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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

    $518,000

    • 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
  • /4

    $425,000

    • 4 Beds
    • 2 Baths
    • 1,452 Sq Ft

    1455 Waller St SE, Salem, OR 97302

    Great opportunity for new or seasoned investors! Two units, each with their own yard and parking area. Access upper unit from the front and lower unit from the back alley. Modern, updated and low maintenance. Please respect tenant's privacy, both long term and great people. Welcome to the world of Real Estate investing! .

    JOSE GONZALEZ TU CASA CORPORATION

    1455 Waller St SE, Salem, OR 97302
  • /2

    $380,000

    • 4 Beds
    • 2 Baths
    • 1,500 Sq Ft

    1442 Vista Ave SE, Salem, OR 97302

    Turnkey duplex, perfect investment opportunity! Fully remodeled a few years ago, occupied by great long-term tenants, what more can you ask for ;) Located on a quiet dead end street in a nice private South Salem neighborhood. Plenty of parking for your tenants and lot size may allow more units? Contact the city for more info. (P.S. Please respect the tenant's privacy)

    JOSE GONZALEZ TU CASA CORPORATION

    1442 Vista Ave SE, Salem, OR 97302
  • /33

    $419,950

    • 6 Beds
    • 3 Baths
    • 3,381 Sq Ft

    985 Bever Dr NE, Keizer, OR 97303

    Great Investment Opportunity! 2 Homes on 1 lot in established Keizer neighborhood. Main home has 4 bedrooms 2181 SF, Second home has 2 bedrooms 1200 SF. & detached 2+ car garage/shop. Both homes are needing updating but offering buyers option to do their own upgrades. Located short distance to shops, schools, bus service & MLK Parkway. DO NOT DISTURB TENANTS IN UNIT (983) BEHIND MAIN RESIDENCE.

    Troy Morris Excel Real Estate

    985 Bever Dr NE, Keizer, OR 97303
  • /31

    $419,950

    • 6 Beds
    • 3 Baths
    • 3,381 Sq Ft

    983-985 Bever Dr NE, Keizer, OR 97303

    Great Investment Opportunity! 2 Homes on 1 lot in established Keizer neighborhood. Main home has 4 bedrooms 2181 SF, Second home has 2 bedrooms 1200 SF. & detached 2+ car garage/shop. Both homes are needing updating but offering buyers option to do their own upgrades. Located short distance to shops, schools, bus service & MLK Parkway. DO NOT DISTURB TENANTS IN UNIT (983) BEHIND MAIN RESIDENCE.

    Troy Morris EXCEL REAL ESTATE

    983-985 Bever Dr NE, Keizer, OR 97303
  • /38

    $3,899,000

    • 94 Beds
    • 36 Baths
    • 33,128 Sq Ft

    2540 - 2594 Lee St SE, Salem, OR 97301

    Shelton Village is comprised of 28 units with large 3bed/1bath, 4bed/2bath, 5bed/2bath quad style townhouse layouts. Shelton Village has spacious grounds, and adequate off-street parking with 38 standard/5 handicap spaces available to the residents. Additional photos of the unit interiors available upon request. Please DO NOT disturb the tenants.

    Chris Salaz SMI REAL ESTATE

    2540 - 2594 Lee St SE, Salem, OR 97301
  • /15

    $565,000

    • 5 Beds
    • 3 Baths
    • 2,064 Sq Ft

    2910 Lancaster Dr NE Unit 2930, Salem, OR 97305

    Investment-ready triplex situated in a prime Salem corridor. The property has been well cared for and benefits from excellent accessibility to services, transit, and major employment centers. A reliable income producer with strong rental demand. Directly across from 2870 Lancaster Dr NE, which is also available.

    HUNTER GRAY SMI REAL ESTATE

    2910 Lancaster Dr NE Unit 2930, Salem, OR 97305
  • /18

    $595,000

    • 6 Beds
    • 3 Baths
    • 2,208 Sq Ft

    2870 Lancaster Dr NE Unit 2890, Salem, OR 97305

    Well-maintained triplex in a highly accessible Salem location. Each unit offers dependable rental appeal with proximity to shopping, transit, and major employers. A strong investment property located directly across the street from 2910 Lancaster Dr NE, also available for purchase.

    HUNTER GRAY SMI REAL ESTATE

    2870 Lancaster Dr NE Unit 2890, Salem, OR 97305
  • /29

    $550,000

    • 4 Beds
    • 2 Baths
    • 1,930 Sq Ft

    1015 Park Ave NE Unit 1025, Salem, OR 97301

    Turnkey duplex with prime location! Fully remodeled, freshly repainted, and boasting a 95%+ occupancy rate, this income-producing property is just minutes from shopping, restaurants, and freeway access. Both units are tenant-occupied-perfect for investors or live-in owners looking for steady cash flow.

    DAMIAN PAVLOV EXP REALTY, LLC

    1015 Park Ave NE Unit 1025, Salem, OR 97301
  • /21

    $785,000

    • 2 Beds
    • 2 Baths

    3027 D St NE, Salem, OR 97301

    Investor/Developer Alert! Duplex and adjacent development lot. Duplex provides solid rental income. Land conditionally approved for a 12-unit building, buyer to do due diligence. Great opportunity for income and future development!

    HUNTER GRAY SMI REAL ESTATE

    3027 D St NE, Salem, OR 97301
  • /5

    $535,000

    • 4 Beds
    • 3 Baths
    • 2,011 Sq Ft

    1010 Church St NE, Salem, OR 97301

    Three 1940's cottages on one lot! Addresses are 1010 Church St. NE, 625 E St. NE, and 645 E St. NE. New siding, windows, and roof (on 645 E St.). Great opportunity for first time buyers to acquire a home with rentals or for a savvy investor looking for the long term upside. Architectural features like hardwood floors and arches give these units a warm, 40's period vibe. Tenants pay all

    Kenneth Marshall Vintage Realty Northwest

    1010 Church St NE, Salem, OR 97301
  • /2

    $532,000

    • 4 Beds
    • 3 Baths
    • 2,367 Sq Ft

    505 & 511 Woodland Dr NW, Salem, OR 97304

    Built in 2001, this nicely appointed townhome style duplex is located off Eola in NW Salem. Each unit has a living room, dining room, kitchen, laundry space/room, 2 bedrooms and 1.5 bathrooms. Great opportunity to live in one unit and rent out the other for extra income! Units have direct access to a garage or covered breezeway to garage, plus one driveway space for parking. Close to West Salem

    Kelly Culver SMI REAL ESTATE

    505 & 511 Woodland Dr NW, Salem, OR 97304
  • /25

    $625,000

    • 4 Beds
    • 4 Baths
    • 2,282 Sq Ft

    771 21st St SE, Salem, OR 97301

    4 plex investor opportunity in central Salem with potential to assume FHA mortgage at 2.75%! This detached 4-plex offers four 1-bedroom, 1-bath units—each with its own private entrance, electric meter, and water heater. The original home was extensively remodeled and partially rebuilt in 1990–91, blending character with modern updates.Recent improvements include a newer roof (approx. 5–10 years

    Joe Skipper EXP REALTY, LLC

    771 21st St SE, Salem, OR 97301
  • /5

    $1,100,000

    • 6 Beds
    • 5 Baths
    • 5,784 Sq Ft

    2005 Summer St SE Unit 2045, Salem, OR 97302

    Incredible investment opportunity! This 5-unit multi-family property features low taxes and minimal operating expenses. A 6th unit conversion is currently underway—permits in progress—offering added future rental income. Strong rental history and easy-to-maintain layout. Don’t miss the upside potential!

    NOELLE PHILLIPS JMG JASON MITCHELL GROUP-ALBANY

    2005 Summer St SE Unit 2045, Salem, OR 97302
  • /8

    $7,150,000

    • 84 Beds
    • 55 Baths
    • 38,432 Sq Ft

    2510 Broadway St NE, Salem, OR 97301

    Somerset East Apartments features 55 units comprised of five, two or three story buildings. This well-appointed property features spacious one, two, and three-bedroom apartments situated on 69,104 SF (1.59 acres).Units include fully equipped kitchens, private patios or balconies, and access to a pet-friendly environment, complemented by ample on- and off-street parking. Somerset Apartments offers

    Conrad Venti FIRST COMMERCIAL REAL ESTATE

    2510 Broadway St NE, Salem, OR 97301
  • /45

    $550,000

    • 4 Beds
    • 2 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
  • /3

    $499,900

    • 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
  • /15

    $355,000

    • 2 Beds
    • 1 Bath
    • 818 Sq Ft

    2635 5th St NE, Salem, OR 97301

    Welcome to your warm and inviting new single level home! The heart of the house, the kitchen, features all-new appliances and beautiful new countertops, perfect for home-cooked meals and gatherings. Every detail was updated with comfort in mind. Outside, brand-new siding adds and new vinyl windows add charm and durability. This home is move-in ready and filled with the kind of cozy touches that

    Hector Garcia John L. Scott Salem

    2635 5th St NE, Salem, OR 97301
  • /13

    $995,000

    • 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

    $300,000

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

    1091 Jefferson St NE Unit 1097, Salem, OR 97301

    CASH ONLY. 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

    $799,900

    • 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

    $799,900

    • 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
  • /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

    $649,900

    • 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

    $649,900

    • 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
  • /43

    $335,000

    • 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
  • /2

    $339,900

    • 4 Beds
    • 2 Baths
    • 1,560 Sq Ft

    2519 Hyde Ct (& 2521) Ct SE, Salem, OR 97301

    Estate Sale – Duplex in Convenient Salem Location. Incredible opportunity to own a well-priced duplex offering two 2BD/1BA units, each featuring: functional floor plans, tub-shower combos, in-unit washer/dryer hookups and single-car garages. The duplex is well priced at under $180,000 per unit; great opportunity for value-add investors looking to build equity through updates and rent increases.

    Brian Smith COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    2519 Hyde Ct (& 2521) Ct SE, Salem, OR 97301
  • /2

    $339,900

    • 4 Beds
    • 2 Baths
    • 1,560 Sq Ft

    2515 Hyde Ct SE Unit 2517, Salem, OR 97301

    Estate Sale – Duplex in Convenient Salem Location. Incredible opportunity to own a well-priced duplex offering two 2BD/1BA units, each featuring: functional floor plans, tub-shower combos, in-unit washer/dryer hookups and single-car garages. The duplex is well priced at under $180,000 per unit; great opportunity for value-add investors looking to build equity through updates and rent increases.

    Brian Smith COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    2515 Hyde Ct SE Unit 2517, Salem, OR 97301
  • /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
  • /47

    $1,150,000 New Construction

    • 12 Beds
    • 8 Baths
    • 4,980 Sq Ft

    1094 15th St SE, Salem, OR 97302

    BRAND NEW and ready for its new owner! Each unit featuring 3 bedrooms 2 full bathrooms. 2 story homes with 2 large fully covered decks per unit. Home includes marble LVP, lots of kitchen cabinet space, farmhouse sink, butcher block countertops, gorgeous blue tile, large kitchen, spacious kitchen island and eat in island. fully fenced and landscaped for privacy, gorgeous magnolia trees, laundry in

    cherise kish KELLER WILLIAMS REALTY MID WILLAMETTE

    1094 15th St SE, Salem, OR 97302

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
$387,250
Median Single Family Sale Price
$375,000
Median 1 Bedroom Sale Price
$400,000
Average Price Per Sq Ft
$282
Number of Homes for Sale
1
Last 12 months Home Sales
16
Months of Supply
0.80
Median List Price
$394,950
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-3%
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