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    1015 Park Ave NE Salem, OR 97301

    For Sale
    $505,000

    Duplex - Salem, OR

    Type:Duplex
    Property size:
    1,930 SF
    Lot size:
    0.21 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 1015 Park Ave NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    Interior features
    Handicap Amenities
    Accessibility
    Accessible Approach with Ramp
    Size
    1,930 SF
    Lot size
    0.21 Acres

    Building Details

    Year built
    1973
    Number of units
    3
    Architectural style
    Other

    EXP REALTY LLC (888) 814-9613 [email protected]

    Listing agent DAMIAN PAVLOV (888) 814-9613

    Listing date Nov 20, 2025

    MLS# 832651 Listing URL

    Copyright © 2025 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.

    Overview

    Turnkey Duplex in Prime Location

    This turnkey duplex is located in close proximity to shopping centers, restaurants, and freeway access. The property has been fully remodeled and freshly repainted. With a 95%+ occupancy rate, this income-producing property offers immediate rental income from one tenant-occupied unit. The other unit is move-in ready, suitable for either an owner-occupant or additional rental opportunities. The property is located in Salem, Oregon, specifically within Marion County. The lot size is 0.21 acres, and the property encompasses 1930 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0001748
    Latitude
    44.9437736

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    FAQs

    What type of property is this?
    Duplex - Remodeled duplex near amenities, offering immediate rental income potential.
    Where is this duplex located?
    The property is located at 1015 Park Ave NE Salem, OR.
    What is the asking price?
    The asking price for this property is $505,000.
    What are key features of this property?
    This property features: - Turnkey duplex: Move-in/rent-ready condition with recent remodel and fresh paint.; - High occupancy rate (95%+) indicates strong rental demand and income potential.; - Prime location: Enjoy close proximity to shopping, restaurants, and freeway access.
    (888) 814-9613
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    Salem, OR 97301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1015 Park Ave NE Salem, OR 97301
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