Duplex w/ massive potential for sale in downtown Salem. Excellent investment opportunity producing steady income, set along scenic Mill Creek, the partially fenced yard creates a unique urban waterfront setting rarely found in the downtown core. Located near restaurants, shops, government offices & ongoing redevelopment projects, property offers strong long-term upside in one of Salem’s evolving central districts. You can own this versatile property blending historic appeal, location & future potential.
For sale
Listed by: Dore
$350,000
2328 State St, Salem, OR 97301
6beds
3baths
2,892sqft
Duplex
Built in 1913
-- sqft lot
$341,000 Zestimate®
$121/sqft
$-- HOA
What's special
Partially fenced yardScenic mill creekUnique urban waterfront setting
- 34 days |
- 1,679 |
- 96 |
Zillow last checked:
Listing updated:
Listed by:
CIELO DEL ROSARIO Cell:971-506-2263,
Dore,
TIM RIST,
Dore
Source: WVMLS,MLS#: 840111
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Dining room
- Features: Area (Combination)
Heating
- Baseboard
Appliances
- Included: Electric Range, Electric Water Heater, Refrigerator
- Laundry: W/D Hookup
Features
- High Speed Internet
- Flooring: Carpet, Laminate, Wood
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 2,892
- Total interior livable area: 2,892 sqft
Property
Features
- Patio & porch: Covered Deck, Deck, Patio
- Has water view: Yes
- On waterfront: Yes
- Waterfront features: Waterfront
Lot
- Size: 3,920 Square Feet
Details
- Additional structures: Workshop
- Parcel number: 587265
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1913
Utilities & green energy
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $121/sqft
- Tax assessed value: $419,760
- Annual tax amount: $3,747
- Price range: $350K - $350K
- Date on market: 5/28/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$341,000
$324,000 - $358,000
$1,986/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Listed for sale | $350,000+169.2%$121/sqft |
Source:  WVMLS #840111 Report a problem | ||
| 11/3/2016 | Sold | $130,000-7.1%$45/sqft |
Source: Public Record Report a problem | ||
| 5/19/2016 | Listed for sale | $139,900$48/sqft |
Source: Keller Williams - Capital City #701933 Report a problem | ||
| 5/19/2016 | Pending sale | $139,900$48/sqft |
Source: Keller Williams - Capital City #701933 Report a problem | ||
| 3/25/2016 | Listed for sale | $139,900-3.5%$48/sqft |
Source: Keller Williams Capital City #701933 Report a problem | ||
| 2/17/2016 | Listing removed | $145,000$50/sqft |
Source: Blum Real Estate #694532 Report a problem | ||
| 8/18/2015 | Listed for sale | $145,000+7.4%$50/sqft |
Source: BLUM REAL ESTATE #694532 Report a problem | ||
| 3/11/2014 | Listing removed | $135,000$47/sqft |
Source: Blum Real Estate #668760 Report a problem | ||
| 11/3/2013 | Price change | $135,000-6.9%$47/sqft |
Source: Blum Real Estate #668760 Report a problem | ||
| 9/7/2013 | Listed for sale | $145,000+132.5%$50/sqft |
Source: Blum Real Estate #668760 Report a problem | ||
| 10/5/2010 | Sold | $62,358-61%$22/sqft |
Source: Public Record Report a problem | ||
| 6/5/2010 | Listed for sale | $159,900+27.9%$55/sqft |
Source: REALESTATE.COM OREGON, LLC #628105 Report a problem | ||
| 1/31/2007 | Sold | $125,000$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,748 +7.8% | $182,420 +3% |
| 2024 | $3,477 +3% | $177,110 +6.1% |
| 2023 | $3,375 +2.9% | $166,960 |
| 2022 | $3,281 +2.9% | $166,960 +3% |
| 2021 | $3,187 +3% | $162,100 +6.1% |
| 2020 | $3,094 +3.6% | $152,800 |
| 2019 | $2,985 +1.3% | -- |
| 2018 | $2,947 | -- |
| 2017 | $2,947 +16.3% | -- |
| 2016 | $2,533 | -- |
| 2015 | $2,533 +2.6% | -- |
| 2014 | $2,470 +4.9% | -- |
| 2013 | $2,354 | -- |
| 2012 | $2,354 +4.2% | -- |
| 2011 | $2,260 +4.2% | $120,660 +6.1% |
| 2010 | $2,168 +1.1% | $113,740 |
| 2009 | $2,144 +6% | $113,740 +3% |
| 2008 | $2,022 +3.3% | $110,430 |
| 2007 | $1,958 +1.7% | -- |
| 2006 | $1,927 +2% | -- |
| 2005 | $1,888 -0.4% | -- |
| 2004 | $1,897 +4.9% | -- |
| 2003 | $1,809 +2.5% | -- |
| 2002 | $1,765 +3.1% | -- |
| 2001 | $1,712 +3.2% | -- |
| 2000 | $1,659 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Southeast Salem
Nearby schools
GreatSchools rating
- 5/10Richmond Elementary SchoolGrades: K-5Distance: 0.3 mi
- 5/10Leslie Middle SchoolGrades: 6-8Distance: 2.3 mi
- 5/10South Salem High SchoolGrades: 9-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Marion County
- Salem
- 97301
- Southeast Salem
- 2328 State St
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Nearby neighborhoods
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