Owner-Occupied Duplex with
1825-1835 Turnage St NW Salem, OR 97304
For Sale
$589,900
MULTI_FAMILY - Salem, OR
Property Size2,268 SF
Lot Size0.20 Acres
Price / SF$260.10
Days on Market36
Property Features for 1825-1835 Turnage St NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 4
Patio and Porch features
Patio
Standard status
Active
APN
313881
Size
2,268 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
6143
Utilities
Heating system
Wall Furnace, Zoned, Ductless (Heating), Electric (Heating)
Building Details
Year built
2002
Number of units
2
Flooring type
Other (refer to remarks), Carpet, Vinyl
Roof type
Composition
Listing Agency:
HOMESMART REALTY GROUP
(971) 599-5865
Listed By:
BRIAN SMITH
(503) 551-8510
Added: Jun 24
Changed: Jul 28
Last Checked: Jul 29 at 11:06PM
MLS# 841380
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 owner-occupied duplex contains two separate 3-bedroom, 2-bath units. Each unit includes washer/dryer hookups and a spacious interior layout, with the kitchen opening to the great room and a tall, vaulted ceiling. The property also features an oversized attached garage for each unit with extra storage, plus a private fenced backyard.
The home is located near schools, shopping, and services in Salem, Oregon. A new roof was installed in 2024.
With two similar units, the property offers a practical configuration for either continued owner occupancy or rental use, depending on the buyer’s plan.
The home is located near schools, shopping, and services in Salem, Oregon. A new roof was installed in 2024.
With two similar units, the property offers a practical configuration for either continued owner occupancy or rental use, depending on the buyer’s plan.
Key Highlights
- Owner‑occupied duplex with two 3‑bedroom, 2‑bath units
- Each unit includes washer/dryer hookups and a private fenced backyard
- Tall, vaulted ceiling in the kitchen/great room open floor plan
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 | $41.6k | $18.36 |
| − Vacancy | −$2.7k | −$1.20 |
| EGI | $38.9k | $17.16 |
| − OpEx | −$11.7k | −$5.15 |
| NOI | $27.2k | $12.01 |
2,268 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$389.1K
$340.5K – $454.0K
NOI $27,239 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$358.4K
$313.6K – $418.1K
NOI $25,085 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$602.2K
$526.9K – $702.5K
NOI $42,152 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Owner-occupied duplex with two 3-bedroom, 2-bath units, each with washer/dryer hookups, garage storage, and a fenced backyard.
Where is this duplex located?
The property is located at 1825-1835 Turnage St NW Salem, OR.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Owner‑occupied duplex with two 3‑bedroom, 2‑bath units; Each unit includes washer/dryer hookups and a private fenced backyard; Tall, vaulted ceiling in the kitchen/great room open floor plan
