Two-Unit Manufactured Home
For Sale
$599,900
4455 Blueberry -4445 Ln NE, Salem, OR 97305
Multi Family, Salem, OR
Property Size4,192 SF
Lot Size0.58 Acres
Price / SF$143.11
Days on Market152
Property Features for 4455 Blueberry -4445 Ln NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 1, Office, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 3
Patio and Porch features
Patio
Subdivision
PP 1999-099
Lot features
Dimension Above, Lot: 3
View
Territorial
Elementary school
Lamb
Middle school
Adam Stephens
High school
McKay
Directions
East on Silverton Rd NE , Left onto 45th Ave NE, Left onto Blueberry LN
Standard status
Active
APN
072W07DC00402
Size
4,192 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5772
Utilities
Heating system
Heat Pump (Heating), Central, Forced Air
Amenities
stainless steel appliances
large yard
Building Details
Year built
2004
Number of units
2
Flooring type
Carpet, Vinyl, Laminate
Roof type
Composition
Listing Agency:
EXP REALTY, LLC
(888) 814-9613
Listed By:
JULIA COATES
(541) 993-1033
Added: May 11
Changed: Sep 22
Last Checked: Oct 9 at 4:06AM
MLS# 840902
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 duplex property consists of two manufactured homes totaling 4,192 square feet on a 0.58-acre lot. Built in 2004, the homes feature open layouts, stainless steel appliances, patios, composition roofs, and attached two-car garages. Interior finishes include carpet, vinyl, and laminate flooring, while heating is provided by heat pumps, central systems, and forced air.
The property is located in Salem, Oregon, and carries RM zoning. Each residence includes multiple bedrooms and bathrooms, along with dedicated office space reflected in the recorded room configuration. The two-home layout creates a distinct multifamily arrangement with substantial site area and residential improvements already in place.
The property is located in Salem, Oregon, and carries RM zoning. Each residence includes multiple bedrooms and bathrooms, along with dedicated office space reflected in the recorded room configuration. The two-home layout creates a distinct multifamily arrangement with substantial site area and residential improvements already in place.
Key Highlights
- Two manufactured homes totaling 4,192 square feet
- 0.58‑acre lot with RM zoning
- Each home includes a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,347
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,940
$1.0M
Cap Rate 7%
$719,243
$719.2K
Cap Rate 9%
$559,411
$559.4K
Market Conditions
NOI Build-Up for 4,192 SF
Gross rent
$77.0K $18.36/SF
− Vacancy
−$5.0K −$1.20/SF
EGI
$71.9K $17.16/SF
− OpEx
−$21.6K −$5.15/SF
NOI
$50.3K $12.01/SF
Area
Salem, OR
Vacancy
6.55%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,940
Cap Rate 7%
$719,243
Cap Rate 9%
$559,411
Alternative Uses
Best Use
Multifamily LT 5
$719.2K
$629.3K – $839.1K
NOI $50,347 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$662.4K
$579.6K – $772.8K
NOI $46,365 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$1.11M
$973.9K – $1.30M
NOI $77,911 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 97305, OR
44,535
Population
15,219
Households
2.9
Avg Household Size
33
Median Age
16%
College-Educated
77%
High-School Grad
47.2 sq mi
ZIP Area
944
Density / Sq Mi
$64,581
Median Household Income
$32,554
Median Earnings
$1,386
Median Rent
$339,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two manufactured homes provide separate residential accommodations with garages, patios, and stainless steel appliances.
Where is this duplex located?
The property is located at 4455 Blueberry -4445 Ln NE Salem, OR.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two manufactured homes totaling 4,192 square feet; 0.58‑acre lot with RM zoning; Each home includes a 2‑car garage
