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Leased Duplex near State Capitol Complex 441 Norway St NE 2 Unit Apartment Building $993,040 CAD ($496,520 CAD/Unit) Salem, OR 97301
Investment Highlights
- High Occupancy Investment
- Potential for Owner Occupancy
- Easy Access to I-5, downtown Salem, State Capitol and Willamette University
Executive Summary
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.
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.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 2 | $3,424 CAD | - |
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 584530 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $452,278 CAD |
Property Taxes
Parcel Number
584530
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$452,278 CAD
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Leased Duplex near State Capitol Complex | 441 Norway St NE
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