Multi Family homes for sale & real estate in 97301, OR

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ABOUT THIS HOME
Multi Family Home for sale in 97301, OR:
Fantastic Income Opportunity! Don’t miss this well-maintained 4-plex featuring four 2-bedroom, 1-bath units, perfect for investors or owner-occupants! Three units are currently tenant-occupied, and the fourth is owner-occupied, offering immediate income potential. Each spacious unit includes a comfortable living room, dining area, and a well-equipped kitchen with all appliances and lots of cupboard space. Bedrooms are nicely sized, and the bathrooms feature a convenient tub/shower combo. Enjoy off-street parking, a fenced front yard area, and a shared coin-operated community laundry room for added convenience. Ideally located just minutes from a wide variety of restaurants, shopping,

$650,000

8 beds4 baths3,744 sq ft

664 Thompson Ave, Salem, OR 97301

Off street parking • Dining area • 5,662 sq ft lot

Nick Shivers • Keller Williams PDX Central

ABOUT THIS HOME
Multi Family Home for sale in 97301, OR:
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, versatile layout, and available low rate, this property is a great choice for investors or those looking for multi-generational living.

$495,000

4 beds3 baths2,272 sq ft

315 15th St SE, Salem, OR 97301

6,300 sq ft lot • Built 1901 • Listed 25 days

Listing provided by WVMLS

ABOUT THIS HOME
Multi Family Home for sale in 97301, OR:
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 additional $1,075/month, providing excellent flexibility as a rental, guest space, or private office. Contact listing agent for more details!

$445,000

4 beds2 baths1,200 sq ft

1940 Church St NE, Salem, OR 97301

Modern appliances • Two homes on one lot • Recently renovated

Listing provided by WVMLS

ABOUT THIS HOME
Multi Family Home for sale in 97301, OR:
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. One unit is tenant occupied providing instant rental income while the other side is move in ready and perfect for an owner occupant or additional rental potential.

$510,000

4 beds2 baths1,930 sq ft

1015 Park Ave NE, Salem, OR 97301

Fully remodeled • Tenant occupied • Steady cash flow

Listing provided by WVMLS

ABOUT THIS HOME
Multi Family Home for sale in 97301, OR:
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 old), updated water heaters, new flooring, and ongoing maintenance that shows pride of ownership.

$575,000

4 beds4 baths2,282 sq ft

771 21st St SE, Salem, OR 97301

Newer roof • New flooring • Private entrance

Joe Skipper • eXp Realty, LLC

Property at 308 19th St SE, Salem, OR 97301, 5 beds, 3 baths

$579,900

5 beds3 baths3,161 sq ft

308 19th St SE, Salem, OR 97301

Listing provided by WVMLS

Property at 241 NW 25th St, Salem, OR 97301, 14 beds, 8 baths

$950,000

14 beds8 baths4,292 sq ft

241 NW 25th St, Salem, OR 97301

Susan Long • Keller Williams Realty Mid-Willamette

Property at 3027 D St NE, Salem, OR 97301, 2 beds, 2 baths

$785,000

2 beds2 baths— sq ft

3027 D St NE, Salem, OR 97301

Listing provided by WVMLS

Property at 241 NE 25th (-249) St, Salem, OR 97301, 14 beds, 8 baths

$950,000

14 beds8 baths4,292 sq ft

241 NE 25th (-249) St, Salem, OR 97301

Listing provided by WVMLS

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SHORT SALE

ABOUT THIS HOME
Multi Family Home for sale in 97301, OR:
Quiet residential neighborhood with easy access to everything. Close to bus, shopping, dining, and other amenities. Each unit includes washer and dryer hookups, 1 car attached garage, gas furnace. Large shared open yard in back. Good for owner occupied alternative to condo living while also investing. * * * Please do not disturb tenants - contact your broker to obtain more details * * *

$395,000

4 beds2 baths— sq ft

220 Gardenia Dr, Salem, OR 97303

0.24 acre lot • 2 garage spots • Somewhat walkable

Alice Woodworth • Capstone Real Estate Services

ABOUT THIS HOME
Multi Family Home for sale in 97301, OR:
47 Unit Multi-Family Property in Salem! First time on the market for this amazing complex. Strong historical occupancy, desirable unit count, good location, low-density garden style design, and ample parking on-site. Financials available to qualified parties upon request.

$7,000,000

— beds— baths43,626 sq ft

4169 Campus Lp NE, Salem, OR 97305

2.98 acre lot • Car-dependent

Listing provided by WVMLS

ABOUT THIS HOME
Multi Family Home for sale in 97301, OR:
Built in 2016, this modern duplex offers two 3 bed/2.5 bath units, each 1,211 sq ft. Open-concept layouts feature granite counters, stainless steel appliances, LVT flooring, carpet in bedrooms and private fenced yards. Each side has its own 1-car garage and primary suite w/ walk in closet. Perfect for an owner-occupant wanting rental income or an investor seeking a turnkey property. Low-maintenance construction and a convenient location make this a smart buy.

$639,000

6 beds6 baths2,422 sq ft

3552 Anchor Ct NE, Salem, OR 97305

6,969 sq ft lot • 2 garage spots • Somewhat walkable

Brant McManamon • Legacy Real Estate

ABOUT THIS HOME
Multi Family Home for sale in 97301, OR:
Duplex located in a residential neighborhood convenient to schools, Keizer Station & I-5. Both units have 2 bedrooms, 1 bath, fireplace, fenced backyard and single-car, attached garage.

$499,900

4 beds2 baths1,786 sq ft

2133 Northtree Dr NE, Keizer, OR 97303

9,147 sq ft lot • 2 garage spots • Car-dependent

Ande Hofmann • HomeSmart Realty Group

ABOUT THIS HOME
Multi Family Home for sale in 97301, OR:
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! .

$435,000

4 beds2 baths1,452 sq ft

1455 Waller (A & B) St SE, Salem, OR 97301

5,250 sq ft lot • Very walkable

Listing provided by WVMLS

ABOUT THIS HOME
Multi Family Home for sale in 97301, OR:
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.

$580,000

6 beds3 baths2,208 sq ft

2870 Lancaster Dr NE, Salem, OR 97305

7,840 sq ft lot • Very walkable

Listing provided by WVMLS

Property at 4825 Elvira (& 4827) Pl N, Keizer, OR 97303, 6 beds, 6 baths

$975,000

6 beds6 baths3,749 sq ft

4825 Elvira (& 4827) Pl N, Keizer, OR 97303

Listing provided by WVMLS

Property at 2005 Summer St SE, Salem, OR 97302, 6 beds, 5 baths

$1,100,000

6 beds5 baths5,784 sq ft

2005 Summer St SE, Salem, OR 97302

Listing provided by WVMLS

Property at 4445 Blueberry Ln NE, Salem, OR 97305, 6 beds, 4 baths

$699,999

6 beds4 baths25,265 sq ft

4445 Blueberry Ln NE, Salem, OR 97305

Julia Coates • eXp Realty, LLC

Property at 4845 Buffalo Dr SE, Salem, OR 97317, 6 beds, 2 baths

$490,000

6 beds2 baths2,316 sq ft

4845 Buffalo Dr SE, Salem, OR 97317

Listing provided by WVMLS

Property at 923 S Fir St, Salem, OR 97302, 5604 baths

$799,900

— beds5604 baths3,752 sq ft

923 S Fir St, Salem, OR 97302

Matt Killen • Crown Real Estate Group

Property at 923-945 Fir St S, Salem, OR 97302, 7 beds, 6 baths

$799,900

7 beds6 baths3,752 sq ft

923-945 Fir St S, Salem, OR 97302

Listing provided by WVMLS

Property at 4803 Future Rd NE, Salem, OR 97305, 8 beds, 4 baths

$720,000

8 beds4 baths3,790 sq ft

4803 Future Rd NE, Salem, OR 97305

Listing provided by WVMLS

Property at 1094 15th St SE, Salem, OR 97301, 12 beds, 8 baths

$1,150,000

12 beds8 baths4,980 sq ft

1094 15th St SE, Salem, OR 97301

Listing provided by WVMLS

Property at 1654 Lucinda (-1658) Ave NE, Keizer, OR 97303, 6 beds, 5 baths

$729,927

6 beds5 baths2,680 sq ft

1654 Lucinda (-1658) Ave NE, Keizer, OR 97303

Listing provided by WVMLS

Property at 1117 6th St, Salem, OR 97304, 6 beds, 4 baths

$649,900

6 beds4 baths— sq ft

1117 6th St, Salem, OR 97304

Chris Forrette • Coldwell Banker Mountain West

Multi Family Homes for Sale in 97301

There are currently 9 multi family homes for sale in 97301 at a median listing price of $575K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 97301 stay on the market for 112 days and receive 1 offers. This map is refreshed with the newest listings in 97301 every 15 minutes.

In the past month, 48 homes have been sold in 97301. In addition to houses in 97301, there were also 4 condos, 2 townhouses, and 15 multi-family units for sale in 97301 last month. Find your dream home in 97301 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 97301 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 97301. If you're looking to sell your home in the 97301 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 97301 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Redfin are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Data Last Updated Sat Nov 01 2025

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