Well-Maintained Duplex with Private
For Sale
$585,000
2572 Arroyo Ridge - 2574 Ct NW, Salem, OR 97304
MULTI_FAMILY - Salem, OR
Property Size2,723 SF
Lot Size0.20 Acres
Price / SF$214.84
Days on Market30
Property Features for 2572 Arroyo Ridge - 2574 Ct NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Patio and Porch features
Deck
Fireplace
1
Lot features
Cul-de-sac
Elementary school
Kalapuya
Middle school
Walker
High school
West Salem
Directions
Eola, left on Sunwood to Arroyo Ridge
Standard status
Active
APN
356329
Size
2,723 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6994
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1993
Number of units
2
Flooring type
Carpet
Roof type
Composition
Listing Agency:
BLUM REAL ESTATE
(503) 485-1900
Listed By:
GLADYS BLUM
(503) 485-1900
Added: Jul 1
Changed: Jul 28
Last Checked: Jul 30 at 12:06PM
MLS# 842922
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 comfort and day-to-day privacy. The layout includes lower-level bedrooms that provide separation from the main living areas, along with a cozy living room featuring a gas fireplace and vaulted ceilings. Each unit also benefits from a private deck, and the property is supported by low-maintenance landscaping and a level driveway.
Set in the West Salem hills within a quiet, mostly single-family neighborhood, the home is surrounded by mature trees, creating a more private feel while remaining easy to access. The attached garage configuration is split between the two addresses: 2572 includes a single-car garage, while 2574 has a double-car garage. The lot is approximately 0.2 acres, and the total property size is listed as 2,723 square feet.
For buyers seeking an owner-occupant or income-earning setup, the duplex format provides distinct living areas along with practical separation between sleeping and gathering spaces. The attached garage and level driveway add everyday convenience, while the private deck and vaulted living space support comfortable in-home living.
Set in the West Salem hills within a quiet, mostly single-family neighborhood, the home is surrounded by mature trees, creating a more private feel while remaining easy to access. The attached garage configuration is split between the two addresses: 2572 includes a single-car garage, while 2574 has a double-car garage. The lot is approximately 0.2 acres, and the total property size is listed as 2,723 square feet.
For buyers seeking an owner-occupant or income-earning setup, the duplex format provides distinct living areas along with practical separation between sleeping and gathering spaces. The attached garage and level driveway add everyday convenience, while the private deck and vaulted living space support comfortable in-home living.
Key Highlights
- Duplex in the West Salem hills in a quiet neighborhood of mostly single‑family homes
- Built in 1993 with a composition roof and carpet flooring
- Gas forced‑air heating
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 | $50.0k | $18.36 |
| − Vacancy | −$3.3k | −$1.20 |
| EGI | $46.7k | $17.16 |
| − OpEx | −$14.0k | −$5.15 |
| NOI | $32.7k | $12.01 |
2,723 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$467.2K
$408.8K – $545.1K
NOI $32,704 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$430.2K
$376.5K – $502.0K
NOI $30,117 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$723.0K
$632.6K – $843.5K
NOI $50,609 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 97304, OR
34,102
Population
14,547
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
56.8 sq mi
ZIP Area
600
Density / Sq Mi
$91,731
Median Household Income
$53,370
Median Earnings
$1,441
Median Rent
$469,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in West Salem hills featuring an attached 3-car garage, private deck, level driveway, and separated lower bedrooms.
Where is this duplex located?
The property is located at 2572 Arroyo Ridge - 2574 Ct NW Salem, OR.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Duplex in the West Salem hills in a quiet neighborhood of mostly single‑family homes; Built in 1993 with a composition roof and carpet flooring; Gas forced‑air heating
