Two-Unit Duplex with Shared
For Sale
$354,750
3027 D Street Northeast, Salem, OR 97301
RM2-zoned property includes a carport, storage shed, and partially fenced yard.
Property Size1,558 SF
Price / SF$227.70
Days on Market298
Property Features for 3027 D Street Northeast
General Information
Standard status
Active
Size
1,558 SF
Total Parking Spaces
1
Property subtype
Residential Income / Duplex
Zoning
RM2
Net Operating Income
$9,057
Site & Location
Neighborhood
North East Salem Community Association (Nesca)
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
storage shed
shared laundry area
covered front porch
partially fenced yard
No
Carpet, Vinyl
Dishwasher, Electric Range, Refrigerator, Gas Water Heater
Gas
2
High Speed Internet
Building Details
Year Built
1939
Listing Agency:
CENTURION REAL ESTATE SERVICES
Listed By:
LORENA TORRES ARREDONDO · License #201232455
(503) 588-0940
Source:
Compass
Added: Jan 9
Changed: Oct 29
Last Checked: Nov 1 at 8:20AM
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 CENTURION REAL ESTATE SERVICES
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Investment Insights
Based on property information with market context.
This duplex contains two separate 1-bedroom, 1-bathroom units, with a combined 1,558 square feet of building area. Each unit has interior updates and includes carpet and vinyl flooring, a dishwasher, electric range, refrigerator, gas water heater, and gas service. The property was built in 1939.
Shared features include a laundry area, one-car carport, and storage shed. Exterior details include wood siding, a covered front porch, and thermal-pane vinyl windows, along with some aluminum-framed windows. The yard is partially fenced, and the property is zoned RM2.
Shared features include a laundry area, one-car carport, and storage shed. Exterior details include wood siding, a covered front porch, and thermal-pane vinyl windows, along with some aluminum-framed windows. The yard is partially fenced, and the property is zoned RM2.
Key Highlights
- Two 1‑bedroom/1‑bathroom units; 1,558 square feet total
- RM2 zoning
- Shared laundry area, one‑car carport, and storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,712
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,240
$374.2K
Cap Rate 7%
$267,314
$267.3K
Cap Rate 9%
$207,911
$207.9K
Market Conditions
NOI Build-Up for 1,558 SF
Gross rent
$28.6K $18.36/SF
− Vacancy
−$1.9K −$1.20/SF
EGI
$26.7K $17.16/SF
− OpEx
−$8.0K −$5.15/SF
NOI
$18.7K $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%
$374,240
Cap Rate 7%
$267,314
Cap Rate 9%
$207,911
Alternative Uses
Best Use
Multifamily LT 5
$267.3K
$233.9K – $311.9K
NOI $18,712 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$246.2K
$215.4K – $287.2K
NOI $17,232 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$413.7K
$362.0K – $482.6K
NOI $28,956 @ 7.0% cap · market cap 8.16%
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
956
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - RM2-zoned property includes a carport, storage shed, and partially fenced yard.
Where is this duplex located?
The property is located at 3027 D Street Northeast Salem, OR.
What is the asking price?
The asking price for this property is $354,750.
What are key features of this property?
This property features: Two 1‑bedroom/1‑bathroom units; 1,558 square feet total; RM2 zoning; Shared laundry area, one‑car carport, and storage shed
