The median home value in Salem, OR is $429,900.
This is
higher than
the county median home value of $370,000.
The national median home value is $308,980.
The average price of homes sold in Salem, OR is $429,900.
Approximately 53% of Salem homes are owned,
compared to 40% rented, while
6% are vacant.
Salem real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Salem real estate agent to arrange a tour today!
Learn more about Salem.
Prime existing use or re-development opportunity located on the Center St corridor just a mile from downtown. Easy access to I-5 via Market St exit and 1/4 mile West of Lancaster Drive. Property is zoned RM2 & sits across fromthe State Hospital & a new housing/apartment development. Over 19,500+ cars are estimated to pass this site daily, based on City of Salem traffic studies from 2022-23. Current lessor/part owner plans to Vacate prior to close date. Perfect owner-user opportunity! Buyer due diligence.
Secure your own hangar at the Salem Airport! Conveniently located off 25th Street SE this prime location offers easy access to I5 and downtown Salem. Recently renewed ground leas with the City of Salem.
Located near Bush Park between Commercial and Liberty this wonderful, converted house to a 1223 SF office building is well suited for an owner-user. On-site and street parking are a big plus. The inside has private offices, conference space, reception area, etc. Very convenient to downtown. PROPERTY HIGHLIGHTS* The best use is for an owner user.* Great South Central Salem Location.* Convenient access and close to downtown and the Capitol buildings.
24 unit all 2 bed 2 bath apartment complex ready to build! Civil permits are in Splash & ready to pull once builder acquires appropriate bond ect. Engineered building plans for complex have been submitted, plan review paid to the city as well as energy study, fire syst design, & Wetlands credit already paid. City will allow 32 UNITS if new plans are submitted as the city has changed the parking requirements which will now allow more than 24 units. Buyer to do their own due diligence. Seller is Agent.
SVN Commercial Advisors is pleased to present 8046 River Rd for sale for the first time in decades. This location is a fantastic opportunity for an owner/user to continue to operate the location as a bar and grill while monetizing the adjoining manufactured home. The current bar and grill operator has a leasehold interest in the commercial property until October 11, 2024. Improvements on the property include a 2,739 SF restaurant/bar and a 2,014 SF 3 bed/2 bath manufactured home
Charming vintage home with lots of character, converted to office use. Could be used for office or retail. 18 parking spaces. Has 3 offices on main level and 3 offices upstairs. Two bathrooms. One on main floor and one on second floor. Finished basement is 1,312 sq. ft. that could be utilized for office or storage.Has wheelchair ramp, accessed from the rear of the property.New bathroom appliances installed in upstairs bathroom.
Incredible updates on this office that features so many modern touches while maintaining its timeless elegance. From LVP flooring to kitchen cabs, SS appliances, floating shelves, lighting, door and trim package, new window, new roof, and tons more, this office has completely been transformed. Main level has 2 offices and 1 full bath while the clean unfinished basement has 448 sq ft for addtl office or storage. Conveniently located in the heart of Salem and low property taxes! Perfect space for business.
Prime S Salem Location at the corner of Commercial & Washington: 2-story home-to-office conversion w/ studio basement apartment w/ own access. Updates include interior/exterior paint, landscaping, flooring, lighting, plumbing, & electrical. New 7-space parking lot w/ ADA entrance. The main level features a reception area, conference rm, new ADA restroom & potential for additional offices/workstations. The 2nd level boasts 3 more offices, restroom & ample storage space. Perfect for owner-user or multi-users! Square Footage Breakdown:First Floor: 1103 SFSecond Floor: 688 SFLower Level (Studio Apartment): 963 SF
See marketing brochure attached for property details See marketing brochure attached for property details
Wonderful opportunity to own this recently fully updated freestanding building on almost an acre of land. 1st floor Ste A is tenant occupied by Personnel Source w/1620 SF of warm shell space ready for a new tenant. 2nd floor Suite B consists of 3 private offices approximately 1295 SF + ADA restrooms on 1st level. 1708 SF basement not included in the total sq ft. Excess property in back of building for parking or would make a great daycare/ preschool property. Abundance of parking. Excellent location. Buyer to complete all due diligence on zoning and allowed uses. Contact listing Brokers for more information and to arrange a showing. Building is also for lease. Please do not disturb the tenants.
Business Opportunity Only - No Real Estate involved. Established restaurant with over 90 seats. High ceiling in very spacious commercial kitchen. 2 walk-in coolers & 1 walk-in freezer. On busy street with ample on-site parking. Full service bar w/ 6 poker machines. Please DO NOT disturb business nor talk with employees. To be shown by appt only.
Great Upside Potential. Investment or Owner/User. Potential for church or non profit? Unique rural location just off of 99E in the Brooks area. Just over an acre of land with private parking and room to grow. This site ensures plenty of space, lobby area, multiple private offices, storage kitchen/break-room, large multi-use reception or media room or reconfigure as needed. Addition on North end added in 2020. Previously occupied and registered through Marion county as a religious organization. Tax exemption goes through the end of the tax current (July 2024) tax year. Contact Marion County Tax Assessors Office for details and more info. Also available for Lease. List agent related to seller.
Great Upside Potential. Investment or Owner/User. Potential for church or non profit? Unique rural location just off of 99E in the Brooks area. Just over an acre of land with private parking and room to grow. This site ensures plenty of space, lobby area, multiple private offices, storage kitchen/break-room, large multi-use reception or media room or reconfigure as needed. Addition on North end added in 2020. Previously occupied and registered through Marion county as a religious organization. Tax exemption goes through the end of the tax current (July 2024) tax year. Contact Marion County Tax Assessors Office for details and more info. Also available for Lease. List agent related to seller.
Attention investors!!!! Zoned MUIII, this prime location could be used as a commercial space or turned back into a residential property. Large flat lot with loads of potential in the back yard. Used as a dance studio for the last 35 years it could continue on that path or possibly yoga, childcare or even an office space. The possibilities are endless.
Distinctive refurbishing of a stately Craftsman. Elevated 195sf front porch gives way to 5 bdx2 ba filled with light. Updated kitchen w/custom cab & ample storage. Upgrades: Roof ('20), water heater ('20), sewer ('22), kitchen ('20), gas furnace ('23), foundation ('24). Mixed use zoning suggests suitability for offices. Fenced, corner lot. Off street parking. Very close to Willamette Univ., state office, capitol, downtown. Very large basement. At C.O.E. seller to provide 1 yr warranty. Also see MLS 813839.
One of a kind, rare property offered at discount. This IG zoned property features two beautiful residential houses, a commercial building, shop and storage building. All recently remodeled or constructed with upgraded finishes on a fully fenced and gated lot. This property is perfect for someone who wants to have your business close to home. Possibly eligible for SBA financing, owner open to carry contract. See associated docs for more info, link above for virtual tours and floor plans. See also MLS#813644
3,572 sq ft. Aircraft Hanger built in 1991 with two bi fold doors located at front and back for easy access great location at Salem Airport with paved access to runways. Sale is subject to land lease with the City of Salem. Buyer to do own due diligence. Listing Agent related to seller.
Prime redevelopment opportunity in West Salem with owner carry option! Potential for a variety of uses, including multi-family housing, apartments, office space, retail shops, cafes & restaurants. Three contiguous parcels totaling around .60 acres. Located within the West Salem Central Business is already zoned for commercial & mixed-use developments. Existing structures (residential homes, a pole building) could either be leveraged in the redevelopment plans or potentially cleared for a fresh start.
Well maintained office /showroomWarehouse is fully insulated and has two gas heaters(2) 12ft roll doors(2) 14ft rolls doors (pull through)Sign post is includedNew metal roof in 2023Personal property including car lift and forklift could be sold separately.Seller is willing to consider Seller financing terms, or selling the front 36,591 SF separate from the back 58,370 SF.
48-acre opportunity in South Salem, neighboring Cinnamon Hill and Sabre Ridge. Recently annexed, RS zone to West and RM2 to the North. Ownership working to determine highest and best use of property, bring ideas. Street and utility stubs at the west & north end, the site is prime for a PUD or subdivision. Two existing dwelling units with multiple outbuildings. Excellent opportunity for investors seeking a well-connected and ready-to-develop property.
48-acre opportunity in South Salem, neighboring Cinnamon Hill and Sabre Ridge. Recently annexed, RS (single family) zone to West and RM2 (multifamily) to the North. Ownership working to determine highest and best use of property, bring ideas. Street and utility stubs at the west & north end, the site is prime for a planned unit development or subdivision. Two existing dwelling units with multiple outbuildings. Excellent opportunity for investors seeking a well-connected and ready-to-develop property.
Downtown office building available. Priced well below replacement cost. Close to State of Oregon offices.
Awesome opportunity to own a cash machine. Most appliances replaced within the last year. New electronic menu boards, remodeled, must see! J's is rated one of the highest in the City of Salem for Teriaki. Lots of potential for owner who would like to operate/work the business. Beer and wine is now served. GI increasing each month through Door dash and other delivery services. Potential all over!
IC zoned. Buildable .54 of acres with 255' of Portland Rd frontage. Surveyed and Platted, property corners are located. Buyer to do their own due diligence with City if Salem. Sale includes 3035,3043,3025,3007 Portland Rd NE.
10 top quality pool tables, 12 TVs, on going pool leagues.New Interior and exterior paint. New Floor coverings. New covered smoking patio.Six Video poker machines. Building is concrete block construction.Property AND/OR the business is for sale.