441 NORWAY ST, Salem, OR 97301 | MLS #480831628 | Cascade Hasson Sotheby’s International Realty

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Listing provided courtesy of Realty Marketing / NorthwestMLS# 480831628MLS Provider
  • 69 days on site
  • 0 views

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.

Source: Regional MLS, MLS#: 480831628

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  • Property Type
    Residential Income
  • Lot
    0.14 acres

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  • Median Age
    33
  • Population Density
    4,886
  • College Educated
    25%
  • Estimated Median Income
    $45,959
  • Estimated Total Home Owners
    8,297
  • Estimated Total Renters
    11,013
  • Owner / Renter Divide
    43% / 57%
  • Estimated Average Household Size
    3
  • Total Population
    57,194
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
4/21/2026Source: Regional MLS Added to Database
April 21, 2026