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 • CIELO DEL ROSARIO • Contact: Cell: 971-506-2263
Price cut: $25K (7/18)
$325,000
2328 State St, Salem, OR 97301
6beds
3baths
2,892sqft
Duplex
Built in 1913
-- sqft lot
$318,000 Zestimate®
$112/sqft
$-- HOA
What's special
Partially fenced yardScenic mill creekUnique urban waterfront setting
- 88 days |
- 1,242 |
- 62 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
CIELO DEL ROSARIO Cell:971-506-2263,
Dore,
TIM RIST,
Dore
Source: WVMLS,MLS#: 840111
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: $112/sqft
- Tax assessed value: $419,760
- Annual tax amount: $3,747
- Price range: $325K - $325K
- Date on market: 5/28/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$318,000
$302,000 - $334,000
$1,614/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2026 | Price change | $325,000-7.1%$112/sqft |
Source:  WVMLS #840111 Report a problem | ||
| 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
Payment breakdown
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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
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A local agent can set up tours, give advice and negotiate with sellers.
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