Remodeled Duplex with Two
2806 Livingston -2808 St NE Salem, OR 97301
For Sale
$504,900
MULTI_FAMILY - Salem, OR
Property Size2,474 SF
Lot Size0.21 Acres
Price / SF$204.08
Days on Market117
Property Features for 2806 Livingston -2808 St NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 1
Fireplace
1
Standard status
Active
APN
570887
Size
2,474 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
3668
Utilities
Heating system
Electric (Heating), Natural Gas, Forced Air
Building Details
Number of units
2
Flooring type
Vinyl, Other (refer to remarks)
Roof type
Composition
Listing Agency:
HOMESMART REALTY GROUP
(971) 599-5865
Listed By:
BRIAN SMITH
(503) 551-8510
Added: Apr 4
Changed: Jul 1
Last Checked: Jul 29 at 10:06PM
MLS# 839415
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 for-sale duplex sits on a large corner lot and features two driveways, a two-car garage with additional parking, and a four-car carport. The property includes interior and exterior updates such as new paint, roof work on one home, gutters, doors, some windows, flooring throughout, and updated kitchen countertops, sinks, and vanities.
The duplex is configured as two separate units with their own yards, providing separation for day-to-day living and potential for storing an RV or boat. The larger unit at 2808 offers ample space, including a family room, living room, laundry room, and storage.
With two self-contained living spaces and multiple parking options, the property can fit buyers looking for a straightforward residential income setup. The combination of recent remodel work and dedicated outdoor areas supports comfortable occupancy for either unit.
The duplex is configured as two separate units with their own yards, providing separation for day-to-day living and potential for storing an RV or boat. The larger unit at 2808 offers ample space, including a family room, living room, laundry room, and storage.
With two self-contained living spaces and multiple parking options, the property can fit buyers looking for a straightforward residential income setup. The combination of recent remodel work and dedicated outdoor areas supports comfortable occupancy for either unit.
Key Highlights
- Duplex on a large corner lot with two driveways, plus street parking
- Parking includes a 2‑car garage and 4‑car carport
- Recent remodel updates: updated paint, roof, gutters, doors, some windows, and new flooring
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 | $45.4k | $18.36 |
| − Vacancy | −$3.0k | −$1.20 |
| EGI | $42.4k | $17.16 |
| − OpEx | −$12.7k | −$5.15 |
| NOI | $29.7k | $12.01 |
2,474 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$424.5K
$371.4K – $495.2K
NOI $29,713 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$390.9K
$342.0K – $456.1K
NOI $27,363 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$656.9K
$574.8K – $766.4K
NOI $45,981 @ 7.0% cap · market cap 9.11%
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 - Remodeled duplex on a corner lot with two driveways, garages, and separate yards for flexible resident use.
Where is this duplex located?
The property is located at 2806 Livingston -2808 St NE Salem, OR.
What is the asking price?
The asking price for this property is $504,900.
What are key features of this property?
This property features: Duplex on a large corner lot with two driveways, plus street parking; Parking includes a 2‑car garage and 4‑car carport; Recent remodel updates: updated paint, roof, gutters, doors, some windows, and new flooring
