Updated Duplex with
1885 Skyline Ct S, Salem, OR 97306
For Sale
$489,900
Multi Family, Salem, OR
Property Size1,854 SF
Lot Size0.16 Acres
Price / SF$264.24
Days on Market54
Property Features for 1885 Skyline Ct S
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Flooring type
Roof type
Listing Agency:
BLUM REAL ESTATE
Listed By:
GLADYS BLUM
(503) 485-1900
Added: Sep 21
Changed: Oct 23
Last Checked: Nov 13 at 8:06AM
MLS# 845846
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.
This 1,854-square-foot duplex was built in 1994 on a 0.16-acre lot. One unit has been updated, while the second provides a separate residential layout within the property. Interior features include carpet and laminate flooring, with natural-gas forced-air heating. The building also has a composition roof and patio space.
Located in Salem, Oregon, the property is designated RM2. Its room count includes four bedrooms and two bathrooms, supporting a two-unit residential configuration. The property is offered for sale.
Located in Salem, Oregon, the property is designated RM2. Its room count includes four bedrooms and two bathrooms, supporting a two-unit residential configuration. The property is offered for sale.
Key Highlights
- 1,854‑square‑foot duplex on a 0.16‑acre lot
- Built in 1994 with a composition roof
- One unit has been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,267
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,340
$445.3K
Cap Rate 7%
$318,100
$318.1K
Cap Rate 9%
$247,411
$247.4K
Market Conditions
NOI Build-Up for 1,854 SF
Gross rent
$34.0K $18.36/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$31.8K $17.16/SF
− OpEx
−$9.5K −$5.15/SF
NOI
$22.3K $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%
$445,340
Cap Rate 7%
$318,100
Cap Rate 9%
$247,411
Alternative Uses
Best Use
Multifamily LT 5
$318.1K
$278.3K – $371.1K
NOI $22,267 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$292.9K
$256.3K – $341.8K
NOI $20,506 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$492.3K
$430.7K – $574.3K
NOI $34,458 @ 7.0% cap · market cap 7.03%
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
500
Businesses Nearby
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Business Placement
Demographics for 97306, OR
34,715
Population
14,151
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
32.4 sq mi
ZIP Area
1,071
Density / Sq Mi
$89,773
Median Household Income
$50,931
Median Earnings
$1,455
Median Rent
$438,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Salem, OR
Properties on Market for Duplexes in Salem
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in RM2 zoning with one refreshed unit, natural-gas forced-air heat, and patio space.
Where is this duplex located?
The property is located at 1885 Skyline Ct S Salem, OR.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 1,854‑square‑foot duplex on a 0.16‑acre lot; Built in 1994 with a composition roof; One unit has been updated
