$800,000

429 SE Palomino Ct Sublimity, OR 97385

Estimated payment $4,615/month

Total Views 13,862
6 Beds
4 Baths
2,600 Sq Ft
$308 Price per Sq Ft

Highlights

  • Corner Lot
  • Landscaped
  • 1-Story Property
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

This exceptional duplex investment property is located in the charming small town of Sublimity, Oregon, just minutes from Salem. Built in 2019, the property features 2,614 total square feet (approximately 1,300 Sq. Ft. per/side) on a beautifully landscaped corner lot. Each unit includes:* 3 bedrooms, 2 bathrooms* Open-concept floorplan with modern finishes* Attached 2-car garage* Central Air Conditioning* Luxury Vinyl Plank Floors thought each unit * Natural Gas furnace and water heater* Dishwasher, disposal, refrigerator, and built-in range* Patio* Underground sprinkler systemBoth units are fully leased, generating $2,300 and $2,350 in monthly rent. This is a well-maintained, low-vacancy property with excellent rental history and curb appeal.

Listing Agent

Mike Paluska

Paluska Real Estate Brokerage Phone: 503-585-3249 License #201219516 Listed on: 08/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,486

Year Built

  • Built in 2019

Lot Details

  • 0.25 Acre Lot
  • Landscaped
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Schools

  • Sublimity Elementary And Middle School
  • Stayton High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 357230

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $15,438
  • Gross Income $49,944
  • Net Operating Income $35,507

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,486

Year Built

Built in 2019

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 2019
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: None
  • Total Bedrooms: 6
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level, PublicRoad
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, GarageDoorOpener
  • Attached Garage: No
  • Garage Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Security: None
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping

Schools

  • Elementary School: Sublimity
  • High School: Stayton
  • Middle Or Junior School: Sublimity

Lot Info

  • Zoning: R-1
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 357230

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4486.04

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.02
  • Annual Gross Income: 49944.0
  • Property Net Operating Income: 35507.0
  • Annual Operating Expense: 15438.0

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,486 $352,220 -- --
2023 $4,361 $341,970 $0 $0
2022 $4,063 $332,010 $0 $0
2021 $3,951 $322,340 $0 $0
2020 $3,838 $312,960 $0 $0
2019 $745 $60,810 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 For Sale $800,000 -- $308 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $556,500 First American
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 739104035

Regional Multiple Listing Service (RMLS)

APN: 357230

Oregon Marion County Sublimity 97385

429 SE Palomino Ct, Sublimity, OR

This home is located at 429 SE Palomino Ct, Sublimity, OR 97385 and is currently priced at $800,000, approximately $307 per square foot. This property was built in 2019. 429 SE Palomino Ct is a home with nearby schools including Sublimity Elementary School, Stayton High School, and Regis St. Mary Catholic School.

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.

Regional Multiple Listing Service (RMLS) 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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Listing Agent
Mike Paluska
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Paluska Real Estate
(503) 832-4041