441 NORWAY STSalem, OR 97301
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.
- Property Type:
MultiFamily
- Architectural Style:
- Bedrooms:
- Bathrooms:
- Dwelling Size:
6,007 Square Feet
- Lot Size:
0.14 Acres
- Lot Description:
- Stories:
2
- Year Built:
2009
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces: 2
Features: Garage
- Area:
_176
- Views:
Territorial
- Schools:
High School(s): North Salem
Middle School(s): Parrish
Elementary School(s): Hoover
- HOA:
- Senior Community:
- Heating:
ForcedAir
- Cooling:
CentralAir
- Appliances:
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
- Foundation:
Slab
- Roof:
Composition