581 Highland Ave, Salem, OR 97301

Salem
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
581 Highland Ave,Salem, OR 97301
$525,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: michael bivens
Office: bridgetown equity prop llc.
MLS#:487660105
Source:PORTLAND

Price summary

  • Price:$525,000

About this home

Calling all investors—don’t miss this exceptional three-unit multifamily opportunity. This property is ideal for investors looking to expand their portfolio or for an owner-occupant who wants to live in one unit while renting out the other two.All units have been renovated, and the building is fully occupied. The seller currently resides in one unit, with the remaining two secured by leases. Located on a quiet, tree-lined street, the property offers a peaceful and desirable setting.Whether you’re adding to an existing portfolio or purchasing your first investment property, this one delivers. The numbers are strong, with an actual cap rate exceeding 6%.Please submit offers contingent upon a walkthrough. Kindly do not disturb the tenants or walk the property.

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Home facts

  • Year built:1937
  • Listing ID #:487660105
  • Added:51 day(s) ago
  • Updated:March 05, 2026 at 12:22 PM

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1937
  • Lot area:0.08 Acres
  • Lot Features:Level, Trees
  • Foundation Description:Slab
  • Levels:1 Story

Schools

  • High school:North Salem
  • Middle school:Parrish
  • Elementary school:Hammond

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$525,000
  • Tax amount:$4,050 (2025)
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