Two-Unit Duplex with
For Sale
$450,000
3441 Livingston St, Salem, OR 97301
Both residences include private outdoor space and access to nearby schools, shopping, and commuter routes.
Property Size2,000 SF
Price / SF$225
Days on Market49
Property Features for 3441 Livingston St
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
North Lancaster Neighborhood Association (Nola)
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Amenities
private backyard
Building Details
Year Built
1955
Listing Agency:
eXp Realty, LLC
Listed By:
Shawn Richardson · License #201210661
(208) 912-5591
Source:
Rosecityrealtygroup
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 5:26PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 2000-square-foot property built in 1955. Each unit includes 2 bedrooms, 1 bathroom, and an attached 1-car garage. Private backyards serve each residence, adding separate outdoor space for occupants.
The property is located at 3441 Livingston St in Salem, Oregon, near schools, shopping, and major commuter routes. The two-unit configuration, separate garages, and individual backyards provide a clearly defined residential setup for the property.
The property is located at 3441 Livingston St in Salem, Oregon, near schools, shopping, and major commuter routes. The two-unit configuration, separate garages, and individual backyards provide a clearly defined residential setup for the property.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 bathroom
- Attached 1‑car garage for each unit
- Private backyard assigned to each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,020
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,400
$480.4K
Cap Rate 7%
$343,143
$343.1K
Cap Rate 9%
$266,889
$266.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.7K $18.36/SF
− Vacancy
−$2.4K −$1.20/SF
EGI
$34.3K $17.16/SF
− OpEx
−$10.3K −$5.15/SF
NOI
$24.0K $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%
$480,400
Cap Rate 7%
$343,143
Cap Rate 9%
$266,889
Alternative Uses
Best Use
Multifamily LT 5
$343.1K
$300.3K – $400.3K
NOI $24,020 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$316.0K
$276.5K – $368.7K
NOI $22,121 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$531.0K
$464.6K – $619.5K
NOI $37,171 @ 7.0% cap · market cap 8.26%
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
1,002
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 - Both residences include private outdoor space and access to nearby schools, shopping, and commuter routes.
Where is this duplex located?
The property is located at 3441 Livingston St Salem, OR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 bathroom; Attached 1‑car garage for each unit; Private backyard assigned to each residence
