$518,000
$17K PRICE DROP

2806 Livingston (-2808) St NE Salem, OR 97301

Lansing Neighborhood

Estimated payment $3,106/month

Total Views 187,890
4 Beds
2.5 Baths
2,474 Sq Ft
$209 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Home Office
  • Landscaped
  • Living Room with Fireplace
  • Fenced Yard
  • Forced Air Heating System

About This Home

Solid investment duplex in a strong rental market! This well-maintained property features two separately metered units: a spacious 3-bedroom unit estimated to rent for $2,400/month, and a cozy 1-bedroom unit projected at $1,200/month. Current market rents generate a combined $44,400 in annual gross income with tenants covering all utilities except water/sewer. Refer to WVMLS #827762 With a projected cap rate over 5% and cash-on-cash returns approaching 6% by year two (including rent growth and tax benefits), this property offers investors a balanced blend of immediate cash flow and long-term equity growth.Recent upgrades and reliable tenant demand help minimize vacancy, currently averaging just 1% in this area. Located near key commuter routes and local amenities, this is an ideal addition to any rental portfolio—or a perfect opportunity for owner-occupancy with rental income offsetting your mortgage.

Listing Agent

Melina Tomson

TOMSON BURNHAM, LLC License #200311144 Listed on: 04/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,668

Year Built

  • Built in 1952

Lot Details

  • 9,828 Sq Ft Lot
  • Lot Dimensions are 87x105
  • Fenced Yard
  • Landscaped

Parking

  • RV Access or Parking

Home Design

  • Duplex
  • Composition Roof
  • Shingle Siding
  • Cedar Siding

Interior Spaces

  • 2,474 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Vinyl Flooring
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2.5 Bathrooms

Schools

  • Washington Elementary School
  • Waldo Middle School
  • North Salem High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Exclusions: Fridge and Dishwasher
  • Legal Lot and Block 9 / 1

Community Details

Overview

  • 2 Units
  • Davis Subdivision

Building Details

  • Water Sewer Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,668

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Home Warranty: Negotiable
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Solid investment duplex in a strong rental market! This well-maintained property features two separately metered units: a spacious 3-bedroom unit estimated to rent for $2,400/month, and a cozy 1-bedroom unit projected at $1,200/month. Current market rents generate a combined $44,400 in annual gross income with tenants covering all utilities except water/sewer. Refer to WVMLS #827762 With a projected cap rate over 5% and cash-on-cash returns approaching 6% by year two (including rent growth and tax benefits), this property offers investors a balanced blend of immediate cash flow and long-term equity growth.Recent upgrades and reliable tenant demand help minimize vacancy, currently averaging just 1% in this area. Located near key commuter routes and local amenities, this is an ideal addition to any rental portfolio—or a perfect opportunity for owner-occupancy with rental income offsetting your mortgage.
  • Cross Street: Park
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Exclusions: Fridge and Dishwasher
  • Fireplace: Living Room, Wood
  • Refrigerator: Refrigerator Included
  • Flooring: Vinyl
  • Total Bathrooms: 2.5
  • Total Bedrooms: 4
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Bonus Rooms: Office
  • Price Per Sq Ft: 209.38
  • Price Per Sq Ft: 209.38

Exterior Features

  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Cedar, Shingle

Utilities

  • Heating: Gas, Forced Air
  • Water: City
  • Water Heater: Gas
  • Sewer: City
  • Water/Sewer: 1800

Schools

  • Elementary School: Washington
  • Middle School: Waldo
  • High School: North Salem

Lot Info

  • Acres: 0.21
  • Estimated Lot Dimensions: 87x105
  • Estimated Lot Sq Ft: 9828
  • Lot: 9
  • Lot Type: Dimension Above
  • Price Per Acre: 2466666.67
  • Zoning: RS
  • Rvcamper Pad: Area/Room For
  • Property Use Type: Investment, Vacant/Owner-User
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2024-2025
  • Tax Account Number: 570887
  • Tax Amount: 3668

Multi Family

  • Number Of Units: 2

MLS Schools

  • HighSchool: North Salem
  • Middle School: Waldo
  • Elementary School: Washington

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 Price Changed $518,000 -1.3% $209 / Sq Ft
06/16/2025 06/16/25 Price Changed $525,000 -1.9% $212 / Sq Ft
04/24/2025 04/24/25 For Sale $535,000 -- $216 / Sq Ft
Source: Willamette Valley MLS

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Source: Willamette Valley MLS

MLS Number: 828137

Willamette Valley MLS