$325,000
$25K PRICE DROP

2328 State St Salem, OR 97301

Southeast Salem Neighborhood

Estimated payment $2,097/month

Total Views 8,300
6 Beds
3 Baths
2,892 Sq Ft
$112 Price per Sq Ft

Highlights

  • Waterfront
  • Wood Flooring
  • Baseboard Heating
  • Covered Deck
  • Patio
  • 5-minute walk to Mill Race Park

About This Home

Duplex w/ massive potential for sale in downtown Salem. Excellent investment opportunity producing steady income, set along scenic Mill Creek, the partially fenced yard creates a unique urban waterfront setting rarely found in the downtown core. Located near restaurants, shops, government offices & ongoing redevelopment projects, property offers strong long-term upside in one of Salem’s evolving central districts. You can own this versatile property blending historic appeal, location & future potential.

Listing Agent

Cielo DEL ROSARIO

DORE License #201243779 Listed on: 05/28/2026

Co-Listing Agent

Tim Rist

DORE License #201209259

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,747

Year Built

  • Built in 1913

Lot Details

  • 3,920 Sq Ft Lot
  • Waterfront

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 2,892 Sq Ft Home
  • Dining Area
  • Partial Basement
  • Electric Range
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Covered Deck
  • Patio
  • Shop

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,747

Year Built

Built in 1913

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Range Facility: Electric
  • Syndicated Remarks: Duplex w/ massive potential for sale in downtown Salem. Excellent investment opportunity producing steady income, set along scenic Mill Creek, the partially fenced yard creates a unique urban waterfront setting rarely found in the downtown core. Located near restaurants, shops, government offices & ongoing redevelopment projects, property offers strong long-term upside in one of Salem’s evolving central districts. You can own this versatile property blending historic appeal, location & future potential.
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Wood
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement: Partial
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup

Exterior Features

  • Patio: Covered Deck, Deck, Patio
  • Foundation: Continuous
  • Out Buildings: Separate Shop
  • Roof: Composition
  • Siding: Wood
  • Siding Style: Lap
  • View: Water Frontage

Utilities

  • Heating: Baseboard
  • High Speed Comm Access: Present
  • Water: City
  • Water Heater: Electric

Lot Info

  • Acres: 0.09
  • Zoning: RM2
  • Property Use Type: Investment

Tax Info

  • Tax Years: 2025
  • Tax Amount: 3747

Multi Family

  • Number Of Units: 2

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,748 $182,420
2024 $3,477 $177,110
2023 $3,375 $171,960 $0 $0
2022 $3,182 $166,960 $0 $0
2021 $3,091 $162,100 $0 $0
2020 $3,001 $157,380 $0 $0
2019 $2,896 $152,800 $0 $0
2018 $2,947 $0 $0 $0
2017 $2,660 $0 $0 $0
2016 $2,533 $0 $0 $0
2015 $2,553 $0 $0 $0
2014 $2,470 $0 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2026 07/18/26 Price Changed $325,000 -7.1% $112 / Sq Ft
05/28/2026 05/28/26 For Sale $350,000 +169.2% $121 / Sq Ft
11/03/2016 11/03/16 Sold $130,000 -7.1% $45 / Sq Ft View Prior Sale
05/15/2016 05/15/16 Pending -- -- --
03/25/2016 03/25/16 For Sale $139,900 -- $48 / Sq Ft
Source: Willamette Valley MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $130,000 Amerititle
Bargain Sale Deed -- None Available
Warranty Deed $125,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $104,000 New Conventional
Source: Public Records

Source: Willamette Valley MLS

MLS Number: 840111

Willamette Valley MLS

APN: 587265

Oregon Marion County Salem 97301 Southeast Salem

2328 State St, Salem, OR

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS 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. Copyright 2026 Williamette Valley Multiple Listing Service.
WVMLS Member Broker: Arlene Richardson.

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