Multi Family homes for sale & real estate in 97302, OR

Multi Family Home for sale in 97302, OR:

Built in 1894 and meticulously restored, the Bishop Building at 145 Liberty St NE in downtown Salem offers over 24,000 sq ft of mixed-use space blending historic charm with modern luxury. The property features eight spacious two-bedroom townhome-style apartments, each 1,500–1,800 sq ft with designer finishes including stainless steel appliances, granite countertops, exposed brick, gas fireplaces, walk-in closets, dual sinks, motorized shades, full-size washers/dryers, and A/C. Multiple commercial spaces are home to quality long-term retail tenants, providing a strong income stream, while a vacant full basement offers value-add potential. Current residential rents ranging from $2,000&n

Multi Family Home for sale in 97302, OR:

Tranquility on a quiet cul-de-sac surrounded by trees. Spacious 2-bdrm, 1-bath units, 1,023 sq ft, are in a well-maintained 4-plex & professionally managed. Each unit has oversized bedrooms, wood-burning fireplace, ample storage, forced air heating, a refrigerator, stove, washer/dryer hook-ups, & a patio or balcony. A detached single-car garage is provided. Located in the Sprague School district, the property features landscaping. All units are currently occupied. Painting of staircase when weather permits.

Multi Family Home for sale in 97302, OR:

Multiple Offers, deadline to submit is 11/25/2025 at 11am. INVESTOR ALERT, an Incredible 4 Plex Opportunity! Rare chance to own a single level four plex on a large 9,583 sq ft lot tucked down a private lane. Close to shopping, bus line, and everyday conveniences. Each spacious 2 bedroom, 1 bath unit is approximately 980 sq ft and includes assigned parking for two cars plus access to a shared laundry room. Three units are currently rented, providing immediate income with room to grow. Solid bones, strong rental history, and an unbeatable price make this an ideal project for investors seeking cash flow and value add potential.

Multi Family Home for sale in 97302, 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,

Multi Family Home for sale in 97302, OR:

This well-located West Salem 6-plex presents a compelling value-add investmentopportunity with immediate income upside. The building has solid bones and is positioned for both cosmetic upgrades and long-term repositioning. With strong rental demand in this established neighborhood, investorscan capture significant upside through renovations, rent adjustments, or a longtermhold with steady appreciation. This 6-plex provides a combination of in-placeincome with clear pathways to enhanced returns.

Multi Family Home for sale in 97302, 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.