Property Description

Presenting 310 McNary Ave NW,a multifamily redevelopment opportunity locatedin Salem, Oregon. The offering consists of an existingfour-unit multifamily property and an adjacent parkinglot situated across two tax lots, presenting investors anddevelopers with the opportunity to generate in-placeincome while exploring future development potential. Positioned on approximately 0.51 acres, the propertyoffers excess land that may support additionalmultifamily density, subject to buyer verification. Thesite benefits from its corner positioning, existing pavedparking field, and proximity to major commuter routes,neighborhood amenities, and employment centersthroughout Salem. With existing cash flow and long-term redevelopmentpotential, 310 McNary Ave NW presents a compellingopportunity to acquire a covered land play within anestablished residential submarket. Multiple offers received, all offers due 5pm Wednesday, 6/3/26.

Property Features

Units

Local Schools