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Explore Similar Apartments Within 2 Miles of Downtown Salem, OR

  • /2

    $1,300,000

    • 16 Beds
    • 10 Baths
    • 7,600 Sq Ft

    345 Norway St NE Unit 347, Salem, OR 97301

    Rare build - 7,600 sq ft 4-plex - 4bed/2.5bath 1,900 st ft per unit! Tenants pay W/S/G. Seller will carry w/ significant down payment.

    Agent Photo

    Michael Lowery

    HOMESMART REALTY GROUP

    (503) 822-6289

    345 Norway St NE Unit 347, Salem, OR 97301
  • /50

    $525,000

    • 4 Beds
    • 2.5 Baths
    • 2,474 Sq Ft

    2806 Livingston (-2808) St NE, Salem, OR 97301

    Solid investment duplex in a strong rental market! This well-maintained property features two separately metered units: a spacious 3-bedroom unit estimated to rent for $2,400/month, and a cozy 1-bedroom unit projected at $1,200/month. Current market rents generate a combined $44,400 in annual gross income with tenants covering all utilities except water/sewer. Refer to WVMLS #827762 With a

    Melina Tomson TOMSON BURNHAM, LLC

    2806 Livingston (-2808) St NE, Salem, OR 97301
  • /45

    $579,000

    • 4 Beds
    • 3 Baths
    • 2,160 Sq Ft

    189 Stoneway Dr NW, Salem, OR 97304

    Correct address to be 187 & 189 Stoneway dr NW, Salem 97304. Nicely updated duplex in NW Salem. Each unit has 2 beds and 1.5 baths. Great opportunity to live in one unit and rent out the other for extra income! Both units have newly updated quartz countertops, tiled floor bathrooms, laminate floorings, vanities, faucets, toilets, kitchen sinks, garbage disposal, LED lights, light switches,

    Evan Tran iStar Realty LLC

    189 Stoneway Dr NW, Salem, OR 97304
  • /49

    $650,000

    • 6 Beds
    • 4 Baths
    • 2,936 Sq Ft

    2221 Timothy Dr NW, Salem, OR 97304

    This is a phenomenal opportunity to own a newly remodeled 3 unit multiplex. Property sits in the NW hills with views of Mt Hood. 3 plex appraisal was done in March 2025 and valued at $700,000.00. 3 brand new electric panels. 2 new kitchens, new flooring and carpet through out, new paint, 1 new water heater. This property was a custom built, featuring beautiful custom windows through the units.

    Lauren Plant STELLAR REALTY NORTHWEST

    2221 Timothy Dr NW, Salem, OR 97304
  • /3

    $469,900

    • 4 Beds
    • 3 Baths
    • 2,240 Sq Ft

    1160 Orchard Heights Rd NW, Salem, OR 97304

    Solid investment opportunity in West Salem location. Townhome style duplex with close proximity to parks, grocery shopping, and schools. Units are 2 bed / 1.5 bath with 1-car garages. Each unit offers garage, driveway parking, washer/dryer hookup, dishwasher, fireplace, and partially fenced patio area. Constructed in 1978. Located at the corner of Orchard Heights Rd and Parkway Dr NW, with easy

    Kelly Culver SMI REAL ESTATE

    1160 Orchard Heights Rd NW, Salem, OR 97304
  • /3

    $509,900

    • 4 Beds
    • 3 Baths
    • 2,408 Sq Ft

    1362 Westbrook Dr NW, Salem, OR 97304

    Solid investment opportunity in West Salem location. Spacious townhome style duplex located on a quiet cul-de-sac with close proximity to parks, grocery shopping, and schools. Units are 2 bed / 1.5 bath with 1-car garages. Large 1200 SF units with spacious living room and bedrooms. Each unit offers garage, driveway parking, washer/dryer hookup, dishwasher, fireplace, and fenced back yard.

    Kelly Culver SMI REAL ESTATE

    1362 Westbrook Dr NW, Salem, OR 97304
  • /18

    $725,000

    • 8 Beds
    • 4 Baths
    • 3,150 Sq Ft

    369 18th St SE, Salem, OR 97301

    Beautifully maintained 4-plex in the Capital Park Addition. Each unit has 2 bedrooms and 1 bathroom, kitchens with plenty of storage, and their own washer/dryer hook ups. Building has it's own parking lot accessible by alley with 2 spots per unit. There is an adorable covered gathering area in front of the building and the two end units have their own patios. Long term, reliable tenants in each

    DANIELLE HALEY EXP REALTY, LLC

    369 18th St SE, Salem, OR 97301
  • /6

    $445,000

    • 5 Beds
    • 2 Baths
    • 2,535 Sq Ft

    593-595 Bever Dr NE, Keizer, OR 97303

    Excellent duplex in prime Keizer location! Both units are separately metered. Unit 595 features 2 bedrooms and 1 bathroom, while Unit 593 contains 3bedrooms and 1 bathroom - both offering their own garage spaces. Conveniently located near shopping, schools, and major commuter routes. Please do not disturb tenants. Showings allowed with acceptable offer.

    Sabrina James SMI REAL ESTATE

    593-595 Bever Dr NE, Keizer, OR 97303
  • /13

    $1,049,000

    • 12 Beds
    • 6 Baths
    • 5,418 Sq Ft

    1180 Nebraska Ave NE, Salem, OR 97301

    Solid investment opportunity. 3 bed / 1.5 bath units with newer roofs, paint and fencing. Nearest cross streets are Market and Capital Street which provide tenants easy access to transportation and shopping. Please Do Not Disturb the Residents. Showings only with accepted offer to purchase. Tenants pay garbage, electric and yard maintenance. Additional photos available on request.

    Chris Salaz SMI REAL ESTATE

    1180 Nebraska Ave NE, Salem, OR 97301
  • /25

    $629,900

    • 5 Beds
    • 3 Baths
    • 3,161 Sq Ft

    308 19th St SE, Salem, OR 97301

    Investment property close to downtown and Willamette Univ. Could be a good owner-occupied investment. Home has updated electrical. Each unit has separate mini split ac/heater. All on separate elec. meters. No separate water meter. Has large garage/shop which could be potentially rented for extra. Parking space in front of garage/shop for 3 cars. Tenants in unit 1 to be moved out soon. Tenant in

    ERIC DIXON PIKES NORTHWEST, INC

    308 19th St SE, Salem, OR 97301
  • /5

    $375,000

    • 5 Beds
    • 3 Baths
    • 1,882 Sq Ft

    1091 Jefferson St NE Unit 1097, Salem, OR 97301

    This property appears to have significant room for rent growth. 2nd br at 1095 does not have a closet at this time. Some updates in units. SF are estimates only based upon the Marion County Assessors Office data. Sellers have priced this at an As Is Cash Only transaction.

    BOB RIGGI WINDERMERE PACIFIC WEST PROP

    1091 Jefferson St NE Unit 1097, Salem, OR 97301
  • /48

    $810,000

    • 7 Beds
    • 6 Baths
    • 3,752 Sq Ft

    923 Fir St S, Salem, OR 97302

    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.

    Matt Killen Crown Real Estate Group

    923 Fir St S, Salem, OR 97302
  • /47

    $810,000

    • 7 Beds
    • 6 Baths
    • 3,752 Sq Ft

    923-945 Fir St S, Salem, OR 97302

    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.

    Matt Killen CROWN REAL ESTATE GROUP

    923-945 Fir St S, Salem, OR 97302
  • /18

    $1,650,000

    • 3 Beds
    • 2 Baths
    • 10,774 Sq Ft

    1155 Howard St SE Unit 1173, Salem, OR 97302

    Oxford Apartments is a two-story, ten-unit complex sitting on .34 acres in a quiet and desirable South Salem neighborhood. Built in 1962, the Property features nine one-bedroom/one-bathrooms units and a single two-bedroom/one-bathroom unit. Ownership of the property has remained stable since the 1970s, contributing to its exceptional upkeep. Current rents are still 12% below market rates. Recent

    Ian Crist Bridge Creek Realty

    1155 Howard St SE Unit 1173, Salem, OR 97302
  • /25

    $435,000

    • 5 Beds
    • 3 Baths
    • 1,911 Sq Ft

    1438 (-1440 5) Glen Creek Rd, Salem, OR 97304

    Opportunity awaits with this ideally located triplex in desirable NW Salem. Just minutes from shops, businesses, and the Salem-Dallas Highway, this property offers excellent convenience, making it a strong draw for tenants and helps keep vacancies low. Unit 1440.5 has been recently renovated, and the entire exterior has been freshly painted, allowing the next owner to step in with minimal work.

    Sabrina James SMI REAL ESTATE

    1438 (-1440 5) Glen Creek Rd, Salem, OR 97304
  • /16

    $825,000

    • 8 Beds
    • 6 Baths

    1022 Arthur Way NW, Salem, OR 97304

    Fantastic investment opportunity awaits with this beautifully built duplex! Each with 4 bedrooms, 2.5 full bathrooms, an attached garage, and private fenced backyard. Thoughtful open-concept layouts. This property perfect for investors and homeowners alike. Please do not disturb tenants.

    Nereyda Aguirre Aguirre eXp Realty LLC

    1022 Arthur Way NW, Salem, OR 97304
  • /15

    $750,000

    • 6 Beds
    • 4 Baths
    • 2,966 Sq Ft

    1032 Arthur Way NW, Salem, OR 97304

    Fantastic investment opportunity awaits with this beautifully built duplex! Each with 3 bedrooms, 2 full bathrooms, an attached garage, and private fenced backyard. Thoughtful open-concept layouts. This property perfect for investors and homeowners alike. Please do not disturb tenants.

    Nereyda Aguirre Aguirre eXp Realty LLC

    1032 Arthur Way NW, Salem, OR 97304
  • /19

    $825,000

    • 8 Beds
    • 5 Baths
    • 3,003 Sq Ft

    1020 Arthur Way NW, Salem, OR 97304

    Fantastic investment opportunity awaits with this beautifully built duplex! Eachwith 4 bedrooms, 2.5 full bathrooms, an attached garage, and private fenced backyard. Thoughtful open-concept layouts. This property perfect for investors and homeowners alike. Please do not disturb tenants.

    NEREYDA AGUIRRE EXP REALTY, LLC

    1020 Arthur Way NW, Salem, OR 97304
  • /15

    $750,000

    • 6 Beds
    • 4 Baths
    • 2,966 Sq Ft

    1030 Arthur Way NW, Salem, OR 97304

    Fantastic investment opportunity awaits with this beautifully built duplex! Eachwith 3 bedrooms, 2 full bathrooms, an attached garage, and private fenced backyard. Thoughtful open-concept layouts. This property perfect for investors and homeowners alike. Please do not disturb tenants.

    NEREYDA AGUIRRE EXP REALTY, LLC

    1030 Arthur Way NW, Salem, OR 97304
  • /9

    $599,000

    • 8 Beds
    • 4 Baths
    • 3,332 Sq Ft

    1487 Waller St SE Unit 1495, Salem, OR 97302

    4-Plex with 2 bedroom 1 bath units with a total of 4 off street parking spaces. On site utility room with coin operated washer/dryer. Do not disturb tenants.

    JOHN ZOBRIST EXP REALTY, LLC

    1487 Waller St SE Unit 1495, Salem, OR 97302
  • /7

    $499,000

    • 6 Beds
    • 3 Baths
    • 2,240 Sq Ft

    3482 30th (3484) Ave NE, Salem, OR 97301

    Solid investment opportunity! 3 bed / 1.5 bath townhouse style duplex located on a cul-de-sac, close to I-5. Property sits between Silverton Road and Portland Road which provides tenants with easy access to transportation and shopping. Please do not disturb the tenants. Showing upon accepted offer to purchase.

    Chris Salaz SMI REAL ESTATE

    3482 30th (3484) Ave NE, Salem, OR 97301
  • /47

    $399,000

    • 4 Beds
    • 2 Baths
    • 1,344 Sq Ft

    1625 12th St SE, Salem, OR 97302

    Unique rental housing opportunity. 5 room boarding home located 1 mile from the Willamette University campus. Off street parking will accommodate all tenants. CR Zoning provides flexibility for future uses (Previously used for Title Office). Please do not disturb the tenants.

    Chris Salaz SMI REAL ESTATE

    1625 12th St SE, Salem, OR 97302
  • /7

    $950,000

    • 14 Beds
    • 8 Baths
    • 4,292 Sq Ft

    241 NW 25th St, Salem, OR 97301

    Worth another look! Updated price reflects brand new exterior paint, fencing & repairs-this is a true turnkey 4-unit investment. One 4-bed unit is vacant, ideal for owner-occupant or renting at market rate. Purpose-built with 14 beds, 8 baths total, newer roof, fiber cement siding, on-site laundry & ample parking. Low-maint, low-expense property in a convenient location with great cash flow &

    Sue Long Keller Williams Realty Mid-Willamette

    241 NW 25th St, Salem, OR 97301
  • /41

    $679,900

    • 6 Beds
    • 4 Baths
    • 2,989 Sq Ft

    1117 6th (-1119) St NW, Salem, OR 97304

    Newly completely remodeled duplex on double lot! Front unit has 4 bedrooms (downstairs can be office) and two full baths plus laundry room with W/D hook ups. Back unit has 2 bedrooms and 2 full bathrooms plus laundry room with W/D hook ups. Ductless Heat/AC units in each room, Cadet heaters in each bathroom. Newer from the top down! Covered and secure breezeway between units. Great investment

    Chris Forrette COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    1117 6th (-1119) St NW, Salem, OR 97304
  • /41

    $679,900

    • 6 Beds
    • 4 Baths

    1117 6th St NW, Salem, OR 97304

    Newly completely remodeled duplex on double lot! Front unit has 4 bedrooms (downstairs can be office) and two full baths plus laundry room with W/D hook ups. Back unit has 2 bedrooms and 2 full bathrooms plus laundry room with W/D hook ups. Ductless Heat/AC units in each room, Cadet heaters in each bathroom. Newer from the top down! Covered and secure breezeway between units.Great investment with

    Chris Forrette Coldwell Banker Mountain West

    1117 6th St NW, Salem, OR 97304
  • /4

    $1,175,000

    • 10 Beds
    • 6 Baths

    3208 Broadway St NE Unit 3210, Salem, OR 97303

    Introducing the Nguyen Le 6-plex, where functionality meets flair in the heart of Salem. This multi-family gem boasts 12 bedrooms and 6 bathrooms across 4974 square feet of thoughtfully designed space. Laminate flooring throughout, ensuring a clean and contemporary ambiance.The convenience begins right at your doorstep with on-site laundry facilities, sparing you those pesky trips to the

    Steven Vo MORE Realty

    3208 Broadway St NE Unit 3210, Salem, OR 97303
  • /43

    $350,000

    • 3 Beds
    • 2 Baths
    • 1,060 Sq Ft

    655 Norway (-665) St NE, Salem, OR 97301

    665 Norway is a 1936 Cottage with 2 bdrms 1 bath. Fully applianced kitchen; wood floors, FA Gas; newer roof and freshly painted exterior. Fenced yard. Recently rented for $1450 per month. 655 is a converted single garage to a 1 bdrm 1 bath unit - Recently rented for $950 per month.Close to transportation; Grant Elementary School. Refer to RES listing WVMLS# 821056

    Gladys Blum BLUM REAL ESTATE

    655 Norway (-665) St NE, Salem, OR 97301
  • /2

    $1,170,000

    • 7,884 Sq Ft

    1104-1120 Waller St SE, Salem, OR 97302

    Southeast Salem 9-plex - Seven 2 bdrm/1 bath and Two 1 bdrm/1 bath. 766 to 834 SF units. 10 on-site parking spaces with additional street parking available. Complex has direct access to Bush Park with walking paths. New Roof and exterior paint in 2017. On-site laundry room. Rents $975 to $1195 per unit. Currently 100% occupied with one vacancy coming next month. Please do not disturb

    Ruth Dana FIRST COMMERCIAL REAL ESTATE

    1104-1120 Waller St SE, Salem, OR 97302
  • /49

    $587,000

    • 5 Beds
    • 2 Baths
    • 1,736 Sq Ft

    520 Ave S, Salem, OR 97302

    Two houses! located in Sought after Candelaria school district. Main house was fully remodeled in 2019, all new plumbing, electrical, furnace, AC, kitchen, granite countertops throughout, bathroom, siding, LVP flooring, paint everything was touched! ADU was built in 2021 it is 2 bed,1 bath home 748sqft with 11-foot ceilings. Mini split for heating and cooling and LVP flooring, also granite

    David Schacher COLDWELL BNKR/COMMERCIAL DIV

    520 Ave S, Salem, OR 97302
  • /7

    $950,000

    • 14 Beds
    • 8 Baths
    • 4,292 Sq Ft

    241 NE St, Salem, OR 97301

    Worth another look! Updated price reflects brand new exterior paint, fencing & repairs-this is a true turnkey 4-unit investment. One 4-bed unit is vacant, ideal for owner-occupant or renting at market rate. Purpose-built with 14 beds, 8 baths total, newer roof, fiber cement siding, on-site laundry & ample parking. Low-maint, low-expense property in a convenient location with great cash flow &

    Sue Long KELLER WILLIAMS REALTY MID WILLAMETTE

    241 NE St, Salem, OR 97301

Why Live in Downtown Salem

Downtown Salem is a bustling neighborhood with a mix of commercial spaces, state government offices, and residential areas. Housing options include single-family homes, primarily Cape Cods, cottages, and Craftsman styles on tree-lined streets, as well as high-rise condos with city views and private parking. The neighborhood is known for its ample green spaces, such as Riverfront Park, which features an amphitheater, walking paths, playgrounds, and the Salem's Riverfront Carousel. The Gilbert House Children's Museum and the expansive Minto-Brown Island Park, connected by the Peter Courtney Minto Island Bridge, offer additional recreational opportunities. State Capitol State Park provides a serene setting with fountains and historical markers. Dining options range from fine dining at Rudy's Steakhouse to casual meals at Masonry Grill, and coffee at the Governor's Cup. Shopping is available at Salem Center mall, though its popularity has waned. Downtown Salem hosts numerous events, including concerts at the Gerry Frank Salem Rotary Amphitheater, the ¡Viva Salem! festival, and a weekly farmers market. The neighborhood is well-connected with walkable streets and extensive Cherriots bus routes. South Salem High School, with its high rating, offers dual credit courses and career and technical education. Willamette University, the oldest university in the western U.S., provides diverse programs. Residents have easy access to medical care at Salem Hospital. The area has a low crime risk compared to the national average, making it a practical choice for potential home buyers.

Home Trends in Downtown Salem, OR

Housing Trends

Median Sale Price
$297,800
Median Single Family Sale Price
$384,900
Average Price Per Sq Ft
$282
Number of Homes for Sale
4
Last 12 months Home Sales
12
Months of Supply
4.00
Median List Price
$369,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-26%
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