Above $1 Million Salem OR Real Estate, Homes, Condos for Sale

840891 MLS ⋅ 198 Commercial Street BLDG.

Presenting one of Salem's most iconic, beautifully renovated office buildings, ideally positioned in the heart of Salem within the Central Core Business District on one of the highest-trafficked corners in the city. The building features 100% occupancy, Price reduced, 8.6% CAP Rate! Over $2 million in recent renovations, blending historic character with modern upgrades. Anchored by A+ long term State of Oregon tenants, this is a rare opportunity to acquire a stable landmark asset in a prime Salem location!

198 Commercial St Se, Salem

Listing Courtesy of CENTURY 21 NORTH HOMES. 541-350-0690

$1,449,000

5 Beds ⋅ 9 Baths ⋅ 840850 MLS

Exceptional custom home on a beautiful private 5 acre parcel located in the West Salem hills. Beautiful grounds surrounded by mature trees, views of Mt Hood, fenced area, (to keep the deer out!) & 1560 sq ft shop for all the hobbies. This home has a true dual living quarter, the ultimate work out room and flex space. Home features a state-of-the-art geothermal heat system and so much more!

2730 Brush College Rd Nw, Salem

Listing Courtesy of BERKSHIRE HATHAWAY HOMESERVICES R E PROF. Agent: 503-551-6100

$1,350,000

5 Beds ⋅ 3 Baths ⋅ 840728 MLS

SELLER FINANCING AVAILABLE!!! Inquire for details! Tucked into the rolling hills of Salem’s coveted wine country, this beautifully remodeled 5-bedroom, 3-bath estate offers a rare blend of luxury, privacy, and resort-style living on nearly 2 professionally landscaped acres. Just 6 minutes from downtown, this serene retreat feels worlds away. Designed for both elegant entertaining and everyday comfort, the split-level home features a gourmet kitchen with custom cabinetry, granite countertops, full-height backsplash, high-end black stainless steel appliances, built-in beverage fridge, center island with eat bar, and formal dining room. The main living space blends indoor comfort with outdoor living through expansive sliding glass doors and a built-in fireplace. The expansive primary suite is a true sanctuary with it's own private bath, dual vanities, soaking tub, tiled walk-in shower, and direct access to the breathtaking backyard deck. The daylight lower level is built for entertaining with a spacious great room, cozy brick fireplace, full wet bar, dual beverage coolers, and a stunning custom penny-floored wine cellar with handcrafted racks and ambient lighting. Seamless indoor-outdoor flow leads to the patio, pool, and gardens beyond. Outside, enjoy your own private resort featuring an in-ground pool, outdoor kitchen, greenhouse, raised garden beds, lush flower gardens, large shop, detached 3-car garage, and relaxing hot tub. Spend summers hosting unforgettable pool parties and BBQs, while winters become peaceful escapes surrounded by greenery and blooms in the greenhouse. Views of the surrounding woods create a tranquil backdrop, with future potential for Mt. Hood and valley views. Whether enjoying a glass of your favorite refreshment under the stars, working remotely from the bright home office, or simply breathing in the fresh country air, this one-of-a-kind property delivers the ultimate Oregon lifestyle.

4575 Eagle Crest Rd Nw, Salem

Listing Courtesy of EXP REALTY, LLC. Cell: 503-389-0821

$1,075,000

8 Beds ⋅ 5 Baths ⋅ 498919305 MLS

A perfect blend of Elegance, Space and attention to detail. Expansive home with over 6,000 sq ft of thoughtfully designed space great for entertaining and daily living. This beautiful home features 8 bedrooms, 5.5 baths, amazing Theater room. Fm RM, Lv Rm, Bonus Rms, formal & informal dining. Storage spaces are plentiful throughout. Prime location in beautiful SE Salem. New Roof 2026. Sub Zero blt in Kit refrigerator, Dbl ovens, red oak wood floors, wood wrap wainscoting, crown molding, luxury carpet. Well thought-out plan with 2 Furnaces, 2 water heaters, Pantry storage and laundry shut. From the laundry room to the living room, you'll find room for everything. One bedroom is used as an office with blt-in shelves. Lovely plantation shutters. Sweet loft area makes an ideal reading nook. Outdoor sports court and private backyard. Additional storage area off garage. 3 car garage and RV Pad.

5425 WOODMILL SE DR, Salem

Listing Courtesy of Coldwell Banker Mountain West.

$1,470,000

4 Beds ⋅ 4 Baths ⋅ 840120 MLS

Tucked at the end of a private lane on 2 secluded acres, this single-story custom home delivers a rare mix of privacy and convenience — just minutes from town, wrapped in unobstructed countryside views. Sunlight pours through every room, highlighting wide-plank oak floors and a beautifully custom oak kitchen with quality craftsmanship throughout. Step outside to mature oak trees forming a park-like canopy over a producing fruit orchard, garden, and greenhouse. Video tour attached.

752 Macinnes Ln Ne, Salem

Listing Courtesy of EXP REALTY, LLC. CELL: 503-200-7786

$1,350,000

5 Beds ⋅ 2 Baths ⋅ 727264031 MLS

SELLER FINANCING AVAILABLE! Inquire for details! Tucked into the rolling hills of Salem’s coveted wine country, this beautifully remodeled 5-bedroom, 3-bath estate offers a rare blend of luxury, privacy, and resort-style living on nearly 2 professionally landscaped acres. Just 6 minutes from downtown, this serene retreat feels worlds away. Designed for both elegant entertaining and everyday comfort, the split-level home features a gourmet kitchen with custom cabinetry, granite countertops, full-height backsplash, high-end black stainless steel appliances, built-in beverage fridge, center island with eat bar, and formal dining room. The main living space blends indoor comfort with outdoor living through expansive sliding glass doors and a built-in fireplace. The expansive primary suite is a true sanctuary with it's own private bath, dual vanities, soaking tub, tiled walk-in shower, and direct access to the breathtaking backyard deck. The daylight lower level is built for entertaining with a spacious great room, cozy brick fireplace, full wet bar, dual beverage coolers, and a stunning custom penny-floored wine cellar with handcrafted racks and ambient lighting. Seamless indoor-outdoor flow leads to the patio, pool, and gardens beyond. Outside, enjoy your own private resort featuring an in-ground pool, outdoor kitchen, greenhouse, raised garden beds, lush flower gardens, large shop, detached 3-car garage, and relaxing hot tub. Spend summers hosting unforgettable pool parties and BBQs, while winters become peaceful escapes surrounded by greenery and blooms in the greenhouse. Views of the surrounding woods create a tranquil backdrop, with future potential for Mt. Hood and valley views. Whether enjoying a glass of your favorite refreshment under the stars, working remotely from the bright home office, or simply breathing in the fresh country air, this one-of-a-kind property delivers the ultimate Oregon lifestyle.

4575 EAGLE CREST RD, Salem

Listing Courtesy of eXp Realty, LLC.

$1,650,000

4 Beds ⋅ 4 Baths ⋅ 840355 MLS

Accepted Offer with Contingencies. 2021 Fridley built custom tour home. You will not see this floor plan anywhere else. Primary bedroom on the main floor! Walk in shower w/separate cast iron tub & much more. Spacious kitchen w/butler's pantry, 6 burner gas range, & pot filler. Hardwood floors throughout downstairs. Gas or true wood burning fireplace in great room. Office w/built-ins & ladder & antique doors sourced from early 1900s. Separate bonus room located in the secondary upstairs. Covered patio and sports court. Super close to town. Listing agent is related to the seller

2292 Noble Way S, Salem

Listing Courtesy of WINDERMERE PACIFIC WEST PROP. Agent: 503-409-9847

$1,600,000

839767 MLS

This sale-leaseback retail opportunity in Salem features a reliable, passive income stream with long-term, stabilized tenant committed to the location and the business. El Ranchero is a very well-known high volume local business featuring on-site food & beverage, as well as abundant grocery, deli, and retail selections.Pricing offers a 7% CAP rate with NNN structure, 10-year term with options, and flexible lease terms. Tenant will assume responsibility for all on-site maintenance. The business has been there since 2019, anchored by Dollar Tree on a strategic, high-traffic commercial location. The property offers a blend of capital appreciation and immediate risk-adjusted returns for any investor.Updated financials and OM coming soon.Text / Call LA with questions.

2615 Lancaster Dr Ne, Salem

Listing Courtesy of JOHN L. SCOTT-SALEM. 541-514-1779

$1,075,000

7 Beds ⋅ 6 Baths ⋅ 839303 MLS

A perfect blend of Elegance, Space and attention to detail. Expansive home with over 6,000 sq ft of thoughtfully designed space great for entertaining and daily living. This beautiful home features 8 bedrooms, 5.5 baths, amazing Theater room. Fm RM, Lv Rm, Bonus Rms, formal & informal dining. Storage spaces are plentiful throughout. Prime location in beautiful SE Salem. New Roof 2026. Sub Zero blt in Kit refrigerator, Dbl ovens, red oak wood floors, wood wrap wainscoting, crown molding, luxury carpet. Well thought-out plan with 2 Furnaces, 2 water heaters, Pantry storage and laundry shut. From the laundry room to the living room, you'll find room for everything. One bedroom is used as an office with blt-in shelves. Lovely plantation shutters. Sweet loft area makes an ideal reading nook. Outdoor sports court and private backyard. Additional storage area off garage. 3 car garage and RV Pad.

5425 Woodmill Dr Se, Salem

Listing Courtesy of COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.. Direc: 503-851-6300

$2,500,000

5 Beds ⋅ 7 Baths ⋅ 840517 MLS

Tour of Homes luxury estate on acreage with stunning valley views! This exceptional residence showcases exposed beams, curved entryways, and high-end finishes throughout. A single-level layout with a full basement offers excellent dual living potential. Enjoy 5 spacious bedrooms—each an en suite with walk-in closets—along with 2 half baths. The chef’s kitchen is designed to impress, featuring a 60” gas range, oversized island, and a fully equipped butler’s pantry with an additional dishwasher. The lower level is ideal for entertaining with a wet bar complete with mini fridge, ice maker, and dishwasher. Elevated finishes include custom cabinetry, engineered hardwood (waterproof and wear-resistant) and tile flooring throughout—including limestone—natural stone countertops, custom iron railings, and thoughtfully curated lighting and plumbing fixtures. Venetian plaster accents enhance the master shower, range hood, and fireplace, while radiant heated tile floors bring comfort to the upstairs suites. Smart and functional upgrades include Lutron smart home lighting, integrated indoor/outdoor sound, a constant pressure water system with filtration, and a washer/dryer conveniently located in the primary closet.Outdoor living is equally impressive, featuring a covered deck, full outdoor kitchen with a 44” gas range, refrigerator, and pass-through window, gas heaters in the dining area, and an outdoor gas fire table—perfect for year-round enjoyment. The property also offers a hot tub, irrigated landscaping with lighting and raised garden beds, hot/cold outdoor water spigots, and built-in dog kennels with a dedicated dog wash. Additional highlights include a paved asphalt driveway leading to a 1,500 sq ft 3-car garage (mini-split ready and pre-wired), plus an additional 1,200 sq ft of flexible space—ideal for storage, a home office, gym, or more.

5501 Lipscomb St Se, Salem

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

$1,025,000

3 Beds ⋅ 2 Baths ⋅ 838774 MLS

Accepted Offer with Contingencies. Set on 8.66 acres in South Salem, 6582 Liberty Rd S gives you space to spread out now, with AR-2 zoning that may offer the option to divide into smaller parcels for a family compound, or in the future. Live here, enjoy the land, use the outbuildings, and keep the long game in your back pocket. The home began as a one-bedroom cabin. In the 1990s, a new house was built, keeping the original living room of the cabin. The result is a comfortable country home with a rustic thread running through it. It has 3 bedrooms, 2 bathrooms, 2,490 sq. ft., wood touches, territorial views, and that “relax and stay for a while” feeling.Outside is where this place really shines. There is an 80x50 pole barn, an 814 sq. ft. shop, a 782 sq. ft. detached garage with a finished art studio space (needs updating), and a 26x16 barn/storage structure that is unfinished but full of possibility. Think storage, hobbies, creative space, barn use, workshop life, or the kind of setup that keeps everyone’s projects out of the house.Outside, the front and lower pastures are fenced, creating a practical setup for horses or other animals. With usable pasture, barn space, and room for equipment and supplies, the property offers a strong starting point for buyers looking for a small horse property without giving up privacy or proximity to town. Battlecreek runs through the property, and about 3 acres are in forest deferral. The lower pasture is in the floodplain, so it is better suited for open space, seasonal use, and natural beauty than heavy livestock. A well with a 2,500-gallon cistern serves the property.This is the kind of place for the person who wants land with options. A maker, collector, gardener, investor, artist, builder, hobby farmer, or someone who simply wants room to breathe without giving up access to Salem conveniences.Bring your ideas. This property has room for them.Buyer to perform due diligence regarding any intended uses.

6582 Liberty Rd S, Salem

Listing Courtesy of TOMSON BURNHAM, LLC. Direc: 503-428-3239

$1,225,000

4 Beds ⋅ 3 Baths ⋅ 840267 MLS

Your private oasis awaits—perfectly situated just minutes from every amenity imaginable. This fully reimagined single-story home blends modern sophistication with effortless comfort, showcasing custom cabinetry, a chef-inspired gourmet kitchen, and designer finishes throughout. Listing Agent is owner and a licensed Realtor® The tranquil primary suite is a true retreat, thoughtfully designed to evoke relaxation and privacy. Step outside to your own resort-style setting, complete with a custom sports court and beautifully curated outdoor spaces ideal for both entertaining and unwinding. Every detail has been carefully considered, creating a home that is as stunning as it is functional. Whether hosting lively gatherings or enjoying peaceful moments alone, this exceptional property offers the best of both worlds. Owner is a licensed Realtor.

3117 Battle Creek Hollow Ln Se, Salem

Listing Courtesy of SMI REAL ESTATE. 503-704-3031

$1,200,000

5 Beds ⋅ 4 Baths ⋅ 840051 MLS

Stunning! This salt-box style home is one of a kind. Reclaimed floors, beams, and rustic hardware throughout. You'd feel like you were in New England if it weren't for the stunning views of Mt Hood and Mt Jefferson, local vineyards, and the capital building. Three fireplaces, two primary suites, 5 bedrooms, an office, mudroom, beautiful kitchen and tasteful designer colors used throughout the home. Cameras recoding on site.

4725 Eola Dr Nw, Salem

Listing Courtesy of MANOR REALTY. Agent: 503-949-6616

$1,199,000

5 Beds ⋅ 4 Baths ⋅ 840038 MLS

Willamette Riverfront Estate | Modern Farmhouse Elegance on 2.31 Acres with Private Dock, Shop & future ADU Potential. This 5 bedroom with an office space and 3.5 bathroom with 3,713 sq feet was completely torn down to the basement floor and rebuilt in 2023. Privately situated with 125 feet of river frontage with its own private dock, community boat ramp, and a rare blend of seclusion and natural beauty. Exposed architectural beams with a chef's kitchen makes the entire property a dream come true. Spanning approximately 3,713 square feet, the home is masterfully designed to balance grand-scale entertaining with intimate everyday living. Soaring vaulted ceilings, exposed architectural beams, and expansive living spaces are bathed in natural light, creating an atmosphere of understated elegance. At the heart of the home, the chef’s kitchen is a statement in both form and function, featuring premium finishes, an oversized island, and a fully appointed butler’s pantry designed for seamless hosting.The primary suite is a true sanctuary—generously proportioned and thoughtfully appointed with a spa-caliber wet room, complete with a deep soaking tub, walk-in shower, and an expansive custom closet. Throughout the home, bespoke details and unexpected design elements—including a custom-built slide—offer a distinctive blend of refinement and personality.Outdoors, the estate unfolds into a world of possibility. A substantial 1,600-square-foot shop provides exceptional versatility, while existing infrastructure—including dual wells, septic systems, and electrical meters—offers a rare opportunity to create a guest residence or ADU, ideal for multi-generational living or private income potential. The grounds invite a curated micro-farm lifestyle, with a chicken coop and ample space for gardens, orchards, or vineyards.Perfectly positioned within close proximity to Salem, Independence, and Albany, the property offers convenient access to fine dining, boutique shopping, and the acclaimed wineries of the Willamette Valley—while maintaining the privacy and tranquility of a true riverfront escape.A rare offering where design, land, and lifestyle converge—crafted for those who expect nothing less than exceptional.

4468 Fox Ln S, Salem

Listing Courtesy of HOMESMART REALTY GROUP. 503-689-2557

$1,300,000

6 Beds ⋅ 4 Baths ⋅ 682237550 MLS

A very rare opportunity! This property, known as the canyon, has been in the Miller family for over a century!Previously, used as a scenic area to ride horses, host gatherings (has a lrg covered pavilion) hiking and/or hunting! Soscenic w/ majestic old growth trees, abundant wildlife, flowing creeks, a pond, two small cabins and near the entrance, a 33stall stable barn, & two mobile homes. Many locations thru out the property to build your dream home!

10425 EDMUNSON SE DR, Salem

Listing Courtesy of Coldwell Banker Mountain West.

$1,650,000

3 Beds ⋅ 5 Baths ⋅ 839951 MLS

Custom Timbercraft Homes build in sought-after Laurel Crossing! Set on a .25 acre lot, this 4,250 sq ft plan features a dramatic curved “wedding cake” staircase, open great room, studio, and recreation space, plus a chef’s kitchen with full scullery and seamless connection to covered outdoor living. Designed for elevated living with a 3-stop elevator and expansive garages and shop area with over-height RV bay. Exceptional craftsmanship and thoughtful design throughout.

3510 Balm St S, Salem

Listing Courtesy of RE/MAX INTEGRITY - SALEM. Cell: 503-931-8516

$1,300,000

6 Beds ⋅ 4 Baths ⋅ 839684 MLS

Accepted Offer with Contingencies. A very rare opportunity! This property, known as the Canyon, has been in the Miller family for over a century! Previously used as a scenic area to ride horses, host gatherings (has a lrg covered pavilion) hiking & hunting! So scenic w/ majestic old growth trees, abundant wildlife, flowing creeks, pond, 2 small cabins, near the entrance, a 33 stall stable barn & 2 mobile homes. Many locations thruout the property to build your dream home! Apt: 2 bed, 1 ba. Single wide: 2 bed, 1 ba. Doub wide: 2 bed, 1 ba.

10425 Edmunson Dr Se, Salem

Listing Courtesy of COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.. Agent: 503-551-5320

$9,000,000

839814 MLS

Outstanding investment opportunity in the heart of downtown Salem. This well-maintained, three-story Class A office building (with basement) is ideally located near Salem Hospital and Willamette University. Recent upgrades include a new membrane roof and modern HVAC systems. With 130 on-site parking spaces and established tenants like Saalfeld-Griggs Law Firm, Bridgeway Community Health. and Willamette Valley Oral & Maxillofacial, the property offers stability and long-term value.

250 Church St Se, Salem

Listing Courtesy of MOSAR COMMERCIAL PROPERTIES. 971-273-7670

$1,500,000

834132 MLS

Stand alone retail building in Salem with close proximity to The Yard Food Park. Open floor plan ready for tenant specific improvements. Site is ideal for laundry mat, automotive parts store, furniture, grocery, and other retailers.

4058 State St, Salem

Listing Courtesy of MOSAR COMMERCIAL PROPERTIES. 971-273-7670

$1,235,000

4 Beds ⋅ 3 Baths ⋅ 837606 MLS

To be built w/accepted offer. Exceptional custom home by Comfort Homes LLC, #ccb152024! Open concept home with indoor/outdoor living and great entertaining. Tall ceilings w/great light & luxury finishes. Custom kitchen with wonderful island and professional appliances. Luxury primary bath w/ full tiles walk-in shower & XL walk-in shower & XL walk-in closet. Custom gas fireplace w/ built-ins. Extensive use of woodwork, cedar accents and fine details & out. Oversized 3 car garage. LB has ownership interest. Room to build a shop/ADU on property! 5 acres!

Model A Model A Ballyntyne Rd S, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Direc: 503-409-3738

$1,125,000

7 Beds ⋅ 5 Baths ⋅ 807488 MLS

GRAND MOTHER-DAUGHTER HOME! Spectacular brick work on luxurious custom built gated home on 1.21 acre. Impressive spacious marble foyer. Beautiful large kitchen, granite counter tops, tiled backsplash & ss appliances. 7bd 4.5 ba + huge laundry room. Main w/ private deck. Bath w/ jacuzzi tub, dual sinks, walkin closet, bidet & tons of storage. 2 fireplaces,2 offices & oversized 3 car garage. Intercom sys. Lg gazebo & fully fenced yard. Potential for dual living. 3 kitchens. Sellers are builder & LB (spouses). Comfort and amenities for family.

2650 Hoo Doo Dr Nw, Salem

Listing Courtesy of ZINA OVCHINNIKOFF REALTY LLC. Direc: 503-931-1777

$1,499,000

4 Beds ⋅ 4 Baths ⋅ 831382 MLS

There is no other home like this in Oregon. LOW TAXES. South Salem estate on 5+ acres w/ 3,850 sqft custom masonry and steel construction, featuring 12'6" ceilings, a chef's kitchen with a 13-ft island, heated floors throughout - including the 1,600 sqft garage - and a hidden spiral staircase leading to a cigar lounge + additional sqft beyond the 1,100 sqft detached guest space. Unbeatable park-like setting with direct access to Croisan Creek Trails.

4005 Cloudview Dr S, Salem

Listing Courtesy of DORE. Cell: 541-250-1065

$1,350,000

3 Beds ⋅ 3 Baths ⋅ 831179 MLS

Stangeland Winery & Estate Vineyard. Eola-Amity Hills AVA. 3 +/- Acres of Pinot Noir vines & 1 +/- Acre Chardonnay vines. 10 tons average annual production. Vineyard established in 1978. 2,481 sq ft custom house with panoramic views. Fully equipped wine tasting room & winery. Turn key, well established, highly respected business & brand. Some winery equipment included - additional equipment negotiable. Tasting Room has limited hours. Possible to lease winery/tasting room/vineyard.

8500 Hopewell Rd Nw, Salem

Listing Courtesy of LEE REAL ESTATE. Direc: 503-245-9090

$1,730,000

803831 MLS

Commercial IG-zoned property w/multiple income streams: industrial building, detached office & several residential units(duplex & house)Industrial space features forced-air heat, 3-phase power & air piping. Separate ffice includes mini-split & bath. Fully fenced w/rolling gate. Adjacent .21-acre paved lot w/transfer loading dock. Investor or owner-user opportunity. Seller may carry contract. Lease potential. Seller is also willing to sell adjacent parcel w/similar shop, office & home on .33acre-ask agent.

3620 Mainline (&1625 Candlewood) Dr Ne, Salem

Listing Courtesy of REAL BROKER. Agent: 503-949-3087

$1,295,000

4 Beds ⋅ 3 Baths ⋅ 822107 MLS

Fairmount Hill Brick English Provincial Estate on .66 acres. Stunning Lord & Schryver landscape. Pristine original woodwork, vintage paneled library, 3 fireplaces, 2 staircases. Beautiful large bedroom suite, 3 extensive tile bathrooms, Kitchen w/ marble counters & high-end Miele appliances & heated floors. Nooks, wood floors, extensive updates. Basement w/ lrg fam room, wine cellar, wet bar, storage + woodshop area. 2 greenhouses, viewpoint with concrete pavers. Rose gardens, pond. Property of a lifetime.

460 Leffelle St S, Salem

Listing Courtesy of HOMESTAR BROKERS. Direc: 503-999-1516

$2,300,000

20 Beds ⋅ 14 Baths ⋅ 838615 MLS ⋅ 8th St Nw BLDG.

Lovely setting in West Salem, close to shopping and downtown. The cottage-cluster vibe, with 1- and 2-bedroom single-level units, makes these easy renters; all units have off-street parking. Most units have recent updates! Some units have electric fireplace inserts and dish washers. On-site laundry facility.

1254 8th St Nw, Salem

Listing Courtesy of REALTY FIRST DALLAS. Cell: 503-932-4051

$1,420,000

834893 MLS ⋅ 2160-2166 Davcor St Se BLDG.

Accepted Offer with Contingencies. Centrally located flex building with great parking and multiple options for being an owner user as well as obtaining rental income from other tenants. Currently 3,665 SF of vacancy and there is an option for more space. Buyer to do their own due diligence to determine if the property is located in the Oregon Enterprise Zone. Financials and lease information available upon request. Please do notdisturb the tenants.

2160-2166 Davcor St Se, Salem

Listing Courtesy of SMI REAL ESTATE. Cell: 503-884-1273

$1,474,000

4 Beds ⋅ 6 Baths ⋅ 839322 MLS

Chinook Estates, built in 1978, HOA $375 per year. 5.82 acres, includes vegetable garden area. Unparalleled 180 degree views of Cascades, Coast Range, Willamette River & beautiful valley below. Apx. 5379 SF, 4 bds, 4 full & 2 half baths, magnificent turret rm, huge bonus/game/theater/exercise rm or possible separate living area with full bath. Large, private office. All the quality you would expect, stone, hardwood, tile & carpet. Expansive decks with magnificent views. Up to 5 car garage.

3794 E Nanitch Cir S, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Cell: 503-580-1483

$1,500,000

6 Beds ⋅ 9 Baths ⋅ 832944 MLS

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

$2,500,000

4 Beds ⋅ 7 Baths ⋅ 828382 MLS

Accepted Offer with Contingencies. Rare Riverfront Estate in the Heart of Wine Country...Welcome to River Cove Farm! Truly a one-of-a-kind riverfront estate in the Willamette Valley wine country, just minutes from downtown Salem. Set on 19.05 lush acres with Willamette River frontage and a private cove for boat tie-up, this gated property offers abundant privacy and natural beauty. Flexible living areas throughout the property are well-suited for remote work, multi-generational living, or simply spreading out in comfort. Nestled in Willamette Valley wine country, a long, paved driveway winds past pastures and fruit trees to a stately Georgian-style home that exudes timeless elegance from the moment you arrive. The floor plan is designed for comfort and versatility. The main-level primary suite creates a serene retreat with a cozy fireplace and an ensuite bath. Upstairs, additional bedrooms and two full bathrooms provide ample living space. A charming, third floor sun-filled loft with a large closet and half bath offers endless possibilities—ideal as a guest hideaway, children’s bunkroom, or hobby space.Thoughtfully appointed living spaces make this home perfect for both everyday living and special occasions. A refined library with built-ins and a majestic living room capture sweeping views of the grounds, while the elegant kitchen and formal dining room set the stage for memorable gatherings. A fully renovated, expansive recreation room with kitchenette and full bath, connected to the main house via a breezeway, can be used for entertaining or as an in-law unit. A standalone cottage with one bedroom plus an office offers even more dwelling options.Outdoors, the property is a true gardener’s and hobby farmer’s paradise. Relax on the spacious patio and take in the river views, or explore the pastures, fruit trees, and landscaped grounds. A large shop/barn supports a variety of projects, and the delightful, oversized chicken house—adorned with a school bell and accompanied by a fenced chicken yard—adds a touch of storybook charm. Children (and adults) will love ringing the bell when they find fresh eggs.River Cove Farm offers the best of both worlds: a serene, country setting and easy access to all the conveniences and cultural options of downtown Salem.

4698 Wallace Rd Nw, Salem

Listing Courtesy of BLUM REAL ESTATE. Direc: 503-485-1900

$1,648,310

839353 MLS

Prime opportunity to develop near Kuebler and I5 - across from Costco!The property is located on the signalized corner of Kuebler Blvd and Battle Creek RdSE, less than one mile from the I-5 interchange.Public utilities servicing the site include water, stormwater, sanitary sewer, electric and natural gas.Site includes an older 1,974 SF residential home with a detached 484 SF garage andoutbuildings. Property is Within the Salem Airport Opportunity ZoneClose to Salem Clinic, Costco, New Residential and DevelopmentDriveway access off Battle Creek Rd is subject to Buyers Due Diligence.MU-I Zoning with a wide array of possible uses.

4826 Battle Creek Rd Se, Salem

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

$1,075,000

4 Beds ⋅ 3 Baths ⋅ 837166 MLS

A newer cul-de-sac in desired Illahe River Estates. Top-of-the-line custom home by Comfort Homes with warm finishes and beautiful beams throughout. Chef’s kitchen features quartz countertops, large island with storage, industrial-size fridge, 6-burner gas range with griddle, double ovens, and pantry. Main-floor primary suite with shiplap, spa bath, double shower heads, smart features, soaking tub, and marble floors. Upper-level entertaining room with kitchen. Oversized covered patio with outdoor BBQ and large fenced yard. Designed to impress.

4114 Illahe River Ct S, Salem

Listing Courtesy of KELLER WILLIAMS CAPITAL CITY BENSON BROKER GROUP. 503-830-9467

$1,200,000

831000 MLS

Prime development site in Salem, zoned MUIII for high-density mixed-use. Located near I-5, bus lines, schools, shopping, and residential areas, offering strong growth potential. Rare opportunity for investors or developers to build in a rapidly expanding market. Dense with fir trees, possible value in timber. Buyer to do due diligence on approved uses and timber value.

2557 Hummingbird St Ne, Salem

Listing Courtesy of HAVENROSE REAL ESTATE. CELL: 503-400-2771

$2,100,000

832115 MLS

Well-maintained 13,125 SF of cold storage warehouse spaceavailable for sale!Two grade-level loading docks (10' and 14' doors) + mobiledock ramp included.Approximately 12,500 SF of refrigerated warehouseApproximately 3,240 SF of covered storage/loading areaApproximately 625 SF of office space, bathrooms, and acompressor room10 ceiling-mounted evaporators that were replaced in 2020Cooling temp to a low of approximately 25 degrees21.5 Ft Clear Height3 phase power / 240V, 400 AMPS

1400 Salem Industrial Dr, Salem

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

$2,499,000

839105 MLS

Stunning custom office building in the heart of Salem boasts a wealth of premium amenities, including elevator service, a secure underground garage with 10 parking spaces + 22 surface parking spaces, and a custom kitchen. The building features real hardwood floors, a reception area with a fireplace, a workroom/copy room, and numerous offices on all three floors. and multiple conference rooms. With its unique charm and new wrought iron fencing for added security, this one-of-a-kind property offers exceptional opportunity for owner occupant seeking a distinguishedoffice building in the vibrant center of Salem. Current Tenant is planning to relocate.

235 Union St Ne, Salem

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

$1,229,900

5 Beds ⋅ 4 Baths ⋅ 837609 MLS

Custom home TO BE BUILT w/accepted offer by Comfort Homes LLC #152024. Custom plan w/ 2 PRIMARY SUITES, one on each floor! Beautiful custom kitchen, 36" professional appls, quartz counters, wood floors, tiled baths & TWO walk-in showers, 2 laundry areas. Huge covered patios, oversized 3 car garage. Many upgrades throughout. Possibility of buyers making selections. Many different plans & amenities to select from. Room to build a shop/ADU on the 5 acre lot! LB has ownership interest. Conveniently located to all your needs: schools, parks, shopping & easy I5 access!!

Model C Model C Ballyntyne Rd S, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Direc: 503-409-3738

$1,650,000

837402 MLS ⋅ 1348-1366 12th St Se BLDG.

This 10 unit complex was completely renovated in 2017. 100% occupied and attaining solid rents on a good unit mix. In place property management. Assumable financing for a qualified purchaser. Fixed rate at 4.030%. Loan matures in 2032.

1348-1366 12th St Se, Salem

Listing Courtesy of SMI REAL ESTATE. 503-551-8901

$1,249,000

4 Beds ⋅ 3 Baths ⋅ 834519 MLS

Gorgeous Mountain Views & Sunrises out your living, family, dining, kitchen and primary suite! This newer built home has all main living on m level, triple car garage on .3 acres!

3232 Granada Way S, Salem

Listing Courtesy of COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.. Direc: 503-851-5321

$1,500,000

4 Beds ⋅ 3 Baths ⋅ 835780 MLS

Incredible daylight basement style by Perch Homes to be built in prestigious gated Westview Meadows. Classy foyer leads into cathedral vaulted great room with elegant cast stone mantel around gas fireplace. Enjoy beautiful views from GR, DR, Primary and two covered decks! Gourmet island kitchen w/ WIP, Primary retreat w/ private deck, opulent bath and HUGE WIC. See attached plans, too many features.

2200 Perch Dr Nw, Salem

Listing Courtesy of SMI REAL ESTATE. Direc: 503-409-5025

$1,860,000

5 Beds ⋅ 5 Baths ⋅ 837613 MLS

Beautiful custom 1 level home TO BE BUILT w/accepted offer by Comfort Homes LLC #152024. The ultimate dream home & 5 acre property! This stunning single-level home features 5 bedrooms, 3 baths & two 1/2 baths, a game room w/ a bar, Irg pantry and a XL 3-car garage on 5 serene acres. Step inside & fall in love with the gourmet kitchen, complete with high-end appliances, double ovens, and a spacious island. Beautiful flooring, elevated finishes & upgrades throughout! Listing Broker has ownership interest. Room for future shop & adu on property!

Model E Model E Ballyntyne Rd S, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Direc: 503-409-3738

$10,000,000

834441 MLS

Accepted Offer with Contingencies. 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.

4169 Campus Lp Ne, Salem

Listing Courtesy of HOMESMART REALTY GROUP. 503-551-8836

$1,300,000

807787 MLS

Level 1 and 2 environmental studies have been performed, with no results requiring any further level 3 action. Test results are available on request to prospective investors providing confidence this property is ready for future development and easily tailored to their needs. It's convenient central location is mid way between Portland and Eugene off the MLK parkway, one of the few major arteries linking Interstate 5 and the Oregon coast. Refer to #807788 This highly visible side street site not only makes for safe truck access to major thru fares quick and easy, but parallels a railroad spur line to a switch yard offering expanded transportation options. One of the most attractive highlights this property boasts is it's acre's clear level ground with mix of both heavily packed gravel and asphalt pavement. This accommodates either heavy truck traffic or storage, or a sound base for further development. This vast space can be used to fill the local needs of semi truck, RV and boat, or individual storage unit needs. The existing structures can benefit either and or industrial or leased shop space, in conjunction with countless uses of it's open space. Adjacent to one of the paved portions of the property, a truck washing station provides an environmentally friendly oil and water separator. This level concrete station also provides a partitioned off center island once used for above ground fueling needs. The main shop provides a secure tool room, office space, and separate bathrooms. It's direct view from the main entrance makes it ideal for either retail repair or truck maintenance, and is currently equipped with an automotive lift. It's access to 3 phase power accommodates both heavy industrial needs or a prime location for a fabrication shop. The main office is separated by a brick court yard matching it's front entrance and parking area. The rear structure offers offers a high ceiling allow both truck and equipment access. Originally set up as two separate shops the main shop is equipped with a bathroom, office space, and upstairs storage and separate room. The secondary shop has been divided into a third shop space. An adjacent older mobile home has been used used as parts storage and fits the need perfectly. It should be noted all buildings are in usable shape, but should be considered in variable states of disrepair. Overall this property offers an excellent financial opportunity due to its strategic location.

3650 Mainline Dr Ne, Salem

Listing Courtesy of EXP REALTY, LLC. 971-227-9160

$1,700,000

837876 MLS ⋅ 2451-2473 Trade St Se BLDG.

Complete rehab accomplished on this 11-unit complex in 2022. The property is comprised of 9 cottage style units as well as a dual level duplex with attached laundry room. Tot he stud remodel. Renovations include new roof, windows, siding, electrical, plumbing, disposals, water heaters, counter tops, cabinets and flooring.

2473 Trade St Se, Salem

Listing Courtesy of SMI REAL ESTATE. 503-551-8901

$1,200,000

8 Beds ⋅ 7 Baths ⋅ 838864 MLS ⋅ Market St BLDG.

The original cottage cluster consists of six 1 bed, 1 bath units and one 2 bed 1 bath with basement unit. Some units have attached garages. 3 storage garages plus room to park on the blacktop off the ally access. Well maintained units and grounds. Several updates like LVP flooring and some bathroom remodels. All appliances have been updated. This should be an easy keeper!

1735 Market St Ne, Salem

Listing Courtesy of REALTY FIRST LLC. Cell: 503-932-4051

$1,690,000

3 Beds ⋅ 4 Baths ⋅ 838872 MLS

HUGE price reduction! 3,927 SF custom home is the perfect blend of luxury & comfort, set on an expansive 27-acre property that offers both privacy & convenience. Thoughtfully designed w/attention to detail, this home showcases open living spaces & high-end finishes. 3 spacious bedrms, office, & a kitchen designed for gathering & entertaining. Inviting outdoor living space. Massive shop with recreation rm, 4 rollup doors & covered areas. Marketable timber. Cascade School District. See documents for more!

7474 Battle Creek Rd Se, Salem

Listing Courtesy of KNIPE REALTY ERA POWERED. 503-551-0081

$1,074,000

824520 MLS

Sought after 1.21 gross acres on the corner of Madras and Commercial St SE - high visibility near a signalized intersection.Site has a SW slope and contains fill from the adjacent site, the Buyer to complete due diligence of the use and removal of the fill. South Salem is being redeveloped with new businesses and moremultifamily housing. The site is part of the South Gate OverlayZone.

Madras At Commercial St Se, Salem

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

$1,590,000

5 Beds ⋅ 6 Baths ⋅ 837874 MLS

Welcome to this stunning, completely remodeled home in highly sought-after Fairmount Hill! Custom designed to take full advantage of breathtaking views! Boasting 5 spacious bedrooms and 5.5 luxurious baths, every inch of this home has been thoughtfully updated with the highest quality materials and meticulous attention to detail! Primary suite and all primary living on main floor. The chef’s kitchen features top-of-the-line appliances, perfect for everyday living and entertaining guests. See virtual tours.

1835 Alta View Dr S, Salem

Listing Courtesy of RE/MAX INTEGRITY - SALEM. Cell: 503-931-8516

$19,800,000

835938 MLS ⋅ Broadway Professional BLDG.

Owner-User opportunity to purchase the building and occupy all or a portion of theavailable space. The current lease with the city runs through November 2026, allowing for flexibility. Cafe Tenant is also on flexible terms if an owner-user wants to occupy that space. The building is zoned MU3, allowing for a variety of uses.Adjacent properties at 3130 and 3160 Broadway are not included in the sale but could be negotiated into terms.

2850 Broadway St, Salem

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

$7,000,000

836241 MLS

This 90.22-acre “Hog Hill” residential parcel offers a rare opportunity for developers and legacy builders to craft a community within Salem’s city limits. This elevated section boasts flexible RS zoning, completed surveys, and a tentative subdivision plan, positioning it for immediate residential development. This property has two available lots that can be sold separately (Lot 4 - 34.33ac - $3,400,000/ Lot 5 - 55.89ac - $3,600,000).

4620 Gath Rd Se, Salem

Listing Courtesy of TRADITION REAL ESTATE PARTNERS. Cell: 503-939-7099

$1,249,979

4 Beds ⋅ 5 Baths ⋅ 828825 MLS

$40,000 seller credit toward closing costs! This special home on 2.02 acres boasts a detached RV garage and in-law suite, 2 greenhouses with electricity and plumbing, and Generac generator to power the whole house. The grand entry welcomes you into an elegant interior. It includes 3764 square feet of thoughtfully designed space, including a spacious primary suite with a fireplace, 3 other bedrooms, 3.5 baths, 2 offices, a 3-car garage, and an entertaining chef's kitchen. Step outside to the expansive outdoor area, beautifully landscaped and perfect for gardening, relaxation, or outdoor activities. This rare find not only combines luxury living with practical amenities but also offers a vibrant lifestyle. Whether you're entertaining in the spacious kitchen, enjoying the tranquility of your landscaped yard, or accommodating guests in the in-law suite, this property is designed for versatility and enjoyment. Don’t miss out on this dream home!

8623 Blackhawk Ct Se, Salem

Listing Courtesy of EXP REALTY, LLC. 503-507-8971

Browse All Salem OR Above $1M Properties for Sale

Above $1 Million Salem Real Estate