Well-Maintained Duplex
1014-1016 Arthur Wy NW Salem, OR 97304
1014-1016 Arthur Wy NW, Salem, OR, 97304
$729,000
For Sale
$729,000
MULTI_FAMILY - Salem, OR
Property Size2,400 SF
Lot Size0.24 Acres
Price / SF$303.75
Days on Market9
Property Features for 1014-1016 Arthur Wy NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RS
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 4
- Patio and Porch features
- Patio
- Standard status
- Active
- APN
- 576969
- Size
- 2,400 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7299
Utilities
- Heating system
- Zoned, Electric (Heating)
Building Details
- Number of units
- 2
- Flooring type
- Vinyl, Laminate
- Roof type
- Composition
Listing agency
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
(503) 364-9596
Listed by
ANDREA BEYER · License #900100236
(503) 551-5320
Added: Jul 13 Updated: Jul 20 at 1:26AM Checked: Jul 21 at 8:06AM
MLS# 843377
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 with spacious, privacy-oriented floor plans. Updates include quartz countertops and LVP flooring in both units, along with recent interior paint. All appliances are included, supporting move-in readiness for tenants or owner-occupants.
Located on a quiet residential pocket in West Salem hills, the property is situated within RS zoning. Addressed at 1014-1016 Arthur Wy NW in Salem, Oregon (97304), the site totals 0.24 acres.
The duplex contains approximately 2,400 square feet of total property size and is offered for sale.
Located on a quiet residential pocket in West Salem hills, the property is situated within RS zoning. Addressed at 1014-1016 Arthur Wy NW in Salem, Oregon (97304), the site totals 0.24 acres.
The duplex contains approximately 2,400 square feet of total property size and is offered for sale.
Key Highlights
- Duplex with well‑maintained units in a quiet residential pocket
- Quartz countertops in both units
- Vinyl and laminate flooring throughout
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 | $44.1k | $18.36 |
| − Vacancy | −$2.9k | −$1.20 |
| EGI | $41.2k | $17.16 |
| − OpEx | −$12.4k | −$5.15 |
| NOI | $28.8k | $12.01 |
2,400 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$411.8K
$360.3K – $480.4K
NOI $28,824 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$379.2K
$331.8K – $442.4K
NOI $26,545 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$637.2K
$557.6K – $743.4K
NOI $44,605 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well maintained duplex with two units, quartz countertops, LVP flooring, recent interior paint, and included appliances.
Where is this duplex located?
The property is located at 1014-1016 Arthur Wy NW Salem, OR.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Duplex with well‑maintained units in a quiet residential pocket; Quartz countertops in both units; Vinyl and laminate flooring throughout
