Redwood Hills — Sale in Salem, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Salem, OR 97304

Photos

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Investment Figures

Cap rate
6.12%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Redwood Hills, a well-maintained 16-unit multifamily townhome community located at 420 Flying Squirrel Way NW in West Salem, Oregon. Situated in the highly desirable West Salem submarket within Polk County, the property benefits from strong tenant demand, excellent neighborhood appeal, and a favorable landlord environment compared to larger nearby metropolitan markets. The asset is positioned in a quiet residential cul-de-sac just minutes from downtown Salem, Interstate 5 access, and major regional employment centers, creating strong long-term rental stability. Redwood Hills consists of two-story townhome-style residences originally built in 2000 and updated in 2006, offering an attractive low-density residential setting with established landscaping, mature trees, and green space throughout the community. The community features a 100% two-bedroom, two-bathroom unit mix with approximately 900 square feet per unit, providing highly desirable layouts that support consistent occupancy and long-term tenancy. Each residence offers an open floor plan with combined living, dining, and kitchen areas, vaulted ceilings, gas fireplaces, and a functional two-story layout with a full bedroom and bathroom on each floor, an increasingly attractive feature for roommate living, multigenerational occupancy, and flexible tenant needs. Additional unit amenities include walk-in closets in primary bedrooms, attached single-car garages with off-street parking, private decks overlooking wooded green space, abundant storage, washer and dryer hookups, dishwashers, garbage disposals, and strong overall fit and finish that enhances resident retention. Residents benefit from immediate proximity to major employers including Salem Health, the State of Oregon government offices, and nearby educational institutions such as Willamette University. The property is also located near shopping destinations including Orchard Ridge area retail, Roth’s Fresh Markets,

Market Context

This multifamily in Salem, OR is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Salem, OR — view the full market.

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