Duplex with
2806 Livingston -2808 St NE, Salem, OR 97301
For Sale
$499,900
Multi Family, Salem, OR
Property Size2,474 SF
Lot Size0.21 Acres
Price / SF$202.06
Days on Market224
Property Features for 2806 Livingston -2808 St NE
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Fireplace
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Amenities
separate yards
Building Details
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
HOMESMART REALTY GROUP · HomeSmart International
(971) 599-5865
Listed By:
BRIAN SMITH
(503) 551-8510
Added: Apr 4
Changed: Nov 3
Last Checked: Nov 13 at 8:06AM
MLS# 839415
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.
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Investment Insights
Based on property information with market context.
This 2,474-square-foot duplex sits on a 0.21-acre corner parcel and includes two separate yards. Updates span interior and exterior elements, including paint, the home’s roof, gutters, doors, select windows, flooring, kitchen countertops, sinks, and vanities. The larger unit, identified as 2808, has a family room, living room, laundry room, and storage space.
Parking includes two driveways, a two-car garage, a four-car carport, and street parking. The separate yards provide the possibility of RV or boat parking. The property is located in Salem, Oregon.
Parking includes two driveways, a two-car garage, a four-car carport, and street parking. The separate yards provide the possibility of RV or boat parking. The property is located in Salem, Oregon.
Key Highlights
- Two‑unit duplex on a 0.21‑acre corner lot
- 2,474 square feet of property area
- Parking includes two driveways, a two‑car garage, a four‑car carport, and street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,713
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,260
$594.3K
Cap Rate 7%
$424,471
$424.5K
Cap Rate 9%
$330,144
$330.1K
Market Conditions
NOI Build-Up for 2,474 SF
Gross rent
$45.4K $18.36/SF
− Vacancy
−$3.0K −$1.20/SF
EGI
$42.4K $17.16/SF
− OpEx
−$12.7K −$5.15/SF
NOI
$29.7K $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%
$594,260
Cap Rate 7%
$424,471
Cap Rate 9%
$330,144
Alternative Uses
Best Use
Multifamily LT 5
$424.5K
$371.4K – $495.2K
NOI $29,713 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$390.9K
$342.0K – $456.1K
NOI $27,363 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$656.9K
$574.8K – $766.4K
NOI $45,981 @ 7.0% cap · market cap 9.20%
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
368
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 - Separate outdoor areas and multiple on-site parking options serve the two-unit property.
Where is this duplex located?
The property is located at 2806 Livingston -2808 St NE Salem, OR.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex on a 0.21‑acre corner lot; 2,474 square feet of property area; Parking includes two driveways, a two‑car garage, a four‑car carport, and street parking
