Salem Homes under $2 million

Welcome to Salem, a city steeped in rich history and vibrant culture, nestled in the heart of Oregon's Willamette Valley. Known for its picturesque landscapes and friendly community, Salem offers an ideal blend of urban amenities and natural beauty. As the state capital, it boasts a lively downtown area filled with charming shops, eclectic eateries, and cultural attractions, including the Oregon State Capitol and the enchanting Willamette Heritage Center.

For those considering a move to this captivating city, you’ll be pleased to discover a variety of homes available for under $2 million. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Salem's real estate market has something to suit every lifestyle. From cozy bungalows in historic neighborhoods to modern townhomes with stunning views, the options are diverse and inviting.

Families will appreciate the excellent schools, numerous parks, and recreational opportunities that Salem has to offer. With the nearby scenic beauty of the Cascade Mountains and the Oregon Coast, outdoor enthusiasts will find endless opportunities for hiking, biking, and exploring nature.

Investing in a home in Salem means becoming part of a community that values its heritage while embracing growth and innovation. With a range of properties under $2 million, now is the perfect time to explore the possibilities of calling Salem home. Experience the warmth of this charming city, where every street tells a story, and every neighborhood feels like family. Come and discover your dream home in Salem today!

Newest Salem Homes under $2 million

$725,000

6 Beds ⋅ 3 Baths ⋅ 73591802 MLS

A true diamond in the rough and an incredible income-producing opportunity in desirable North Salem, just minutes from major highways and the beautiful North River. This oversized 2-family home offers historic 1800s charm blended with modern essentials — including vinyl siding, replacement windows, separate utilities, paved lot, plenty of parking and an impressive 6–8 bedrooms with 2.5 baths spanning three full floors. The original winding staircase, fireplaces, and period details set the stage for your vision, creativity, and TLC to bring this property back to life. The income potential is exceptional. Live in owner's townhouse style unit and Airbnb the second unit on the first floor or explore additional value-add options such as a 203K renovation loan or condo conversion. The possibilities are truly endless. Homes like this don’t come along often — come see today and unlock the potential of this North Salem money maker! ATTN: Contractors here is your winter project. Property is also crossed listed as a multi family under MLS# 73589214.

4 Upham St, Salem

Listing courtesy of Listing Agent: Jennifer L. Ward from Listing Office: North Shore Realty.

$614,900

3 Beds ⋅ 2 Baths ⋅ 73591645 MLS

Welcome to 3 Bernice Ave in Salem! This raised ranch offers a versatile layout with plenty of opportunity to make the space your own. The main level features comfortable living areas, while the lower level offers additional space and exciting potential for future expansion or a possible Accessory Dwelling Unit (ADU), subject to town approvals, permitting, and buyer due diligence. Enjoy outdoor space with a Brand New deck and convenient access to all that Salem has to offer. Whether you're looking for room to grow, work from home, or explore additional living-space possibilities, this property offers flexibility and potential. Bring your vision and imagine the possibilities!

3 Bernice Ave, Salem

Listing courtesy of Listing Agent: The Cornerstone Group from Listing Office: Team Zingales Realty, LLC.

$360,000

2 Beds ⋅ 1 Baths ⋅ 73591382 MLS

Welcome to 47 Bridge Street, Unit 1! An incredible opportunity to own in the heart of historic Salem! This charming 2-bedroom, 1-bath condominium offers the perfect blend of comfort, convenience, and coastal New England charm. The updated kitchen features stainless steel appliances, while the thoughtfully designed layout and in-unit laundry provide the everyday conveniences today's buyers appreciate. Ideally located just moments from downtown Salem, enjoy easy access to acclaimed restaurants, boutique shopping, waterfront attractions, and commuter options. Whether you're a first-time buyer, looking to downsize, or searching for an investment opportunity, this property offers an exceptional chance to enjoy everything Salem has to offer. Location, lifestyle, and value — all at an attractive price point!

47 Bridge St Unit 1, Salem

Listing courtesy of Listing Agent: Team Lillian Montalto from Listing Office: Lillian Montalto Signature Properties.

$625,000

3 Beds ⋅ 3 Baths ⋅ 73591207 MLS

Located on a quiet tree-lined street, this updated 3-bedroom, 2.5-bath home offers the space and privacy of single-family living with the convenience of a two-unit association—all within walking distance to downtown Salem and the Commuter Rail. Rich in character and charm, the home features a brand-new designer kitchen, all new Andersen windows, original hardwood floors, and crown molding aligned with Salem’s historic architectural details. Enter through the original oval-glass door into a private foyer with built-ins, through the glass French doors into a bright living room. The main level includes a new half bath with reclaimed hardwood flooring. The dining room retains its original built-in china cabinet and flows into the new kitchen, featuring reclaimed hardwood floors, custom tile backsplash, floating shelves, dual pantries with pull-outs, and a coffee station. Directly off the kitchen, enjoy your private deeded deck and yard space—ideal for pets. Upstairs, the second floor offers two bedrooms with a full bath. The primary suite offers double features, the third bedroom big enough for a separate office or media room. Additional updates include high-efficiency multi-zone mini-splits, new water heater, new front porch and porch roof, brand new electric panel and service upgrade and Ring doorbell with rear flood camera. Minutes to all the Downtown Salem amenities including museums, culture, harbor, beaches, restaurants, nightlife, and the hospital. Just 1.5 miles to the Salem Commuter Rail and 3 miles to Beverly train! If you are looking for a neighborhood where the mailman knows your name, in a vibrant cultured City with easy public transit to Boston in turn-key updated home with an A+ location ~ this is a MUST SEE! (easy to show!) Easy to show! Welcome home to Salem (boo!).

5 Bradford Street Unit 1, Salem

Listing courtesy of Listing Agent: Joanne Rodrigues from Listing Office: Redfin Corp..

$650,000

4 Beds ⋅ 2 Baths ⋅ 73590876 MLS

2 Family! Opportunity awaits at 17 Nursery Street in historic Salem! Family-owned for over 50 years, this spacious 10-room, 2,405 sq. ft. 2 family home offers a flexible layout and plenty of potential for an owner-occupant, investor, or multi-generational living. The first-floor unit features a 1+ bedroom layout, while the second and third floors combine to create a spacious 4+ bedroom layout. Outside, enjoy a level 3,441 sq. ft. yard, a detached 2-car garage, and additional off-street parking for approximately 3 vehicles. Spacious dry basement with an additional bathroom, ready for ideas to expand the first level. Situated among well-kept and renovated homes, this property offers a convenient location just steps from McGlew Park and close to the North Street bus line, Bishop Fenwick, downtown Salem, shopping, dining, schools, and area amenities. This property offers the next owner an opportunity to bring their own vision and updates to a generously sized home in one of Salem’s established neighborhoods. Seller has not lived in the property for over 20 years; it is being sold in as-is condition. Do not delay; this will not last even in this market!

17 Nursery Street, Salem

Listing courtesy of Listing Agent: Katie DiVirgilio from Listing Office: RE/MAX 360.

$699,900

3 Beds ⋅ 2 Baths ⋅ 73590687 MLS

Coastal living meets modern comfort in historic Salem! This inviting home combines character, thoughtful updates, and a fantastic North Shore location. Recent improvements include a new 36,000 BTU mini-split system with individual heads in each room, providing efficient heating and cooling throughout the home. A brand-new roof installed in 2026 features four new fixed skylights with solar-powered blinds and remote controls, filling the home with natural light while adding comfort and convenience.Outside, enjoy the backyard and deck, offering plenty of space for relaxing, grilling, entertaining, or simply enjoying time outdoors. The location makes it easy to experience everything Salem and the North Shore have to offer. Spend the day exploring Winter Island, Waikiki Beach, Salem Willows, Collins Cove, scenic waterfront parks, or head into downtown Salem for its restaurants, shops, entertainment, and rich history.With major improvements already completed and beaches, recreation, and downtown Salem nearby, this home offers a wonderful combination of comfort, character, location, and coastal lifestyle.OPEN HOUSES: Saturday, October 24th, 11:00 AM–12:30 PM & Sunday, October 25th, 1:00–2:30 PM

44 Balcomb St, Salem

Listing courtesy of Listing Agent: Bernadette Trafton from Listing Office: LAER Realty Partners.

$789,000

4 Beds ⋅ 2 Baths ⋅ 73590637 MLS ⋅ ['14 Boardman Street Condominium'] BLDG.

Charming Renovated Colonial Townhouse in an Ideal Salem Location! Beautifully situated between Collins Cove & Collins Cove Beach and Salem Common, this spacious, newly renovated four-bedroom, two-full-bath Colonial townhouse offers the perfect blend of classic character, modern updates, and an exceptional location. Set on a quiet side street, yet just moments from downtown, Salem Common, and scenic ocean walks, this inviting home has so much to offer. A welcoming farmer’s porch leads to a lovely entry hall and a bright, open-concept interior featuring hardwood floors throughout, charming brick accents, and distinctive wood ceilings. The spacious living room is full of character, while the bright dining room provides an ideal setting for entertaining. The generously sized, updated kitchen features stainless steel appliances, a gas range, tile backsplash, and ample space for a casual dining area. The first floor is completed by a spacious primary bedroom and a full bath. Upstairs, a versatile family room and dedicated office area provide additional living and work-from-home space, along with three more bedrooms, each offering its own unique charm, and a second full bath. Additional highlights include parking for two cars, abundant basement storage with both private and common areas, and convenient laundry in the walk-out basement. Enjoy the best of Salem living with easy access to peaceful ocean walks and beach, the charm of Salem Common, and the shops, restaurants, and attractions of downtown—all while coming home to a quiet, welcoming neighborhood. A wonderful opportunity to enjoy space, character, and convenience in one special location! 1st showing at OPEN HOUSE Sunday 12 to 1:30!

14 Boardman St Unit 2, Salem

Listing courtesy of Listing Agent: Wendy L. Willis from Listing Office: Keller Williams Realty Evolution.

$840,000

3 Beds ⋅ 2 Baths ⋅ 73590419 MLS

They don't build them like they used to! A North Salem classic ready for new owners, welcome to 15 Larchmont Road. This charming three bedroom, two bathroom colonial is riddled with charm. From the inviting front porch to the old world fire place and the classic built-ins, the details in this home reflect Salem's historic style, but not at the sacrifice of modern convenience. Warm hardwood flooring throughout this home with a layout highly conducive to entertaining, holiday hosting and backyard BBQs. Slate roof and furnace have been annually inspected and maintained, with a new hot water heater installed in 2025. Home was completely rewired in 2015. Located between Salem's MBTA Station and Greenlawn Cemetary, Northfields offers easy access to downtown Salem, Peabody, Beverly and Danvers, restaurants, shopping, parks and walking trails. Move in just in time to for the North Fields Luminaria!

15 Larchmont Rd, Salem

Listing courtesy of Listing Agent: The Alianza Group from Listing Office: Nina-Soto Realty, LLC.

$525,000

3 Beds ⋅ 2 Baths ⋅ 73590308 MLS

Space, character and a townhouse-style layout come together at 39 Linden Street. This 3-bedroom, 1.5-bath condo offers 1,355 square feet of living space on two levels, with high ceilings, hardwood floors and crown moulding adding warmth and architectural character throughout. The flexible floor plan provides room to spread out, while a private basement and attic offer exceptional additional storage. Step outside to your exclusive deck and shared backyard, adding welcome outdoor space. Two-car off-street parking is another hard-to-find convenience. Just a half-mile from Forest River Park, with its beach and public pool, and with a Walk Score® of 80, the location puts so much of Salem within easy reach. A distinctive opportunity for buyers who want more than the typical condo layout, with three bedrooms, generous bonus storage, outdoor space and two-car parking all in one Salem home.

39 Linden St, Salem

Listing courtesy of Listing Agent: The Murray Brown Group from Listing Office: RE/MAX Beacon.

$525,000

3 Beds ⋅ 2 Baths ⋅ 73590103 MLS

39 Linden St, Salem

Listing courtesy of Listing Agent: The Murray Brown Group from Listing Office: RE/MAX Beacon.

$839,000

3 Beds ⋅ 3 Baths ⋅ 73589971 MLS

Tucked away on a sidewalked cul-de-sac in Salem’s Witchcraft Heights neighborhood, this Colonial has been owned by the original owners since it was built in 1996. With three bedrooms and two-and-a-half baths, the home offers a comfortable, traditional layout with an open kitchen and dining area, along with generous living spaces throughout. Upstairs, the primary bedroom is especially spacious, with a walk-in closet and large en suite bath, along with two additional bedrooms and a second full bath. The owners have also invested in several of the home’s major systems, including a new roof and heating/cooling system in 2021 and a new hot water tank in 2026. Outside, the 0.64-acre lot includes a fenced backyard, deck, mature landscaping and a private wooded backdrop, while a front porch and two-car garage under complete the property. Well maintained throughout its ownership, this is a home that has clearly been cared for over the years.

43 Calumet St, Salem

Listing courtesy of Listing Agent: Joe Luciano from Listing Office: RE/MAX Bentley's.

$725,000

6 Beds ⋅ 3 Baths ⋅ 73589214 MLS

A true diamond in the rough and an incredible income-producing opportunity in desirable North Salem, just minutes from major highways and the beautiful North River. This oversized 2-family home offers historic 1800s charm blended with modern essentials — including vinyl siding, replacement windows, separate utilities, paved lot, plenty of parking and an impressive 6–8 bedrooms with 2.5 baths spanning three full floors. The original winding staircase, fireplaces, and period details set the stage for your vision, creativity, and TLC to bring this property back to life. The income potential is exceptional. Live in one unit and Airbnb the second or explore additional value-add options such as a 203K renovation loan or condo conversion. The possibilities are truly endless. Homes like this don’t come along often — come see today and unlock the potential of this North Salem money maker! ATTN: Contractors here is your winter project.

4 Upham St, Salem

Listing courtesy of Listing Agent: Jennifer L. Ward from Listing Office: North Shore Realty.

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