking appreciate and higher ROI. Prime location with strong rental demand. Located less than one block east of North Salem High School and close to Parrish Middle School. Do not disturb the residents

1416 D 1456 St Ne, Salem

Listing Courtesy of SMI REAL ESTATE. Cell: 971-707-0335 Selling Office: COLDWELL BNKR/COMMERCIAL DIV.

$595,000
6 Beds ⋅ 6 Baths
Vintage home made into six apartment units. Two units occupied.

1196 Chemeketa St Ne, Salem

Listing Courtesy of SHARON WOODS REAL ESTATE. Direc: 503-871-5971 Selling Office: SHARON WOODS REAL ESTATE.

$612,000
6 Beds ⋅ 6 Baths
Now Priced to Sell! We’ve made another price adjustment—and this time, it’s the one that will get it SOLD! Listed at $625,000, this 2016-built duplex is an amazing opportunity for investors or owner-occupants. Each side features 3 bedrooms, 2.5 bathrooms, and 1,211 sq. ft. with granite counters, stainless appliances, LVT flooring, fenced yards, and one-car garages. Low-maintenance, modern, and move-in ready—this property shines inside and out. Don’t wait, schedule your showing today!

3552-3554 Ne Anchor Ct, Salem

Listing Courtesy of LEGACY REAL ESTATE. Cell: 503-949-8539 Selling Office: NON-MEMBER SALE.

$2,500,000
38 Beds ⋅ 27 Baths
Discover Tamara Manor: Your smart investment choice! Ideal location near major employers, I5 access. 16 inviting 2-bedrooms, 2 expansive 3-bedrooms, all below market rents. Recent upgrades, 11 remodeled units, 6 vintage with loyal, long-term tenants. Achieve a 5.86% Cap rate based on actual operating data. Owner financing available. Your gateway to affordable comfort and savvy investment awaits in this upgraded 18-unit haven.

2728 Lancaster Dr Se, Salem

Listing Courtesy of SMI REAL ESTATE. Cell: 971-707-0335 Selling Office: SMI REAL ESTATE.

$715,000
7 Beds ⋅ 6 Baths
Great investment opportunity to acquire a six-unit multi-family property conveniently located near downtown, with easy access to parks and public transportation. The property consists of five 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, with some featuring hardwood floors. Additionally, there is an on-site laundry room available for tenants. Please refrain from disturbing the tenants.

923-945 Fir St S, Salem

Listing Courtesy of CROWN REAL ESTATE GROUP. Direc: 503-409-5023 Selling Office: NON-MEMBER SALE.

$39,300,000
357 Beds ⋅ 321 Baths
COMP DATASpring Woods is a 174-unit apartment community located in Salem, OR. This new construction property was built in phases, with buildings delivered from July 2024 to May 2025. The property’s total rentable space is equal to 174,129 square feet.

4040 Hayesville Dr Ne, Salem

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

$1,005,000
10 Beds ⋅ 10 Baths
Well maintained 10 unit MF cottages, currently achieving 42.6% of market rents. One unit currently vacant for tours. For additional due diligence information please contact listing agent.

1230 Chemeketa St Ne, Salem

Listing Courtesy of SVN COMMERCIAL ADVISORS, LLC. Cell: 503-400-7851 Selling Office: SMI REAL ESTATE.

$630,000
9 Beds ⋅ 6 Baths
Hard to find triplex is priced to sell! Units are in very good condition. Professionally managed & landscaped. Spacious units all have 3 bedrooms & 2 baths. Building is set back on flag lot with plenty of paved parking spaces. Priced to consider below market rents on 2 of the units.

3489-3493 Hawthorne Ave Ne, Salem

Listing Courtesy of NED BAKER REAL ESTATE. Agent: 503-881-5286 Selling Office: NON-MEMBER SALE.

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.