Duplex with Attached
For Sale
$799,000
1027-1029 Arthur Way NW, Salem, OR 97304
Each residence offers quartz countertops and dedicated interior areas for washers and dryers.
Property Size3,440 SF
Price / SF$232.27
Days on Market95
Property Features for 1027-1029 Arthur Way NW
General Information
Standard status
Active
Size
3,440 SF
Property subtype
Multi-Family
Building Details
Year Built
2016
Listing Agency:
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
Listed By:
ANDREA BEYER · License #900100236
(503) 364-9596
Source:
Amymcleod
Added: Jul 15
Changed: Oct 9
Last Checked: Oct 7 at 4:53PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each offering 4 bedrooms and 2.5 baths. Attached garage parking serves each side, while quartz countertops provide a durable finish in the kitchens. Both residences also include designated interior areas for washer and dryer use.
The property is located at 1027-102 Arthur Wy NW in Salem, Oregon 97304. Its two-unit configuration and matching bedroom and bath layouts create a consistent setup across the building, with modern interior finishes and attached garage accommodations.
The property is located at 1027-102 Arthur Wy NW in Salem, Oregon 97304. Its two-unit configuration and matching bedroom and bath layouts create a consistent setup across the building, with modern interior finishes and attached garage accommodations.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2.5 baths on each side
- Attached garage serving each residence
- Quartz countertops in both residences
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers quartz countertops and dedicated interior areas for washers and dryers.
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 4 bedrooms and 2.5 baths on each side; Attached garage serving each residence; Quartz countertops in both residences
