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    Salem Duplex with Garages Title is generated by Realmo AI

    3441 LIVINGSTON St, Salem, OR 97301

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    Claim this Listing
    For Sale
    $450,000

    MULTI_FAMILY - Salem, OR

    Property size:
    2,000 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $225/SF
    Added:
    May 11, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 26 at 2:06 am

    Property Features for 3441 LIVINGSTON St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2
    Standard status
    Active
    APN
    585726
    Size
    2,000 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Description
    PEONY GARDENS LOT 8 BLK 1
    Tax Annual Amount
    3469

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1955
    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition

    We can help!

    Contact an agent
    Shawn Richardson

    Listing agent Shawn Richardson

    Listing office eXp Realty, LLC 4800 Meadows Rd Ste 300, Salem, OR

    Listing date May 11, 2026

    MLS# 233330746 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex in Salem built in 1955
    • 2 units, each offering 2 bedrooms and 1 bathroom
    • Each unit includes an attached 1‑car garage
    • Each unit has a private backyard
    • Heating: baseboard
    • Roof: composition

    Overview

    This well-located duplex in Salem features two units. Each unit includes 2 bedrooms, 1 bathroom, and an attached 1-car garage. Each unit also offers a private backyard. The property is conveniently situated near schools, shopping, and major commuter routes. The lot size is 0.2 acres and the property size is 2000 square feet. The zoning is R1. This property presents an excellent opportunity for an investor or owner-occupant.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $36.7k $18.36
    − Vacancy −$2.4k −$1.20
    EGI $34.3k $17.16
    − OpEx −$10.3k −$5.15
    NOI $24.0k $12.01
    2,000 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $343.1K
    $300.3K – $400.3K (±1% cap)
    NOI $24,020 @ 7.0% cap · market cap 5.34%
    Second Best
    Apartment 5plus
    $316.0K
    $276.5K – $368.7K (±1% cap)
    NOI $22,121 @ 7.0% cap · market cap 4.92%
    Theoretical Best
    Office A
    $531.0K
    $464.6K – $619.5K (±1% cap)
    NOI $37,171 @ 7.0% cap · market cap 8.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.991516
    Latitude
    44.959185

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    FAQs

    What type of property is this?
    Duplex - Duplex in Salem with garages and private backyards.
    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: Duplex in Salem built in 1955; 2 units, each offering 2 bedrooms and 1 bathroom; Each unit includes an attached 1‑car garage
    (208) 912-5591
    We can help!
    Contact an agent
    Shawn Richardson
    Request Owner's contact information
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