Two-Unit Duplex with Attached
For Sale
$799,000
1027-1029 Arthur Wy NW, Salem, OR 97304
Multi Family, Salem, OR
Property Size3,440 SF
Lot Size0.20 Acres
Price / SF$232.27
Days on Market112
Property Features for 1027-1029 Arthur Wy NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 8, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 7, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 5
Lot features
Common Area, Lot: 8
View
Territorial
Elementary school
Myers
Middle school
Walker
High school
West Salem
Standard status
Active
APN
562360
Size
3,440 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
7139
Utilities
Heating system
Zoned, Electric (Heating)
Building Details
Year built
2016
Number of units
2
Flooring type
Laminate
Roof type
Composition
Listing Agency:
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. · Coldwell Banker Real Estate
(503) 364-9596
Listed By:
ANDREA BEYER · License #900100236
(503) 551-5320
Added: Jul 13
Changed: Oct 24
Last Checked: Nov 1 at 12:06PM
MLS# 843378
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.
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Investment Insights
Based on property information with market context.
Built in 2016, this two-unit residential property contains 3,440 square feet on a 0.2-acre lot. Each side provides four bedrooms, two and a half baths, an attached garage, quartz countertops, and a dedicated interior washer and dryer area. Laminate flooring, electric zoned heating, and a composition roof complete the primary building features.
The property is located at 1027-1029 Arthur Wy NW in Salem, Oregon, within the 97304 ZIP code and Polk County. RS zoning applies to the site. The duplex configuration offers two separately arranged living spaces under one ownership, with the same four-bedroom, two-and-a-half-bath layout on each side.
The property is located at 1027-1029 Arthur Wy NW in Salem, Oregon, within the 97304 ZIP code and Polk County. RS zoning applies to the site. The duplex configuration offers two separately arranged living spaces under one ownership, with the same four-bedroom, two-and-a-half-bath layout on each side.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2.5 baths on each side
- 3,440 square feet on a 0.2‑acre lot
- Attached garage provided for each side
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each side includes four bedrooms, two and a half baths, quartz countertops, and an in-unit laundry area.
Where is this duplex located?
The property is located at 1027-1029 Arthur Wy 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; 3,440 square feet on a 0.2‑acre lot; Attached garage provided for each side
