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Min
Max
Min
Max
Nearby Schools
OtherElementary School
ParrishMiddle School
North SalemHigh School
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 bathrooms, and an attached garage, and has historically been leased to college students at $625 per bedroom ($2,500 per unit). Current one-year leases expire in June. The property includes a small fenced backyard and offers potential for owner occupancy. Projected 2026 gross income is $60,000, with real estate taxes of $6,783. Landlord pays water, sewer, trash, and landscaping.
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All information is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than LIVING ROOM REALTY are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. Listing content is copyright © RMLS™, Portland, Oregon. Updated: 24th April, 2026 11:23 PM (UTC)
