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Listed by Realty Marketing / Northwest

Est. payment - /mo

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6,007 SqFt

Active

441 NORWAY ST Salem, OR 97301

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,007 sqft

MLS Listing ID 480831628

HOA Y/N No

Year Built 2009

Annual Tax Amount $6,783

Tax Year 2025

Lot Size 6,098 Sqft

Property Description

This two-story duplex is being offered as part of a 13-property, 43-unit residential portfolio that is 98% leased and will be sold via Sealed Bid Auction on June 3, 2026. Built in 2009, the duplex is located in NE Salem near NE Broadway with convenient access to I-5, downtown Salem, the State Capitol, and Willamette University. Each unit offers 4 bedrooms, 2 full bathrooms and one half bath, and an attached garage. The duplex has historically been leased to college students at $625 per bedroom ($2,500 per unit). Current one-year leases have been renewed through May 31, 2027. The property includes a small fenced backyard. Projected 2026 gross income is $60,000, with real estate taxes of $6,783. Landlord pays water, sewer, trash, and landscaping.

Location

State OR

County Marion

Area _176

Zoning RM2

Rooms

Basement None

Interior

Heating Forced Air

Cooling Central Air

Exterior

Garage Spaces 2.0

View Territorial

Roof Type Composition

Garage No

Building

Lot Description Level, Public Road

Story 2

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Other

Middle Schools Parrish

High Schools North Salem

Others

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://youtu.be/LaRDuX2qMtI

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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