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Listed by Realty Marketing / Northwest
-
Est. payment /mo
6,007 SqFt
Active
441 NORWAY ST Salem, OR 97301
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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
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