1941 Turnage St NW Salem, OR 97304
MULTI_FAMILY - Salem, OR
Property Features for 1941 Turnage St NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RS
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
- Standard status
- Active
- APN
- 263531
- Size
- 2,170 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5308
Utilities
- Heating system
- Electric (Heating)
Building Details
- Number of units
- 2
- Flooring type
- Carpet
- Roof type
- Composition
Listing agent ANDREA BEYER License #900100236 (503) 551-5320
Listing office COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. 235 UNION ST NE, Salem, OR (503) 364-9596
Listing date Jul 13, 2026
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.
The property is located at 1941 Turnage St NW in West Salem, Salem, Oregon 97304. The site is identified as 0.24 acres and is listed under RS zoning.
Additional recorded improvements include a new roof installed in 2017. The total property size is listed as 2,170 square feet.
Key Highlights
- Turnkey West Salem duplex with two 2‑bedroom, 1‑bath units with laundry rooms
- New roof in 2017 and composition roof
- New carpet and floor coverings
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 | $39.8k | $18.36 |
| − Vacancy | −$2.6k | −$1.20 |
| EGI | $37.2k | $17.16 |
| − OpEx | −$11.2k | −$5.15 |
| NOI | $26.1k | $12.01 |
