Updated Duplex with Fenced
For Sale
$539,000
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$321.60
Days on Market23
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:
Tim Hill Realty Group LLC
Listed By:
Matin Real Estate
(503) 208-8406
Source:
Portlandrealestate
Added: Sep 14
Changed: Oct 6
Last Checked: Oct 5 at 7:10PM
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 Tim Hill Realty Group LLC
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
3.73%
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 3.73%
Second Best
Apartment 5plus
$264.8K
$231.7K – $309.0K
NOI $18,537 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$445.0K
$389.4K – $519.2K
NOI $31,149 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $539,000.
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
