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$1,500,000
6 Beds 9 Baths
Motivated Seller Luxury living meets rare opportunity—with four distinct living areas spanning over 5,000 sq ft, highlighted by heated travertine floors, rich woodwork, granite finishes, gas fireplaces, and a tranquil courtyard with koi pond. Originally built in 1904 and thoughtfully expanded beginning in 2012, this gated estate blends timeless craftsmanship with modern upgrades. The main home includes multiple living areas, while a separate 1,500 sq ft caretaker’s home offers its own kitchen, bedrooms, and living space. A guest suite and additional quarters add even more flexibility—perfect for multi-generational living, rental income, or extended guests.Commercial amenities include a 2,100 sq ft shop with storefront and half bath, a 960 sq ft rear shop, mill house, and loft. The property also offers a 4-car garage, carport, and RV hookups, with the driveway engineered to handle heavy trucks.Zoned General Industrial with a grandfathered residence, this unicorn property offers both luxury living and business potential, with projected rental income of approx. $10,000/month when fully leased. Too much to list here—contact the Listing Agent for a full property report with detailed specs and approved uses.

3795 Blossom Dr Ne, Salem

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

$799,000
Prime 12-Unit Redevelopment Opportunity in the Heart of SalemUnlock the potential of this strategically located site at 725 Shipping St NE. Currently positioned for a high-density transition, this property offers a rare footprint for a 12-unit residential complex. With Salem’s growing demand for urban housing, this concept maximizes the lot’s efficiency while providing future tenants with unparalleled access to downtown and the I-5 corridor. Key Highlights:- Density & Scale: Optimized site layout for a 12-unit multi-family build.- Strategic Location: Blocks away from local transit, shopping, and major employment hubs.- Infrastructure Ready: Existing utility access simplifies the initial phases of site prep.Market Demand: Perfect for a mix of studios and one-bedroom units to target the local workforce.Mixed-Used (MU-II) zoning has opened up many possibilities for this property. The 5,170 square-foot second story houses a ballroom, restrooms, full bar, kitchen, and storage. The 5,090 square-foot main level contains a "lounge", full bar, offices, kitchen, dining area, restrooms, and meeting rooms. A fenced and graveled storage yard could be used for parking, outdoor dining, food trucks, or new construction. Building is currently leased on a month-to-month basis.Ideas for the existing building include a 12-unit apartment building (site plan has been approved), microbrewery or taphouse, coffee, event center, restaurant, bar, etc. The ballroom is still regularly being used, but the building will require significant improvements to utilize all areas. The Seller is open to a traditional sale and also is open to discussing creative partnerships or development ideas.

725 Shipping St Ne, Salem

Listing Courtesy of KITHKIN REAL ESTATE. 503-930-2786

$3,900,000
5 Beds 9 Baths
Set on 32 pristine acres, this remarkable estate delivers over 11,000 square feet of luxury living, combining grand scale with thoughtful design. The residence features 5 bedrooms, 7 full bathrooms, and 2 half bathrooms, crafted for those who value privacy, comfort, and exceptional entertaining. A dramatic entry welcomes you into a soaring foyer with elegant tile flooring, immediately showcasing the home’s architectural presence. The chef’s kitchen is both functional and refined, complete with a generous butler’s pantry and ideal flow for hosting. A 6+ car garage and expansive shop offer abundant room for projects, storage, and recreation. The main living spaces are filled with natural light and designed for gathering. The living room features a striking fireplace, custom mantle, and built-ins, while the family room impresses with a wet bar and private movie theater. Two formal dining rooms provide flexible spaces for everything from intimate dinners to large celebrations.A hidden cellar tucked behind a secret door—with its own private bathroom—creates a unique and memorable entertaining space. Step outside to an expansive patio featuring a fireplace and built-in BBQ, perfect for year-round enjoyment. The fenced sport court with basketball hoop adds another layer of fun and versatility.The primary suite is a private retreat, offering a fireplace, sitting area, spa-style shower, oversized jacuzzi tub, dual walk-in closets, and separate restrooms. Upstairs, three additional bedrooms each feature ensuite bathrooms, with access to two balconies from either the third bedroom or the study. Completing the home are a dedicated workout room with mirrored walls and a large bonus playroom. Every detail of this estate has been thoughtfully designed to balance refined luxury with everyday functionality, creating a truly exceptional place to call home.

2554 Cole Rd S, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Cell: 503-409-3542

$1,300,000
Level 1 and 2 environmental studies have been performed, with no results requiring any further level 3 action. Test results are available up on request to prospective investors providing confidence this property is ready for future development and easily tailored to their needs. It's convenient central location is mid way between Portland and Eugene off the MLK parkway, one of the few major arteries linking Interstate 5 and the Oregon coast. Refer to #807787 This highly visible side street site not only makes for safe truck access to major thru fares quick and easy, but parallels a railroad spur line to a switch yard offering expanded transportation options. One of the most attractive highlights this property boasts is it's acre's clear level ground with mix of both heavily packed gravel and asphalt pavement. This accommodates either heavy truck traffic or storage, or a sound base for further development. This vast space can be used to fill the local needs of semi truck, RV and boat, or individual storage unit needs. The existing structures can benefit either and or industrial or leased shop space, in conjunction with countless uses of it's open space. Adjacent to one of the paved portions of the property, a truck washing station provides an environmentally friendly oil and water separator. This level concrete station also provides a partitioned off center island once used for above ground fueling needs. The main shop provides a secure tool room, office space, and separate bathrooms. It's direct view from the main entrance makes it ideal for either retail repair or truck maintenance, and is currently equipped with an automotive lift. It's access to 3 phase power accommodates both heavy industrial needs or a prime location for a fabrication shop. The main office is separated by a brick court yard matching it's front entrance and parking area. The rear structure offers offers a high ceiling allow both truck and equipment access. Originally set up as two separate shops the main shop is equipped with a bathroom, office space, and upstairs storage and separate room. The secondary shop has been divided into a third shop space. An adjacent older mobile home has been used used as parts storage and fits the need perfectly. It should be noted all buildings are in usable shape, but should be considered in variable states of disrepair. Overall this property offers an excellent financial opportunity due to its strategic location, co

3650 Mainline Dr Ne, Salem

Listing Courtesy of EXP REALTY, LLC. 971-227-9160

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.