Duplex with Separate
For Sale
$499,900
2806 Livingston St Ne, Salem, OR 97301
Interior and exterior updates include new flooring, kitchen countertops, sinks, vanities, doors, and select windows.
Property Size2,474 SF
Price / SF$202.06
Days on Market189
Property Features for 2806 Livingston St Ne
General Information
Standard status
Active
Size
2,474 SF
Total Parking Spaces
6
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,668
Listing Agency:
HOMESMART REALTY GROUP
(971) 599-5865
Listed By:
BRIAN SMITH
(503) 551-8510
Source:
Exprealty
Added: Apr 4
Changed: Oct 7
Last Checked: Oct 7 at 2:42PM
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 HOMESMART REALTY GROUP
Investment Insights
Based on property information with market context.
This duplex has two separate yards and two driveways. The property includes a two-car garage, a four-car carport, and street parking. Interior and exterior work includes updated paint, a roof, gutters, doors, select windows, flooring, kitchen countertops, sinks, and vanities.
Unit 2808 is the larger of the two and includes a family room, living room, laundry room, and storage. The separate yard areas may accommodate RV or boat parking.
Unit 2808 is the larger of the two and includes a family room, living room, laundry room, and storage. The separate yard areas may accommodate RV or boat parking.
Key Highlights
- Two separate yards, one for each unit
- Two driveways, a two‑car garage, a four‑car carport, and street parking
- Larger unit 2808 includes family and living rooms, laundry, and storage
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.
Property Analytics
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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Interior and exterior updates include new flooring, kitchen countertops, sinks, vanities, doors, and select windows.
Where is this duplex located?
The property is located at 2806 Livingston 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 separate yards, one for each unit; Two driveways, a two‑car garage, a four‑car carport, and street parking; Larger unit 2808 includes family and living rooms, laundry, and storage
