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$2,950,000
777896544 MLS
Acquire a fully occupied, value-add office investment with riverfront positioning, significant income upside, and excess land in Salem. Located at 2405 Front St NE, the property includes a 23,079 SF elevator-served multi-tenant office building on four parcels totaling approximately 4 acres. Current tenancy is diversified across professional service, healthcare, and nonprofit users.Despite 100% occupancy, the property offers a measurable path to higher income. 2025 annualized NOI of approximately $125,000 grows to approximately $201,000 stabilized NOI based on market rents, supplemental conference-room income, and 5% vacancy assumptions in a 2026 third-party valuation. Less than 14,000 SF is currently represented on the rent roll within the 23,079 SF building, creating additional longer-term upside through incorporation of a common-area load factor as leases roll.The site also offers approximately 1.2 acres of excess land with potential for future development or separate disposition. MU-R and RS zoning, substantial parking, riverfront setting, and proximity to the planned ~$150 million Cannery redevelopment provide additional long-term optionality.The property may appeal to traditional investors seeking in-place income and value-add potential, owner-users considering future occupancy as leases mature, or buyers interested in redevelopment opportunities. Supporting documentation includes BOMA floor plans and a 2026 third-party valuation analysis. Buyer to verify all information, including rentable area, zoning, development potential, and lease terms. Contact listing broker for offering materials or to schedule a tour.

2405 FRONT NE ST, Salem

Listing Courtesy of Good Moves Oregon LLC.

$539,900
3 Beds 4 Baths 844705 MLS
Welcome to Pringle Creek, Salem's acclaimed sustainable agrihood built amid restored orchards, historic glasshouses, and a managed creek. This high-performance LEED Gold home outshines its neighbors: geothermal heating/cooling, tankless water, Andersen wood windows, 50-year roof, custom built-ins, and a tiled walk-in shower. The home invites indoor-outdoor living with three private balconies and french doors opening to a paver patio. The home is steps from trails, gardens, coffee, and Painters Hall. Pringle Creek Community was reimagined from the historic Fairview Training Center grounds into one of Oregon's most thoughtful planned neighborhoods, guided by four principles: stewardship, community, culture, and craft. Roughly 35% of the site remains green space, threaded with walking trails, community gardens, and 1940s-era glasshouses still used for year-round growing. Restored, Pringle Creek runs through the property, and mature fruit orchards (cherries, apples, pears, plums, peaches, and berries) reflect the neighborhood's working-land roots. Residents gather at Painters Hall, a solar-powered, net-zero community hall, and at Prismatic, the on-site coffee shop and event space.Sustainability is engineered in, not added on: a community geothermal system delivers heating and cooling at roughly four times the efficiency of a gas furnace, pervious pavement filters the majority of stormwater on site, and over 80% of the neighborhood's original tree canopy was preserved during development.This particular home was finished to a higher standard than many of its neighbors. Inside, expect custom built-ins, hardwood floors, casement windows, and Levolor up/down shades throughout. The primary suite offers a walk-in closet and a tiled walk-in shower. Outdoor living is a highlight, with three private decks/balconies plus a 19x19 paver patio.Mechanically, the home includes a tankless water heater, Andersen wood windows and exterior doors, multi-zone climate control, and a 50-year roof. Buyers should confirm current HOA dues ($188.20) and amenities, and details on the geothermal special assessment ($44.35) with the listing agent. Neighborhood trash service is included. Located minutes from downtown Salem with easy access to South Salem schools and Salem Hospital.

1892 Cousteau Lp Se, Salem

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

$864,900
3 Beds 3 Baths 840593 MLS
Welcome to this immaculate 3-bedroom, 2.5-bath home on 1.63 beautifully landscaped acres in the desirable Macleay area. Thoughtfully maintained and filled with quality finishes, this property offers a wonderful combination of comfortable living, privacy, exceptional storage, and versatile outdoor space.The spacious kitchen features granite countertops, custom cabinetry, stainless steel appliances new in 2025, and a breakfast nook, with a formal dining room nearby for larger gatherings. Hardwood floors add warmth and character, while separate living and family rooms provide plenty of space to relax and entertain. The living room features a cozy gas fireplace, and the large laundry room includes a utility sink and abundant cabinetry. Upstairs, the primary suite features a walk-in closet and beautifully updated bathroom with a custom walk-in shower. Large walk-in attic access provides excellent additional storage.Outside, mature trees and lush landscaping create a peaceful, private setting. An enclosed sunroom provides a comfortable space to relax and enjoy views of the backyard and gardens. The property also features an attached 2-car garage, an impressive 24x40 barn with room for RVs, recreational toys, and equipment, plus a separate 10x16 workshop with 60-amp service. A garden shed, rose and vegetable gardens, blueberries, fruit trees, hose bibs throughout the backyard, and underground sprinklers add to the property's appeal.Pride of ownership is evident throughout, with updated interior and exterior paint, an updated primary bathroom, a new well pump installed in 2022, and a new A/C system installed in 2024. Beautifully cared for inside and out, this special Macleay property offers space, privacy, useful outbuildings, beautiful gardens, and a serene country setting just minutes from town.

3875 Trailblazer Pl Se, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Cell: 503-409-3542

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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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.

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