Solid investment opportunity. 3 bed / 2.5 bath townhouse style duplex located on a cul-de-sac close to I-5 exit. Property sits between Silverton and Portland Roads which provides tenants easy access to transportation and shopping. Please DO NOT disturb the tenants. Showings with accepted offer to purchase. Tenants pay garbage, gas, electricity and yard care. Additional photos available upon request.
Last Agent to Sell the Property
SMI REAL ESTATE License #201214894 Listed on: 05/06/2025
$465,000
Excellent investment opportunity! Well-maintained duplex in SE Salem offering steady rental income. Each unit features comfortable living areas and private outdoor space. Located in a neighborhood with easy access to shopping, dining, schools, and major commuting routes. Perfect for investors or owner-occupants looking to live in one unit while renting the other. Both units currently occupied
ERIN GARIBAY HomeSmart Realty Group
$465,000
Excellent investment opportunity! Well-maintained duplex in SE Salem offering steady rental income. Each unit features comfortable living areas and private outdoor space. Located in a neighborhood with easy access to shopping, dining, schools, and major commuting routes. Perfect for investors or owner-occupants looking to live in one unit while renting the other. Both units currently occupied
ERIN GARIBAY HOMESMART REALTY GROUP
$489,000
Solid investment opportunity! 3 bed / 1.5 bath townhouse style duplex located on a cul-de-sac, close to I-5. Property sits between Silverton Road and Portland Road which provides tenants with easy access to transportation and shopping. Please do not disturb the tenants. Showing upon accepted offer to purchase.
Chris Salaz SMI REAL ESTATE
$525,000
Accepted Offer with Contingencies. Both units: Painted 2024; custom gutters with guards; new garage doors and openers; roof treated annually; new water heaters in 2025.3634: Complete interior updated June 2025, vacant.3624: Fireplace converted to gas logs
Steve Schmidt LEGEND PROPERTIES
$518,000
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
Melina Tomson TOMSON BURNHAM, LLC
$585,000
Accepted Offer with Contingencies. Great Investment & Well Maintained Tri-Plex Opportunity! 6 bedrooms 4.5 bath Tri-Plex located short distance to Shops, Schools, bus service & I-5. Well maintained units with low turnover. Units offer vaulted ceilings & recent updates include interior paint, vinyl floors & new garage doors with openers. Each unit has fence backyard. Tenants on yearly leases.
EKAETTE UDOSENATA-HARRUNA EXCEL REAL ESTATE
$595,000
Accepted Offer with Contingencies. Rare opportunity to own three homes on one lot! Two 1945-built one-bedroom cottages and one newly built 2-bedroom casita. 635 E was recently renovated and rent went from $575 to $1245! New 2-bedroom unit in finishing stages now. Great opportunity for first time buyers or investors! Great potential or in-law(s) to live in separate, but close home. Each unit has
Kenneth Marshall VINTAGE REALTY NORTHWEST
$535,000
Great opportunity to acquire three 1940's cottages. Live in one and rent the others! Also perfect for in-laws to have their own cottage. New siding, exterior paint and windows! The 2-bedroom cottage at 645 E St also has a new roof (2025), a partially finished basement of 500 +/- SF, plus a single car garage. Hardwood floors give a warm vibe to these units. Each unit has its own washer/dryer
Kenneth Marshall VINTAGE REALTY NORTHWEST
$629,900
Investment property close to downtown and Willamette Univ. Could be a good owner-occupied investment. Home has updated electrical. Each unit has separate mini split ac/heater. All on separate elec. meters. No separate water meter. Has large garage/shop which could be potentially rented for extra. Parking space in front of garage/shop for 3 cars. Tenants in unit 1 to be moved out soon. Tenant in
ERIC DIXON PIKES NORTHWEST, INC
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | Sold | $530,000 | +0.2% | $221 / Sq Ft |
| 05/06/2025 05/06/25 | For Sale | $529,000 | -- | $220 / Sq Ft |
Seller's Agent in 2025
Chris Salaz
SMI REAL ESTATE
(503) 871-0288
2 in this area
21 Total Sales
Buyer's Agent in 2025
Alex Gollersrud
REALTY ONE GROUP WILLAMETTE VALLEY
(503) 400-9080
1 in this area
3 Total Sales
Source: Willamette Valley MLS
MLS Number: 828608
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson