2-Unit
2250 Hyde St SE, Salem, OR 97301
For Sale
New
$335,000
One residence is vacant, while the rear unit is occupied.
Property Size1,263 SF
Price / SF$265.24
Days on Market2
Property Features for 2250 Hyde St SE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Homesmart Realty Group
(503) 409-3738
Listed By:
Matin Real Estate
(503) 208-8406
Source:
Portlandrealestate
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 12 at 2:19PM
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 Homesmart Realty Group
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Investment Insights
Based on property information with market context.
This 1,263-square-foot duplex, built in 1950, contains two separate residences. The front home has 2 bedrooms and 1 bathroom; the rear unit has 1 bedroom and 1 bathroom. The front residence is vacant, and the rear residence is occupied.
Key Highlights
- 1,263‑square‑foot duplex built in 1950
- Front residence: 2 bedrooms, 1 bathroom; currently vacant
- Rear residence: 1 bedroom, 1 bathroom; currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,169
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,380
$303.4K
Cap Rate 7%
$216,700
$216.7K
Cap Rate 9%
$168,544
$168.5K
Market Conditions
NOI Build-Up for 1,263 SF
Gross rent
$23.2K $18.36/SF
− Vacancy
−$1.5K −$1.20/SF
EGI
$21.7K $17.16/SF
− OpEx
−$6.5K −$5.15/SF
NOI
$15.2K $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%
$303,380
Cap Rate 7%
$216,700
Cap Rate 9%
$168,544
Alternative Uses
Best Use
Multifamily LT 5
$216.7K
$189.6K – $252.8K
NOI $15,169 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$199.6K
$174.6K – $232.8K
NOI $13,969 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$335.3K
$293.4K – $391.2K
NOI $23,474 @ 7.0% cap · market cap 7.01%
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
936
Businesses Nearby
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Business Placement
Demographics for 97301, OR
56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value
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Market
Average Price Trend$/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 - One residence is vacant, while the rear unit is occupied.
Where is this duplex located?
The property is located at 2250 Hyde St SE Salem, OR.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,263‑square‑foot duplex built in 1950; Front residence: 2 bedrooms, 1 bathroom; currently vacant; Rear residence: 1 bedroom, 1 bathroom; currently occupied
