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Well-Maintained Duplex Investment

1014-101 Arthur Wy NW Salem, OR 97304

New
1014-101 Arthur Wy NW, Salem, OR, 97304
$729,000
For Sale
Claim this Listing
$729,000

MULTI_FAMILY - Salem, OR

Property Size2,400 SF
Lot Size0.24 Acres
Price / SF$303.75
AddedJul 13
Days on Market2
Last RefreshJul 14 at 2:06 pm

Property Features for 1014-101 Arthur Wy NW

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RS
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 1
Patio and Porch features
Patio
Standard status
Active
APN
576969
Size
2,400 SF
Lot size
0.24 Acres

Taxes and HOA fees

Tax Annual Amount
7299

Utilities

Heating system
Zoned, Electric (Heating)

Building Details

Number of units
2
Flooring type
Laminate, Vinyl
Roof type
Composition

Listing agent ANDREA BEYER License #900100236

Listing office COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. 235 UNION ST NE, Salem, OR

Listing date Jul 13, 2026

MLS# 843377 Listing URL

Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This well-maintained duplex offers two residential units designed for privacy and functionality, with both sides featuring quartz countertops and LVP flooring. Recent interior paint and well-kept finishes help support a low-maintenance ownership experience. All appliances are included, and each unit is supported by a spacious floor plan layout.

The property is located in Salem, Oregon within a quiet residential pocket in the West Salem hills area. Zoning is listed as RS.

The duplex sits on a 0.24-acre lot and totals 2,400 square feet of property size, providing a straightforward, income-producing residential configuration for either an investor or an owner-occupant.

Key Highlights

  • Duplex with multiple bedrooms across both units, including four bathrooms total (Bathrooms 1–4).
  • Laminate and vinyl flooring, with LVP flooring noted in both units.
  • Zoned electric heating and a composition roof.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $44.1k $18.36
− Vacancy −$2.9k −$1.20
EGI $41.2k $17.16
− OpEx −$12.4k −$5.15
NOI $28.8k $12.01
2,400 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$411.8K
$360.3K – $480.4K (±1% cap)
NOI $28,824 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$379.2K
$331.8K – $442.4K (±1% cap)
NOI $26,545 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$637.2K
$557.6K – $743.4K (±1% cap)
NOI $44,605 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

HVAC Service Parking Lot & Garage Furniture & Home Goods (Bike/Boat/Book/etc) Store Plumbing Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Law Firm Locksmith Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex for sale with two units, each updated with quartz countertops, LVP flooring, and interior paint.
Where is this duplex located?
The property is located at 1014-101 Arthur Wy NW Salem, OR.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Duplex with multiple bedrooms across both units, including four bathrooms total (Bathrooms 1–4).; Laminate and vinyl flooring, with LVP flooring noted in both units.; Zoned electric heating and a composition roof.
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