South Salem Duplex
For Sale
$459,000
1270-1272 Vista Avenue Southeast, Salem, OR 97302
Well-maintained duplex with two 2-bedroom, 1-bath units, each offering a one-car garage and private fenced backyard patio.
Property Size1,840 SF
Price / SF$249.46
Days on Market175
Property Features for 1270-1272 Vista Avenue Southeast
General Information
Standard status
Active
Size
1,840 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
fenced backyard
covered patio
Building Details
Year Built
1967
Tenancy
Multi
Listing Agency:
HomeStar Brokers
(503) 931-2700
Listed By:
Kimberly Gray · License #201236991
(503) 931-2700
Source:
Compass
Added: Feb 8
Changed: Jul 22
Last Checked: Aug 1 at 12:20PM
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 HomeStar Brokers
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units, each with 2 bedrooms and 1 bathroom. Both units feature an open floor plan and a spacious one-car garage. The homes also include private fenced backyards with covered patios.
Located at 1270–1272 Vista Avenue Southeast in Salem, Oregon, the property is presented as a charming residential income opportunity in South Salem.
The duplex configuration provides two self-contained residences within a single property, with outdoor private space and covered patio areas for each unit.
Located at 1270–1272 Vista Avenue Southeast in Salem, Oregon, the property is presented as a charming residential income opportunity in South Salem.
The duplex configuration provides two self-contained residences within a single property, with outdoor private space and covered patio areas for each unit.
Key Highlights
- Duplex built in 1967 with 1‑story layout
- 2 units, each with 2 bedrooms and 1 bathroom
- Each unit includes a one‑car garage
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 | $33.8k | $18.36 |
| − Vacancy | −$2.2k | −$1.20 |
| EGI | $31.6k | $17.16 |
| − OpEx | −$9.5k | −$5.15 |
| NOI | $22.1k | $12.01 |
1,840 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$315.7K
$276.2K – $368.3K
NOI $22,099 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$290.7K
$254.4K – $339.2K
NOI $20,351 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$488.5K
$427.5K – $570.0K
NOI $34,198 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units, each offering a one-car garage and private fenced backyard patio.
Where is this duplex located?
The property is located at 1270-1272 Vista Avenue Southeast Salem, OR.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Duplex built in 1967 with 1‑story layout; 2 units, each with 2 bedrooms and 1 bathroom; Each unit includes a one‑car garage
