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Listing provided courtesy of HOMESMART REALTY GROUP - KEIZER: .

589 Knapp NE

Salem, OR 97301
  • $495,950
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 844159
UPDATED: 91 min ago
$495,950
  • 5
    BEDS
  • 0.11
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 3,065
    SQFT
  • $162
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1936
County:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of HOMESMART REALTY GROUP - KEIZER: . Listing information © 2026 Willamette Valley Multiple Listing Service



Description

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.

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Willamette Valley MLS logo © 2026 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. Data last updated: 2026-09-14T00:08:38.233.

IDX Member: Keller Williams Mid-Willamette
www.suelongrealty.com/homes/179694947
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589 Knapp NE Salem, OR 97301

  • Price: $495,950
  • Status: Active
  • On Site: 41 Days
  • Updated: 91 min ago
  • MLS #: 844159
5
Beds
3
Baths
1
½ Baths
0.11
Acres
3,065
SQFT
$162
$/SQFT
1936
Built
Neighborhood:
Knapps Add.
County:
Marion
Area:
20 CENTRAL SALEM
Elementary School:
Grant
Middle School:
Parrish
High School:
North Salem
Property Description
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.
Exterior Features

Approx Lot Dimensions 36x147 Fenced Yard Partial Foundation Slab Frontage Feet 36 Landscape No Lot Type Dimension Above Outbuildings Shed Patio Patio Roof Composition Siding BlockComposite Siding Style Lap View Water Frontage

Interior Features

Basement DaylightFinishedPartial Bonus Rooms Breakfast Room/NookOfficeOther(Refer to Remarks) Dining Area (Combination) Dishwasher No Disposal No Fireplace Family RoomLiving RoomWood Flooring CarpetLaminateVinyl Heating ElectricZonalDuctless/Mini-Split Laundry W/D Hookup Range Facility Electric Unit Types Flat Unit1 Baths 1.5 Unit1 Bedrooms 3 Unit2 Baths 1 Unit2 Bedrooms 1 Unit3 Baths 1 Unit3 Bedrooms 1 Water Heater Electric

Property Features

Cross Street High Dual Living ADU - Detached Flood Plain Yes Handicap Amenities No High Speed Comm Access Available Home Warranty No Homeowners Association No Association Inspection Report Available No Multifamily Type Triplex New Construction No Possession COE Property Use Type Investment Seller To Do1031 No Sewer City Tax Amount 3899 Tax Years 25-26 Terms Seller Will Consider CashConventional Water City Zoning RS

© 2026 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2026 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. Data last updated: 2026-09-14T00:08:38.233.

IDX Member: Keller Williams Mid-Willamette
 
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Keller Williams Mid-Willamette
201 NW 3rd St
Corvallis OR, 97330
Listing provided courtesy of HOMESMART REALTY GROUP - KEIZER: . Listing information © 2026 Willamette Valley Multiple Listing Service