OFF MARKET

Off market aug 2021 for $880K

—

Est. refi paymentEst. refi $5,808/mo

•

10 ba

•

4,150

sq ft

2210 State St, Salem, OR 97301

About this home

Rare and exceptional investment property opportunity in prime location near downtown! This 5-unit multifamily property is 100% turn-key & needs nothing! New roof, water heaters in all units, and fence along back all done in 2021. All units come with full kitchen appliance packages AND washer & dryer. Parking for 8 cars including 1 handicap space. Mostly long term tenants in place ranging from 1+ year to 20+ years occupancy. Offers significant rental income upside as it is well below market rent.

Multi-familyProperty Type

2000Year Built

$212Price/Sq.Ft.

Listed by Evan Nelson • eXp Realty, LLC

Contact: evan@the-egroup.com

Bought with Laura Gillott • Keller Williams Realty Mid-Willamette

Redfin checked: a few seconds ago

•Source:RMLS #21429069

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 97301, OR

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.5%

0.5% MoM

Median sale price

$389K

$28K MoM

Avg. days on market

42d

1 days MoM

Recently sold homes

131

7 MoM

New listings for sale

NEW 1 HR AGO
$250,000
2 beds1 bath1,128 sq ft
430 Ford St SE, Salem, OR 97301
OPEN SUN, 1PM TO 3PM
$379,000
2 beds1 bath1,065 sq ft
805 Tierra Dr NE, Salem, OR 97301
Chris Aldrich • Windermere Heritage
NEW 21 HRS AGO
$2,099,000
2 beds9 baths11,363 sq ft
1779 Park Ave NE, Salem, OR 97301
Kevin Nunn • Tradition Real Estate Partners LLC
$58,900
2 beds1 bath1,150 sq ft
4915 Swegle Rd NE #5, Salem, OR 97301
$95,000
3 beds2 baths1,296 sq ft
4995 Wind Stone Way, Salem, OR 97301
Brian Duhrkoop • eXp Realty, LLC
$415,000
3 beds2 baths1,133 sq ft
1742 NE Raywanda Ct, Salem, OR 97301
Robert Edwardsen • Real Broker
$385,000
3 beds2 baths1,467 sq ft
635 NE Blair Ct, Salem, OR 97301
Justine Gamble • Summa Real Estate Group
$95,000
3 beds2 baths1,296 sq ft
4995 Wind Stone Way NE #89, Salem, OR 97301-0000
$349,900
3 beds2 baths1,212 sq ft
4722 Swegle Rd, Salem, OR 97301
Sherry Kruse • Premiere Property Group LLC
$423,000
3 beds3 baths1,680 sq ft
4844 Milo Ave NE, Salem, OR 97301
Diana Rojas • Realty One Group Willamette Valley
See all

Provided by Redfin

Sale history for 2210 State St

Date

Event

Price

RENT. #4

Jul 8, 2024

Rental Removed

$1,450

$0/sq ft

May 28, 2024

Listed for Rent

$1,450

$0/sq ft

May 15, 2024

Rental Removed

$1,450

$0/sq ft

Apr 15, 2024

Listed for Rent

$1,450

$0/sq ft

RENT. #2

May 3, 2024

Rental Removed

$1,450

$0/sq ft

May 1, 2024

Listed for Rent

$1,450

$0/sq ft

Apr 23, 2024

Rental Removed

$1,450

$0/sq ft

Apr 3, 2024

Price Changed

$1,450

$0/sq ft

Feb 23, 2024

Listed for Rent

$1,550

$0/sq ft

RENT. #3

Mar 20, 2024

Rental Removed

$1,550

$0/sq ft

Mar 15, 2024

Listed for Rent

$1,550

$0/sq ft

APPFOLIO #1

Nov 20, 2023

Rental Removed

$1,599

$0/sq ft

Nov 15, 2023

Listed for Rent

$1,599

$0/sq ft

Sep 5, 2023

Rental Removed

$1,599

$0/sq ft

Jul 22, 2023

Price Changed

$1,599

$0/sq ft

RMLS #21429069

Aug 10, 2021

Sold

$880,000

$212/sq ft

Jul 22, 2021

Pending

—

Jul 16, 2021

Listed

$875,000

$211/sq ft

MLSCO #220106955

Jan 29, 2021

Sold

$595,000

$143/sq ft

Dec 5, 2020

Pending

—

Jul 18, 2020

Listed

$650,000

$157/sq ft

Tax history for 2210 State St

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.26 Acres

Year renovated

—

Sq. Ft.

4,150

Year built

2000

Style

Multi-Family (5+ Unit)

County

Marion County

APN

527611

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 31, 2026.

MU-II

Mixed Use-II Zone

The purpose of the Mixed Use-II (MU-II) zone is to identify allowed uses, establish development standards that promote pedestrian-oriented development in vibrant mixed-use districts, and encourage a mix of compatible uses in multi-story buildings.

Permitted uses

Include but are not limited to:

Community / recreation center
Bank
Day care facility
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Housing-Senior
Manufacturing
Office

Property details

Parking

Parking Information
Parking Features: Paved

Interior

Appliances
Hot Water Description: Electricity

Interior Features
Basement: Crawl Space

Multi Unit Information
# Of Units Total: 5

Unit Information
Unit Type: 1, 2, 3, 4, 5

Unit Type 1 Information
Actual Rent: $835
Area: 830
Baths Total: 2
Beds Total: 2
Features: Air Conditioning, Dishwasher, Refrigerator, Washer/Dryer
Units Total: 1

Unit Type 2 Information
Actual Rent: $1,194
Area: 830
BathsTotal: 2
Beds Total: 2
Features: Air Conditioning, Dishwasher, Refrigerator, Washer/Dryer
Units Total: 1

Unit Type 3 Information
Actual Rent: $1,063
Area: 830
Baths Total: 2
Beds Total: 2
Features: Air Conditioning, Dishwasher, Refrigerator, Washer/Dryer
Units Total: 1

Unit Type 4 Information
Actual Rent: $1,009
Area: 830
Baths Total: 2
Beds Total: 2
Features: Air Conditioning, Dishwasher, Refrigerator, Washer/Dryer
Units Total: 1

Unit Type 5 Information
Actual Rent: $950
Area: 830
Baths Total: 2
Beds Total: 2
Features: Air Conditioning, Dishwasher, Refrigerator, Washer/Dryer
Units Total: 1

Exterior

Exterior Features
Exterior Description: Vinyl Siding

Waterfront Information
Waterfront YN: Yes
Waterfront Features: Creek

Lot Information
Lot Size Range: 10,000 to 14,999 SqFt
Lot Size: 10,000 to 14,999 SqFt
Lot Features: Flood Zone, Level
Parcel Number: 527611
Water Body Name: Mill Creek
Road Surface Type: Paved

Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Updated/Remodeled
View YN: Yes
View Description: Creek/Stream

Building Information
Year Built: 2000
Building Area Total: 4,150
Foundation Details: Concrete Perimeter

Financial

Tax Information
Tax Year: 2020
Tax Legal Description: ACRES 0.26
Tax Annual Amount: $7,937.79

Rent Information
Rent Includes: Electricity, Maintenance Grounds, Sewer, Trash Collection, Water

Lease / Rent Information
CAP Rate: 4.8
Gross Rent Multiplier: 14.44

Utilities

Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: Yes
Heating: Mini Split
Cooling YN: Yes
Cooling: Heat Pump

Location

School Information
Elementary School: Richmond
Middle Or Junior School: Leslie
High School: South Salem

Location Information
Directions: 23rd and State st
Unparsed Address: 2210 STATE ST, Salem, OR 97301

Community Information
Zoning: RM2

Public facts

Beds: —
Baths: —
Sq. Ft.: 4,150
Stories: 1.0
Lot Size: 0.26 acres
Style: Multi-Family (5+ Unit)
Year Built: 2000
Year Renovated: —
County: Marion County
APN: 527611

Home facts updated by county records on Aug 31, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

Around this home

Schools

Richmond Elementary School

Public K-5 • Assigned • 0.3mi

5/10

Leslie Middle School

Public 6-8 • Assigned • 2.3mi

5/10

South Salem High School

Public 9-12 • Assigned • 1.4mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Salem’s market is slower, with prices relatively steady and homes taking longer to sell. Sellers need competitive pricing, while buyers may have more time to decide and room to negotiate on price, closing costs, or repairs.
2 weeks ago • Salem
Cristian Martinez
Redfin Premier agent
164 deals
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Climate risks

3/10 Flood Factor

Estimated 11-17% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 92° expected this year, 13 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

12 unhealthy days expected this year, 13 days in 30 years

Provided by First Street

Historical weather

Salem, OR • 97301

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.9 hours in June and 2.1 hours in December, placing it below the U.S. average for solar exposure.

9.9 hrs

2.1 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 2210 State St

Data from public records.

Address	Redfin Estimate
2333 State St, Salem, OR - Beds \| - Baths \| 10208 Sq. Ft.	—
2338 State St, Salem, OR 3 Beds \| 1 Baths \| 1620 Sq. Ft.	$345,763

Address	Redfin Estimate
2178 State St, Salem, OR 2 Beds \| 1 Baths \| 1056 Sq. Ft.	—
2320 State St, Salem, OR 2 Beds \| 1 Baths \| 1200 Sq. Ft.	$277,165

Address	Redfin Estimate
2196 State St, Salem, OR 3 Beds \| 1 Baths \| 1196 Sq. Ft.	$328,278
2299 State St, Salem, OR 4 Beds \| 1 Baths \| 1392 Sq. Ft.	$353,948

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 97301, OR

Sale history for 2210 State St

Tax history for 2210 State St

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 97301

Home values near 2210 State St

More real estate resources