Salem Homes under $750,000

Welcome to Salem, Oregon—a city rich in history, culture, and natural beauty. Nestled in the heart of the Willamette Valley, Salem is not only the state capital but also a vibrant community that boasts a perfect blend of urban amenities and serene landscapes. With its charming downtown area, filled with boutique shops, delightful eateries, and cultural attractions like the Oregon State Capitol and the Willamette Heritage Center, Salem offers a lifestyle that is both dynamic and inviting.

For those looking to call Salem home, the real estate market presents an array of options, particularly for homes priced under $750,000. This budget opens the door to a variety of charming properties, from quaint bungalows to modern family homes, each showcasing the unique character of the region. Families will appreciate the abundance of parks and recreational opportunities, while young professionals can enjoy the thriving local arts scene and numerous events throughout the year.

Salem's neighborhoods are diverse, catering to different lifestyles and preferences. Whether you desire a home in a bustling community with easy access to amenities or a peaceful retreat surrounded by nature, there is something for everyone. With excellent schools and a strong sense of community, Salem is an ideal place to settle down and create lasting memories.

Explore the possibilities of homeownership in Salem today! With homes under $750,000, you can find the perfect place to start your next chapter in this enchanting city. Your dream home awaits in Salem, where history meets modern living.

Newest Salem Homes under $750,000

$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.

$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.

$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.

$579,900

3 Beds ⋅ 2 Baths ⋅ 73588421 MLS

Some houses just feel good the minute you walk in and 7 Lovett Street is one of them. Built in 1950 and lovingly maintained, this 3-bedroom Salem home offers 1,674 square feet of comfortable living space, a private backyard, and something increasingly hard to find: a first-floor bedroom and full bath.That first-floor living option gives the home terrific flexibility, ideal for guests, multigenerational living, or anyone thinking about how a home might work for them not just today, but years from now.The dining room, with hardwood flooring, offers plenty of room for everyday meals and holiday gatherings, while the first-floor bedroom also features hardwood floors. The kitchen connects easily to the main living spaces and, along with the bathrooms, is ready for the next owner’s ideas and updates. Rather than paying for someone else’s choices, here’s the opportunity to make your own.Two additional bedrooms upstairs provide room for family, guests, a home office, hobbies or whatever life requires next.Outside, the private backyard is manageable enough to enjoy rather than spend every weekend maintaining, with room for gardening, summer dinners, a dog, or simply a good chair and a cup of coffee.Set on a 5,811-square-foot lot, 7 Lovett Street has been well cared for and offers comfortable space, useful flexibility and plenty of potential. Not everything here is brand new and that may be exactly the point. Bring your ideas and create a home that works beautifully for the way you want to live now and in the years ahead. OFFERS DUE 5pm this Tuesday, Oct. 13

7 Lovett St, Salem

Listing courtesy of Listing Agent: Jean-Marie Minton from Listing Office: Keller Williams Realty Evolution.

$499,000

2 Beds ⋅ 2 Baths ⋅ 73588359 MLS ⋅ ['The 270 Lafayette Condominium'] BLDG.

Grand Victorian character, generous living spaces, and a home that's anything but ordinary! Welcome to 270 Lafayette Street, Unit 1, where timeless character meets modern comfort in this spacious first-floor condominium. Set within a handsome 1880s Victorian, this inviting two-bedroom, 1.5-bath home offers 1,261 square feet of light-filled living space. Soaring ceilings, rich period woodwork, graceful columns, and oversized bay and bow windows create rooms filled with warmth and character. The generous living room features a delightful window seat, while an adjoining family room offers flexible space to relax or entertain. A spacious primary bedroom with a decorative fireplace adds another touch of Victorian elegance. The updated kitchen features granite countertops and stainless steel appliances, with an adjacent dining area and access to a private deck. Central air conditioning, three deeded off-street parking spaces, additional basement storage, and access to a common workshop provide exceptional convenience. Ideally located between downtown Salem and Forest River Park, this is a home with history, personality, and plenty of room to make it your own!

270 Lafayette St Unit 1, Salem

Listing courtesy of Listing Agent: Julie Andrews from Listing Office: Keller Williams Realty Evolution.

$699,900

2 Beds ⋅ 3 Baths ⋅ 73588268 MLS ⋅ ['Hawthorne Row'] BLDG.

Tucked just across the bridge from downtown Salem and the commuter rail, Hawthorne Row is a collection of 12 new construction townhomes. Built by respected local firm Rise Design & Build and styled by interior design studio Salt & Stone Co., these homes blend thoughtful design with clean, contemporary design. Each residence offers three levels of living, featuring 2 bedrooms, 2.5 bathrooms, and an open-concept main floor ideal for entertaining. Private balconies, garage parking underneath, and curated finishes throughout add comfort and style to everyday life. Located on a quiet side street just steps from a park and playground, and minutes to Salem’s historic downtown—known for its vibrant restaurant scene, charming shops, and walkable waterfront—Hawthorne Row is perfectly positioned for both convenience and community. This is not just a home—it’s your place in Salem’s story.

9 Franklin Unit 2A, Salem

Listing courtesy of Listing Agent: Dmitriy Khesin from Listing Office: Rise Signature Homes.

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