Investment Opportunity! 3 bedroom home on Mill Creek with over 2000sf 3br/1.5ba. 2 fireplaces. Walk out basement to a patio with firepit creekside. Live in the home and rent the two twin 528sf cottages or rent all three homes for a great return on investment. The Cottages are identical with each having a 1 bedroom, living, kitchen and bath layout. Roofs were all checked out in 2024 and good to go. All units have mini split heat pumps for heat and cool. Don't miss this opportunity as it will go fast.
For sale
Listed by: Homesmart Realty Group - Keizer • BRIAN MCVAY • Contact: Agent: 503-510-6827
$495,950
589 Knapp Pl NE, Salem, OR 97301
5beds
4baths
3,065sqft
Triplex
Built in 1936
-- sqft lot
$489,400 Zestimate®
$162/sqft
$-- HOA
What's special
Patio with firepit creeksideWalk out basement
- 29 days
- 504
- 24
Zillow last checked:
Listing updated:
Listed by:
BRIAN MCVAY Agent:503-510-6827,
Homesmart Realty Group - Keizer,
APRIL MCVAY,
Homesmart Realty Group - Keizer
Source: WVMLS,MLS#: 844159
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Dining room
- Features: Area (Combination)
Heating
- Electric, Zoned, Ductless/Mini-Split
Appliances
- Included: Electric Range, Electric Water Heater
- Laundry: W/D Hookup
Features
- Breakfast Room/Nook, Office, Other(Refer to Remarks)
- Flooring: Carpet, Laminate, Vinyl
- Basement: Daylight,Finished,Partial
- Has fireplace: Yes
- Fireplace features: Family Room, Living Room, Wood Burning
Interior area
- Total structure area: 3,065
- Total interior livable area: 3,065 sqft
Property
Parking
- Parking features: Driveway/1, driveway/1, off street/1
Features
- Patio & porch: Patio
- Fencing: Partial
- Has water view: Yes
- On waterfront: Yes
- Waterfront features: Waterfront
- Frontage length: 36
Lot
- Size: 4,792 Square Feet
- Dimensions: 36 x 147
- Features: Dimension Above
Details
- Additional structures: Shed(s)
- Zoning: RS
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Block, Composite, Lap Siding
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1936
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Knapps add.
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $162/sqft
- Annual tax amount: $3,899
- Price range: $496K - $496K
- Date on market: 8/3/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Total actual rent: 3050
Estimated market value
$489,400
$465,000 - $514,000
$1,569/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Listed for sale | $495,950$162/sqft |
Source: | ||
| 3/22/2019 | Listing removed | $1,395 |
Source: Crown Property Management, Inc. Report a problem | ||
| 3/21/2019 | Price change | $1,395-5.4% |
Source: Crown Property Management, Inc. Report a problem | ||
| 2/7/2019 | Price change | $1,475-3.3% |
Source: Crown Property Management, Inc. Report a problem | ||
| 12/31/2018 | Listed for rent | $1,525 |
Source: Crown Property Management, Inc. Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Central Area
Nearby schools
Schools provided by the listing agent
- Elementary: Grant
- Middle: Parrish
- High: North Salem
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





