Duplex with Shared 3-Bay
2572-2574 Arroyo Ridge Court Northwest Salem, OR 97304
For Sale
$675,000
Duplex in great condition with low-maintenance landscaping and a flat driveway to a shared three-bay garage.
Property Size2,723 SF
Price / SF$247.89
Days on Market182
Property Features for 2572-2574 Arroyo Ridge Court Northwest
General Information
Standard status
Active
Size
2,723 SF
Property subtype
Multi Family
Building Details
Year Built
1993
Listing Agency:
Paramount Real Estate Services
(503) 385-1518
Listed By:
Brian White · License #200105014
(503) 385-1518
Source:
Compass
Added: Jan 28
Changed: Jul 22
Last Checked: Jul 28 at 3:09PM
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 Paramount Real Estate Services
Investment Insights
Based on property information with market context.
This duplex offers two attached units in great condition, with low-maintenance landscaping and a flat driveway for convenient access to the property. A shared three-bay garage is located behind the home, supporting practical day-to-day use while keeping the residences connected but distinct.
Set in the hills of West Salem at 2572–2574 Arroyo Ridge Court Northwest, the property is positioned among treed landscape elements that create a more private feel. The layout also provides flexibility for buyers looking to use one unit and generate additional income from the attached second unit.
Overall, it is a turnkey residential income property with an easy-access driveway, shared garage setup, and a private, wooded setting within the neighborhood described in the listing remarks.
Set in the hills of West Salem at 2572–2574 Arroyo Ridge Court Northwest, the property is positioned among treed landscape elements that create a more private feel. The layout also provides flexibility for buyers looking to use one unit and generate additional income from the attached second unit.
Overall, it is a turnkey residential income property with an easy-access driveway, shared garage setup, and a private, wooded setting within the neighborhood described in the listing remarks.
Key Highlights
- Duplex with 2 stories, built in 1993
- Flat driveway provides easy access to the shared 3‑bay garage
- Low‑maintenance landscaping
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 | $50.0k | $18.36 |
| − Vacancy | −$3.3k | −$1.20 |
| EGI | $46.7k | $17.16 |
| − OpEx | −$14.0k | −$5.15 |
| NOI | $32.7k | $12.01 |
2,723 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$467.2K
$408.8K – $545.1K
NOI $32,704 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$430.2K
$376.5K – $502.0K
NOI $30,117 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$723.0K
$632.6K – $843.5K
NOI $50,609 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in great condition with low-maintenance landscaping and a flat driveway to a shared three-bay garage.
Where is this duplex located?
The property is located at 2572-2574 Arroyo Ridge Court Northwest Salem, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Duplex with 2 stories, built in 1993; Flat driveway provides easy access to the shared 3‑bay garage; Low‑maintenance landscaping
