Updated Duplex with Fenced
For Sale
$524,900
2586 Wintergreen -2588 Av NW, Salem, OR 97304
Two refreshed units feature washer/dryer hookups, fenced yards, and pet-friendly outdoor space.
Property Size1,676 SF
Price / SF$313.19
Days on Market50
Property Features for 2586 Wintergreen -2588 Av NW
General Information
Standard status
Active
Size
1,676 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
W/D hookups
fenced yards
pet friendly
EV car charger ready
Building Details
Year Built
1991
Buildings
1
Listing Agency:
Coho Realty
(503) 559-9258
Listed By:
Matin Real Estate
(503) 208-8406
Source:
Portlandrealestate
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 1 at 6:00AM
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 Coho Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 1,676-square-foot property built in 1991. Both units include washer/dryer hookups, fully fenced yards, and outdoor areas identified as pet friendly. The property occupies a corner lot and includes improvements to both interiors and the exterior.
Unit 2588 received 2022 updates including interior paint, windows, a sliding glass door, baseboard trim, kitchen countertops, floating shelves, an EV charger-ready setup, and bathroom finishes. Unit 2586 received new flooring, kitchen and bathroom counters, lighting fixtures, windows, a sliding door, and baseboard trim during 2022. The property is located at 2586 Wintergreen (-2588) Av NW in Salem, Oregon.
Unit 2588 received 2022 updates including interior paint, windows, a sliding glass door, baseboard trim, kitchen countertops, floating shelves, an EV charger-ready setup, and bathroom finishes. Unit 2586 received new flooring, kitchen and bathroom counters, lighting fixtures, windows, a sliding door, and baseboard trim during 2022. The property is located at 2586 Wintergreen (-2588) Av NW in Salem, Oregon.
Key Highlights
- 1,676‑square‑foot duplex built in 1991
- Corner‑lot property with fully fenced yards
- Both units include washer/dryer hookups and pet‑friendly outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,129
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,580
$402.6K
Cap Rate 7%
$287,557
$287.6K
Cap Rate 9%
$223,656
$223.7K
Market Conditions
NOI Build-Up for 1,676 SF
Gross rent
$30.8K $18.36/SF
− Vacancy
−$2.0K −$1.20/SF
EGI
$28.8K $17.16/SF
− OpEx
−$8.6K −$5.15/SF
NOI
$20.1K $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%
$402,580
Cap Rate 7%
$287,557
Cap Rate 9%
$223,656
Alternative Uses
Best Use
Multifamily LT 5
$287.6K
$251.6K – $335.5K
NOI $20,129 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$264.8K
$231.7K – $309.0K
NOI $18,537 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$445.0K
$389.4K – $519.2K
NOI $31,149 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed units feature washer/dryer hookups, fenced yards, and pet-friendly outdoor space.
Where is this duplex located?
The property is located at 2586 Wintergreen -2588 Av NW Salem, OR.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 1,676‑square‑foot duplex built in 1991; Corner‑lot property with fully fenced yards; Both units include washer/dryer hookups and pet‑friendly outdoor space
