About This Home

This 5-bedroom, 8-bathroom residential multi family at 589 KNAPP Pl 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
  • Waterfront

Property Details

8 full
1936

Amenities

WaterfrontViewA/C
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.

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

Salem, OR 97301

Knapps Add

Property Details

Views

Territorial

Heating

ZonedDuctless (Heating)

Cooling

Heat Pump

Questions & Answers

This 5-bedroom, 8-bathroom residential multi family at 589 KNAPP Pl 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, Waterfront.

This property is listed by Brian McVay.

BM

Brian McVay

Agent at HomeSmart Realty Group

Listed by HomeSmart Realty Group · Broker phone: (971) 599-5865 · View on Broker Site · Broker website

MLS# 138316591· Source: Regional Multiple Listing Services· 84 days on PropertySimple

Copyright © 2026 Regional Multiple Listing Services. 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, Salem, OR 97301

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