Duplex with Attached
For Sale
$549,900
2572 Arroyo Ridge - 2574 Ct NW, Salem, OR 97304
Multi Family, Salem, OR
Property Size2,723 SF
Lot Size0.20 Acres
Price / SF$201.95
Days on Market101
Property Features for 2572 Arroyo Ridge - 2574 Ct NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Patio and Porch features
Deck
Fireplace
1
Lot features
Cul-de-sac
Elementary school
Kalapuya
Middle school
Walker
High school
West Salem
Directions
Eola, left on Sunwood to Arroyo Ridge
Standard status
Active
APN
356329
Size
2,723 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6994
Utilities
Heating system
Natural Gas, Forced Air
Amenities
gas fireplace
vaulted ceilings
private deck
Building Details
Year built
1993
Number of units
2
Flooring type
Carpet
Roof type
Composition
Listing Agency:
BLUM REAL ESTATE
Listed By:
GLADYS BLUM
(503) 485-1900
Added: Jul 1
Changed: Oct 6
Last Checked: Oct 9 at 5:06AM
MLS# 842922
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 1993 duplex contains 2,723 square feet on a 0.20-acre lot. Its attached garage provides three spaces in total: one for 2572 and two for 2574. Interior features include lower-level bedrooms, a living room with vaulted ceilings and a gas fireplace, and a private deck. Forced-air heating uses natural gas.
Mature trees and low-maintenance landscaping surround the property, which sits in a residential area described as primarily single-family homes. A level driveway serves the attached garage.
Mature trees and low-maintenance landscaping surround the property, which sits in a residential area described as primarily single-family homes. A level driveway serves the attached garage.
Key Highlights
- Duplex totals 2,723 square feet on a 0.20‑acre lot
- Attached three‑car garage: one space for 2572 and two for 2574
- Built in 1993
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,704
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,080
$654.1K
Cap Rate 7%
$467,200
$467.2K
Cap Rate 9%
$363,378
$363.4K
Market Conditions
NOI Build-Up for 2,723 SF
Gross rent
$50.0K $18.36/SF
− Vacancy
−$3.3K −$1.20/SF
EGI
$46.7K $17.16/SF
− OpEx
−$14.0K −$5.15/SF
NOI
$32.7K $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%
$654,080
Cap Rate 7%
$467,200
Cap Rate 9%
$363,378
Alternative Uses
Best Use
Multifamily LT 5
$467.2K
$408.8K – $545.1K
NOI $32,704 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$430.2K
$376.5K – $502.0K
NOI $30,117 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$723.0K
$632.6K – $843.5K
NOI $50,609 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences share a garage, with a deck and gas fireplace among the property’s residential features.
Where is this duplex located?
The property is located at 2572 Arroyo Ridge - 2574 Ct NW Salem, OR.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Duplex totals 2,723 square feet on a 0.20‑acre lot; Attached three‑car garage: one space for 2572 and two for 2574; Built in 1993
