Duplex with Attached
For Sale
$799,000
1027-1029 Arthur Way NW, Salem, OR 97304
Two residential units offer four bedrooms, two-and-a-half baths, quartz countertops, and dedicated laundry areas per side.
Property Size3,440 SF
Price / SF$232.27
Days on Market75
Property Features for 1027-1029 Arthur Way NW
General Information
Standard status
Active
Size
3,440 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
quartz counters
washer/dryer
attached garage
Building Details
Year Built
2016
Buildings
1
Listing Agency:
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
Listed By:
ANDREA BEYER · License #900100236
(503) 364-9596
Source:
Thesanchezteamoregon
Added: Aug 5
Changed: Oct 5
Last Checked: Oct 7 at 1:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
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Investment Insights
Based on property information with market context.
Built in 2016, this duplex contains two residential units, each with 4 bedrooms and 2.5 baths. The 3,440-square-foot property includes an attached garage for each side, quartz countertops, and interior areas designed for washer and dryer installation. Modern finishes and contemporary design details shape both units.
Located at 1027-1029 Arthur Way NW in Salem, Oregon, the property is situated in West Salem. Its two-unit configuration and separately attached garages provide a clear residential income property format with substantial living space on each side.
Located at 1027-1029 Arthur Way NW in Salem, Oregon, the property is situated in West Salem. Its two-unit configuration and separately attached garages provide a clear residential income property format with substantial living space on each side.
Key Highlights
- Two‑unit duplex with 3,440 square feet total
- Each side includes 4 bedrooms and 2.5 baths
- Attached garage provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,315
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,300
$826.3K
Cap Rate 7%
$590,214
$590.2K
Cap Rate 9%
$459,056
$459.1K
Market Conditions
NOI Build-Up for 3,440 SF
Gross rent
$63.2K $18.36/SF
− Vacancy
−$4.1K −$1.20/SF
EGI
$59.0K $17.16/SF
− OpEx
−$17.7K −$5.15/SF
NOI
$41.3K $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%
$826,300
Cap Rate 7%
$590,214
Cap Rate 9%
$459,056
Alternative Uses
Best Use
Multifamily LT 5
$590.2K
$516.4K – $688.6K
NOI $41,315 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$543.5K
$475.6K – $634.1K
NOI $38,047 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$913.3K
$799.2K – $1.07M
NOI $63,934 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
443
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer four bedrooms, two-and-a-half baths, quartz countertops, and dedicated laundry areas per side.
Where is this duplex located?
The property is located at 1027-1029 Arthur Way NW Salem, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,440 square feet total; Each side includes 4 bedrooms and 2.5 baths; Attached garage provided for each unit
