Investment - Homes for Sale in Salem, OR

Modern Living & Income Opportunity in One! Built in 2022, this turnkey property offers contemporary style and smart investment potential. The main home features 3 spacious bedrooms, 2.5 baths, and 1,701 sq ft of well-designed living space. A detached garage hosts a fully equipped 1-bed, 1-bath ADU (624 sq ft) above—perfect for guests, extended family, or rental income. An immediate income stream

BARB NORRIS REDFIN

Stunning renovation in SE Salem with valley, downtown, and distant mountain views! This 3 bed, 2.5 bath home offers dual living possibilities with 2 living spaces and 2 fireplaces. Designer kitchen & bath finishes, new stainless steel appliances, and hard surface flooring throughout create a bright, modern feel. Brand new AC, Electrical panel, Oversized backyard with a covered patio. Active STR

Shaunte Cruse EXP REALTY, LLC

Charming triplex near downtown Salem! Main 3BD/2BA home with basement offering ADU potential + two rented 1BD/1BA cottages. Cosmetic refresh could unlock big value. Prime location near Willamette Univ & Salem Hospital — ideal house hack or investment! MLS #834147 Please contact listing agent with any questions. Property holds great potential with location and opportunity to easily add a 4th unit

Kevin Pena Aceves EXP REALTY, LLC

Beautiful in town property situated on two .36 acre city lots offering endless potential including possible subdividing, buyer to verify and do due diligence. Home features open floor plan w/vaulted ceilings, tastefully updated bathrooms, modern comfort. 2 car garage includes an attached storage area perfect for tools or hobbies. Nice spacious covered deck to enjoy large fully fenced yard great

Sandi Hunsaker BERKSHIRE HATHAWAY HOMESERVICES R E PROF

This single-level duplex is a great multifamily investment near schools and local amenities. Each of the two units offers 1,135sf, with two good sized bedrooms, two full bathrooms, and a private, fenced backyard. The open-concept design connects the living room, dining, and kitchen areas, creating a very open floor plan. Complete with in-unit laundry for added convenience, this property is

Dave Smith TRADITION REAL ESTATE PARTNERS

Fresh, clean updates blend perfectly with classic cottage character in this inviting home. Step inside and feel the history—solid wood floors, spacious floorplan, and an open kitchen that flows seamlessly into the dining and living areas. Newer interior and exterior paint and an updated bathroom with tile flooring. Solid roof and updated electrical for peace of mind. The full, semi-finished

Kelley Carver MOVE REAL ESTATE

Can't be missed investment opportunity! Available 4.5% rate! This property offers two homes on one lot with strong rental income. The main house features 3 bedrooms and is currently rented for $1,925/month. Recently renovated with newer laminate flooring, updated cabinets and counters, modern appliances, upgraded windows, and an updated electrical panel. The charming studio cottage brings in an

Sabrina James SMI REAL ESTATE

Charming 2 bedroom, 1 bath home featuring a new roof, functional floor plan with abundant natural light, and a thoughtfully designed outdoor living space. The property offers alley access, a detached garage, and a beautifully landscaped backyard complete with a fire pit and paver seating area, creating an ideal setting for both entertaining and gardening. This residence combines comfort and

Joshua Glaspie ICON REAL ESTATE GROUP

This could be a perfect addition to your investment portfolio. One unit has been completely remodeled. Another unit has had new flooring put in throughout. This location offers a great school district and close access to I-5. Each unit has its own garage for parking. All four units are currently rented. Showings only after accepted offer now.

Brittany Mitchell MANOR REALTY

Time to become a homeowner and stop renting! 1910 bungalow. Newer roof, flooring, paint, and heat pump for heating and cooling. 8x8 storage shed and fenced back yard with large deck! Cozy front porch and corner lot make this a perfect first home or investment property. all appliance included!

Nancy Rocha HOMESMART REALTY GROUP

Nestled in the rolling hills of Oregon’s renowned Willamette Valley, this extraordinary property offers a rare blend of elegance, natural beauty, and agricultural opportunity. Set on 20+ acres of lush land, this estate features a charming home, a thriving vineyard, a serene pond, and breathtaking views of the valley. The one-of-a-kind residence with 5 bedrooms and 4 1/2 bathrooms is designed to

Amy Garvin Cascade Hasson Sotheby's International Realty

Well-maintained triplex in a highly accessible Salem location. Updates include a new roof and renovated interior. 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. Interior photos available.

HUNTER GRAY SMI REAL ESTATE

Price Improvement: BOM. Nestled in a charming Salem neighborhood, this two-bedroom, one-bath home with a completed loft, is perfect for first-time buyers, investors, or anyone seeking a versatile property. All appliances updated within the last two years, including washer and dryer. This home is move-in ready and in great condition! The oversized garage offers endless possibilities—it could be

Linda Burns Pete Anderson Realty Assoc,Inc

CASH ONLY investment opportunity located in desirable South Salem. Located on 2.47 acres, this property offers 4,645 sqft of living space, plus a 1,000 square-foot Tolkien-themed Hobbit house known as The Bag Inn. Seller is a Trustee for Ch. 7 Bankruptcy Estate. Property sold AS-IS. Cooperative occupant on premises. Please contact LA for showing appointment & details on this property.

DENA SWIFT HOMESMART REALTY GROUP

Investor Special – South Salem! Excellent opportunity in the desirable Hansen Subdivision for a rental addition or flip project. This 3-bedroom, 1-bath home offers a spacious living room with gas fireplace insert, light-filled dining area, efficient kitchen, utility room, and small garage. The fenced backyard provides additional potential, with some fencing repair needed. Roof is approximately 12

Stacey McGhehey COLDWELL BANKER PROFESSIONAL GROUP

Charming 2-bed, 1-bath bungalow on a large lot in West Salem with a huge backyard. Features include a nice-sized living room, large open kitchen with space for a dining table, remodeled kitchen and bath (2021), and a new roof (2021). The home also offers a spacious laundry room with an attached office or storage room, plus a 1-car garage with a long driveway for ample parking. A perfect starter

Angie Karp KNIPE REALTY ERA POWERED

Rare opportunity to own a residential lot in one of the most sought-after areas of West Salem. This nearly flat lot offers excellent building potential, ideal for expanding your investment portfolio or building the home of your dreams. Enjoy a prime location with easy access to local amenities, schools, and parks. Don’t miss out on this chance to secure a valuable piece of land in a thriving

Aaron Interiano PREMIERE PROPERTY GROUP, LLC ALBANY

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

Single-family home with close proximity to parks, grocery shopping, and schools. Single-level home with 3 beds, 2 baths, and a 2-car garage. Spacious living room with fireplace, kitchen/dining combination, laundry room, and large bedrooms. Main bedroom has ensuite full bath. Fenced backyard and covered patio area. Easy access to public transit. Solid investment opportunity. Tenants pay

Kelly Culver SMI REAL ESTATE

Tremendous Opportunity with this Amazing I-5 Freeway Exposure Property. Property is EFU zoned and has on site Fire Suppression System that supply's Fire Protection to a adjoining commercial buildings. Current Monthly Income From Adjoining Already Approved Vendors. Great Investment in the Future of the Growth of Willamette Valley's and Oregon's Primary Highway System from North to South. Property

David Schiedler Silverado Properties LLC

Lots of charm and potential in this home with hardwood floors and cozy fireplace in the living room featuring arches and built-in shelving. Large kitchen, inside laundry, and attached garage. Low maintenance aluminum siding, fenced private backyard with patio, alley access, and shed. Large basement that's great for a hangout space, with loads of potential and storage space. Centrally located in

Kelly Culver SMI REAL ESTATE

Showing upon accepted offer to purchase. Please do not disturb the residents.Solid investment opportunity in a prime location. Townhome style duplex located on a cul-de-sac with close proximity to south I-5. Units are 2 bed / 2.5 bath (with main bedroom ensuite bathroom), and 2-car garage; and 2 bed / 1.5 bath with 1-car garage. Constructed in 1977. Units offer garages, driveway parking,

Kelly Culver SMI REAL ESTATE

This adorable, efficient, affordable and secure 2 BR townhouse has been recently updated, offering newer LVP flooring and quartz countertops upstairs and down, along with ceiling fans for your comfort. You'll love the convenient upstairs laundry area next to the fully updated bath. Detached garage with opener and additional deeded carport directly in front of unit. Reasonable HOA fee of $305/mo.

RESI HIND McCully Realty

*** 50K PRICE REDUCTION *** Investment Opportunity - Tri-plex close to downtown and Willamette University. Each unit has updated electrical panel boxes, separate mini split heater/ac units. Has separate 3 car garage/shop. Could possibly be a good owner occupied investment with FHA or VA financing. Owner also willing to negotiate on carrying a contract for buyer. Seller willing to work with buyer

ERIC DIXON PIKES NORTHWEST, INC

This charming and efficient 2BR townhouse offers newer LVP flooring, quartz counters and ceiling fans plus the convenient upstairs laundry area next to the remodeled bath. Detached garage with opener and additional deeded covered parking space directly in front of unit. Reasonable HOA fee of $305/mo. covers water, sewer, garbage, exterior maintenance( roof & siding), gated entrance & landscaping.

RESI HIND MCCULLY REALTY INC

Back on the market - NO FAULT OF HOME OR SELLER. 2 doors, 1 investment! This South Salem duplex is a rare find. Set on a corner lot in the Sprague school district, each unit is tenant-occupied with long-term renters. Recent upgrades include a new roof and gutters (2025), retaining wall (2024), and new water heaters in both units. Conveniently located near Kuebler Rd with easy access to shopping,

Carrie Corcoran Realty One Group Willamette Valley

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

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

Turn-Key Fourplex in Prime Salem Location – Ideal Investment Opportunity!Welcome to 4803, 4813, 4823, and 4833 Future Rd NE – a well-maintained and fully occupied fourplex in a quiet residential neighborhood of northeast Salem. This property features four spacious 2-bedroom, 1-bathroom units, each offering comfortable living spaces, abundant natural light, and private garage parking. Well was

EMILY EVERHART HARCOURTS ELITE

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

This single-level condo offers modern updates with a sleek design. A new roof in 2024 ensures peace of mind that will protect your investment. The kitchen and bathroom are stylish with the recent installation of new cabinets and quartz countertops blending function with a touch of luxury. Fresh exterior paint in 2021 gives this condo great curb appeal and well-maintained appearance. Great for

JERRY GLESMANN Berkshire Hathaway HomeServices Real Estate Professionals

Single-level condo offers modern updates w/a sleek design. New roof in 2024 ensures peace of mind that protects your investment. The kitchen & bathroom are stylish w/recent installation of new cabinets & quartz countertops blending function w/a touch of luxury. Fresh exterior paint in 2021 gives condo great curb appeal & well-maintained appearance. Great for individuals looking for low

JERRY GLESMANN BERKSHIRE HATHAWAY HOMESERVICES R E PROF

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.

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

Solid investment opportunity with an available 4.65% rate and soon to be new roof! Just a few blocks from Willamette University, Bush Elementary, and the Amtrak station, this property offers unbeatable convenience and strong rental potential. The main level generates $2,200 monthly, while the finished basement brings in $1,300, creating steady income from day one. With its prime location,

Sabrina James SMI REAL ESTATE

Worth another look! Updated price reflects brand new exterior paint, fencing & repairs-this is a true turnkey 4-unit investment. Fully rented with solid residents. Purpose-built with 14 beds, 8 baths total, newer roof, fiber cement siding, on-site laundry & ample parking. Low-maintenance, low-expense property in a convenient location with great cash flow & market upside. Rare unit mix: (3) 4-bed

Sue Long KELLER WILLIAMS REALTY MID WILLAMETTE

INVESTMENT OPPORTUNITY 16 unit apartment. Currently being built. Single story. 3/2 each unit. 4-4plex style buildings. Premium finishes. Desirable location in South Salem. Attached garage. Laundry room in each unit. Covered deck out back. Completion November 2025. Walk through only upon scheduled request.

David Wiggers SMI REAL ESTATE

This 0.87 acre prime investment opportunity in desirable Keizer. Each lot you are able to build a DUPLEX, TRIPLEX or QUADPLEX. Close to schools, shopping and the interstate, these four vacant flat parcels offer a canvas for your vision. They are ready for development, ideal for developers or builders. SDC fee discounts may apply for 3985 Pleasant View. Utilities at the street. Buyer to conduct

BRYAN HUGHES WORKS REAL ESTATE