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 Market21
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
Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 5, Bedroom 7, Bedroom 5, Bedroom 8, Bathroom 3, Bedroom 2
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: Aug 1
Last Checked: Aug 2 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.
Investment Insights
Based on property information with market context.
This duplex at 1027–1029 Arthur Wy NW offers two matching units with 4 bedrooms and 2.5 baths per side, each with an attached garage. The property was built in 2016 and includes quartz counters and designated inside washer/dryer areas. Flooring is reported as laminate, and heating is provided by zoned electric systems. The roof is composition.
The lot size is 0.2 acres, and the total property size is 3,440 square feet. Zoned RS, the duplex is located in Salem, Oregon (Polk County) with the postal code 97304.
Designed as a low-maintenance option with modern interior finishes, this duplex presents a straightforward residential income configuration with attached garage parking and in-unit laundry for tenant convenience.
The lot size is 0.2 acres, and the total property size is 3,440 square feet. Zoned RS, the duplex is located in Salem, Oregon (Polk County) with the postal code 97304.
Designed as a low-maintenance option with modern interior finishes, this duplex presents a straightforward residential income configuration with attached garage parking and in-unit laundry for tenant convenience.
Key Highlights
- Duplex with 4 bedrooms and 2.5 baths per side
- Attached garages for each unit
- Quartz counters and inside washer/dryer areas
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 | $63.2k | $18.36 |
| − Vacancy | −$4.1k | −$1.20 |
| EGI | $59.0k | $17.16 |
| − OpEx | −$17.7k | −$5.15 |
| NOI | $41.3k | $12.01 |
3,440 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex in RS zoning featuring attached garages, quartz counters, and in-unit washer/dryer areas.
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: Duplex with 4 bedrooms and 2.5 baths per side; Attached garages for each unit; Quartz counters and inside washer/dryer areas
