About This Home

This 5-bedroom, 4-bathroom multi-family at 589 Knapp Pl NE in Salem, OR is listed for $495,950 ($162 per sqft). Built in 1936, the home offers 3,065 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1936
  • 0.11 acre lot
  • Fireplace
  • Waterfront

Property Details

3 full, 1 half
1936

Amenities

FireplaceWaterfrontView
Listing 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.

Monthly Cost Estimate

$2,652/mo

20% down · 6.5% · 30 years

Principal$359
Interest$2,149
Insurance$145

Estimates only. Actual payments may vary.

Location

589 Knapp Pl NE

Salem, OR 97301

Knapps add.

Property Details

Flooring

LaminateVinylCarpet

Views

Water

Outdoor Features

Patio

Heating

Electric (Heating)ZonedDuctless (Heating)

Questions & Answers

This 5-bedroom, 4-bathroom multi-family at 589 Knapp Pl NE is listed at $495,950 ($162/sqft). The estimated monthly payment is $2,653 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1936, 0.11 acre lot, Fireplace, Waterfront.

This property is listed by BRIAN MCVAY.

BM

BRIAN MCVAY

Agent at HOMESMART REALTY GROUP - STAYTON

Listed by HOMESMART REALTY GROUP - STAYTON · View on Broker Site

MLS# 844159· Source: Willamette Valley Multiple Listing Service· 85 days on PropertySimple

Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

589 Knapp Pl NE, Salem, OR 97301

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