Multi Family homes for sale & real estate in 97304, OR

Multi Family Home for sale in 97304, OR:

Multiunit investment opportunity! This townhouse-style fourplex is tucked along a tree-lined street in South Salem by Pringle Creek. Spacious, well-maintained units each offer 2 bedrooms, 1.5 bathrooms, washer/dryer hookups, a private deck, and an attached single-car garage. Low-maintenance landscaping, ample parking, a strong rental history, and low vacancy make this an outstanding investment. New roof in 2020. Two units are below market rent, offering excellent upside potential.

Multi Family Home for sale in 97304, OR:

Don't miss out on this 8 Unit investment opportunity, sitting on a highly trafficked corner in downtown Salem! Property contains (2) retail spaces with solid rental history and (6) well kept & secluded 1 bed/1 bath apartments. Primary retail tenant has been in place for 23 years. Property sits on the busline and is walkable to various downtown amenities. Tenants enjoy a private courtyard, alley access w/ (1) parking space per unit & a shared laundry room. Plenty of rent upside to improve cash flow!PROPERTY SHOWING set for 9/1/26 11am-1pm Seller requests all interested parties view all Interiors prior to accepting an offer. * Unit #1736 rent increases to $875 on 9.1.26. * Unit

Multi Family Home for sale in 97304, OR:

Charm meets convenience with this well-kept duplex located within walking distance of Willamette University! Each unit features beautiful hardwood flooring, spacious fully-fenced backyards with patios, in unit washer/dryer hookups with sinks, and single car garages. Classic brick exterior with many updates including vinyl windows, ductless mini-split heating/cooling, a newer roof and updated plumbing within the past 10 years, and newer garage doors. Located near shopping, schools, I5 access, and more!

Multi Family Home for sale in 97304, OR:

Investment Opportunity! 3 bedroom home on Mill Creek with over 2000sf 3br/1.5ba. 2 fireplaces. Walk out basement to a patio with firepit creekside. Live in the home and rent the two twin 528sf cottages or rent all three homes for a great return on investment. The Cottages are identical with each having a 1 bedroom, living, kitchen and bath layout. Roofs were all checked out in 2024 and good to go. All units have mini split heat pumps for heat and cool.

Multi Family Home for sale in 97304, OR:

Check out this updated duplex in the Grant neighborhood of Salem PRICED TO SELL! Lower level is a 1 bed / 1 bath apartment, main and top floors comprise a 4 bed / 2 bath unit. New heat pump w/ ductless minisplit, updated windows, and W/ D hookups in both units. Great for multigenerational living, or investment purposes. 10%+ CAP pro forma makes this the perfect buy-and-hold, with rent upside. Easy access to downtown, Lancaster & I5.

Multi Family Home for sale in 97304, OR:

Turnkey 6-unit multifamily in Salem's Northeast Neighbors district — 100% occupied, fully documented financials. Several units recently refreshed (new flooring, appliances, paint); in-place rents below market with upside as leases turn. 2025 saw heavy one-time capital investment; 2026 shows strong recovery already underway. Directly across from Parrish Middle School and North Salem High School, within a mile of the Oregon State Capitol, Willamette University, Salem Hospital, and Oregon State Hospital — major, stable employment anchors.