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$365,000
Consisting of five tax lots totaling approximately .53 acres, is ideally situated near I5and boasts urban renewal incentives. With its advantageous location and IC zoningwith Portland/Fairgrounds Overlay, this offering holds immense potential fordevelopment.Urban Renewal allows for a 1:1 match of applicable expenses (see link for details).Example: $600,000 is spent on applicable costs, Buyer can get up to $300,000reimbursed. Buyer to confirm terms and stipulations with the city. Nearby, you'll find the Oregon State Capitol, Salem Convention Center, and Riverfront Park, providing prime access to government, business, and recreational facilities. The area also benefits from the North Gateway Grant Program, offering financial incentives for property improvements and business development. Enjoy a variety of dining options, local shops, and easy access to major transportation routes, including the I-5,just a short distance away.

3005 Portland Rd Ne, Salem

Listing Courtesy of COLDWELL BNKR/COMMERCIAL DIV. Agent: 503-587-4777

$619,900
3 Beds ⋅ 2 Baths
You will love the 2792RH plan! Enjoy 1,677sqft of bright and convenient single-level living on the main floor featuring 3 beds, 2 baths & an inviting open-concept great room. The 1,115sqft lower level offers endless possibilities—finish it with additional bedrooms & kitchen, a home gym, hobby room or whatever fits your lifestyle, or leave it unfinished. Choose from 5 interior finish packages to personalize your home. Great South location! Price reflects unfinished basement. To be built. Option 1: 3 Bedrooms/ 2 bath- Unfinished Basement- $619,900. Option 2: 5 Bedroom/3 bath/ Extra Living Space- Finished Basement- $719,900. Option 3: 5 Bedroom/3 bath/ Kitchen/ Extra Living Space- Finished Basement- $749,900.

5634 Jeremy Valley, Salem

Listing Courtesy of RE/MAX INTEGRITY - SALEM. 541-680-7495

$694,499
3 Beds ⋅ 2 Baths
If you’ve been looking for just the right amount of acreage to spread out and have room for all your toys, but aren’t ready to have to buy a tractor, this might be the place for you. Situated on slightly over 1 acre, this home and property offer just the right amount of space with a touch of charm. All the essentials are on the main floor, including the primary bedroom. Upstairs are two additional bedrooms, secondary bathroom and a sitting area. The covered patio just off the kitchen is the perfect spot to grill up your favorite dinner even in the rain or relax in the hot tub after a long day. Ready for summer nights with friends? There’s plenty of parking, a secondary patio with a peaceful tree-line view and the finished space above the barn is the perfect hang out space, pool room or hobby room. New roof in 2025.

3249 64th Pl Ne, Salem

Listing Courtesy of WORKS REAL ESTATE. Cell: 503-474-8006

$759,960
5 Beds ⋅ 3 Baths
Move-in-ready new construction in Verona Heights, South Salem! This spacious 5-bedroom home features a main-level bedroom with walk-in closet and full bath, plus a semi-formal dining room ideal for entertaining. Enjoy a gourmet kitchen with gas appliances, a 3-car garage, and a fenced backyard with an expansive 20-ft covered deck for year-round outdoor living. Special financing incentives available. No HOA! Sample photos are of a similar home; finishes may vary. An elegant metal and wood staircase leads upstairs to an open loft, centered around four additional bedrooms, including a private primary suite featuring a large walk-in closet, soaking tub and walk-in shower. No HOA. Other plans available/under construction, visit the community model home, located at 2149 Veneta Ave S, to learn more.

5954 Sorrento St S, Salem

Listing Courtesy of SEKISUI HOUSE PNW, INC.. 360-635-2328

$615,000
4 Beds ⋅ 3 Baths
Welcome to a beautifully designed home featuring a unique double staircase and hardwood floors throughout. It’s hard to find a 4-bedroom home with a dedicated office & 3 car garage, but this one has it all! The bright, open floor plan is centered around a chef’s kitchen with ceiling-height cabinetry, a stunning marble backsplash, and a contrasting accent island.The spacious great room offers a warm and inviting atmosphere with a stone fireplace and custom built-in cabinetry. The light-filled primary suite suite features an oversized walk-in closet with a center island, a luxurious travertine shower, and a freestanding soaking tub. Outside, enjoy a large backyard and covered deck—perfect for entertaining.

1774 Settlers Spring Dr Nw, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Cell: 503-510-5326

$565,000
4 Beds ⋅ 3 Baths
Highly sought-after South Salem location! This 2,544 sq ft home checks every box: main-level primary ensuite and a private dedicated office, and upstairs is three huge bedrooms/bonus rooms (two with walk-ins!). Outside discover an entertainer’s dream backyard with a year-round gazebo and included hot tub. Top schools, convenient shopping, and fast freeway access make this home the total package. One of South Salem’s most sought-after neighborhoods, this 2544 sq ft home offers room for everyone and the perfect blend of comfort and convenience. Featuring a private office and primary ensuite on main level, there are 3 large upstairs bedrooms/bonus rooms including 2 rooms with walk-in closets. Incredible backyard oasis with large gazebo for year-around enjoyment, designed for entertaining or quiet evenings in the included hot tub. Top rated schools, quick access to shopping and the freeway, this MOVE-IN ready home offers functionality and a prime location.

5274 Kali St Se, Salem

Listing Courtesy of THE CAIN COMPANY, LLC. Direc: 541-740-8692

$1,500,000
6 Beds ⋅ 9 Baths
Motivated Seller Luxury living meets rare opportunity—with four distinct living areas spanning over 5,000 sq ft, highlighted by heated travertine floors, rich woodwork, granite finishes, gas fireplaces, and a tranquil courtyard with koi pond. Originally built in 1904 and thoughtfully expanded beginning in 2012, this gated estate blends timeless craftsmanship with modern upgrades. The main home includes multiple living areas, while a separate 1,500 sq ft caretaker’s home offers its own kitchen, bedrooms, and living space. A guest suite and additional quarters add even more flexibility—perfect for multi-generational living, rental income, or extended guests.Commercial amenities include a 2,100 sq ft shop with storefront and half bath, a 960 sq ft rear shop, mill house, and loft. The property also offers a 4-car garage, carport, and RV hookups, with the driveway engineered to handle heavy trucks.Zoned General Industrial with a grandfathered residence, this unicorn property offers both luxury living and business potential, with projected rental income of approx. $10,000/month when fully leased. Too much to list here—contact the Listing Agent for a full property report with detailed specs and approved uses.

3795 Blossom Dr Ne, Salem

Listing Courtesy of EXP REALTY, LLC. Cell: 503-428-1741

$799,000
Prime 12-Unit Redevelopment Opportunity in the Heart of SalemUnlock the potential of this strategically located site at 725 Shipping St NE. Currently positioned for a high-density transition, this property offers a rare footprint for a 12-unit residential complex. With Salem’s growing demand for urban housing, this concept maximizes the lot’s efficiency while providing future tenants with unparalleled access to downtown and the I-5 corridor. Key Highlights:- Density & Scale: Optimized site layout for a 12-unit multi-family build.- Strategic Location: Blocks away from local transit, shopping, and major employment hubs.- Infrastructure Ready: Existing utility access simplifies the initial phases of site prep.Market Demand: Perfect for a mix of studios and one-bedroom units to target the local workforce.Mixed-Used (MU-II) zoning has opened up many possibilities for this property. The 5,170 square-foot second story houses a ballroom, restrooms, full bar, kitchen, and storage. The 5,090 square-foot main level contains a "lounge", full bar, offices, kitchen, dining area, restrooms, and meeting rooms. A fenced and graveled storage yard could be used for parking, outdoor dining, food trucks, or new construction. Building is currently leased on a month-to-month basis.Ideas for the existing building include a 12-unit apartment building (site plan has been approved), microbrewery or taphouse, coffee, event center, restaurant, bar, etc. The ballroom is still regularly being used, but the building will require significant improvements to utilize all areas. The Seller is open to a traditional sale and also is open to discussing creative partnerships or development ideas.

725 Shipping St Ne, Salem

Listing Courtesy of KITHKIN REAL ESTATE. 503-930-2786

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.