2

Northeast Neighbors Multifamily Homes & Duplexes for Sale

Section Image
  • /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
  • /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 Northeast Neighbors

Northeast Neighbors in Salem, Oregon, emerged in the 1870s following the establishment of a rail line connecting Salem to Portland. This central neighborhood, just outside downtown, features a mix of historic and updated homes, including Craftsman, Tudor Revival, English cottages, ranch-style, and minimal traditional houses. The area is characterized by its gridded street pattern, sidewalks, and towering Douglas fir and maple trees. While garages are uncommon, street and alley parking are available. The neighborhood is safer than the national average, contributing to its appeal. Key thoroughfares like Market Street, Center Street, and State Street facilitate traffic flow and host commercial strips with dining options such as Joe Mocha Bistro, Patty's Off-Center Café, Word of Mouth Bistro, and Sybil's Omelets. The neighborhood is home to historical institutions like the Oregon State Penitentiary and Oregon State Hospital, and children attend schools in the Salem-Keizer School District. Local parks, including McRae Park and Englewood Park, offer recreational features like a merry-go-round and splash pad, while Barrick Field serves as a venue for baseball games. The State Capitol Building is just 1.5 miles away, enhancing the neighborhood's central location.

Home Trends in Northeast Neighbors, OR

Housing Trends

Median Sale Price
$469,990
Median Single Family Sale Price
$598,829
Median Townhouse Sale Price
$236,000
Median 2 Bedroom Sale Price
$1,122,500
Average Price Per Sq Ft
$281
Number of Homes for Sale
13
Last 12 months Home Sales
33
Months of Supply
4.70
Median List Price
$567,352
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
10%
How to Buy a Home How to Finance a Home How to Sell a Home