441 NORWAY ST, Salem, OR 97301
Web ID # 480831628
Overview
About this home
This two-story duplex is being offered as part of a 13-property, 43-unit residential portfolio that is 98% leased and will be sold via Sealed Bid Auction on June 3, 2026. Built in 2009, the duplex is located in NE Salem near NE Broadway with convenient access to I-5, downtown Salem, the State Capitol, and Willamette University. Each unit offers 4 bedrooms, 2 full bathrooms and one half bath, and an attached garage. The duplex has historically been leased to college students at $625 per bedroom ($2,500 per unit). Current one-year leases have been renewed through May 31, 2027. The property includes a small fenced backyard. Projected 2026 gross income is $60,000, with real estate taxes of $6,783. Landlord pays water, sewer, trash, and landscaping.
Directions: 4th St NE / Norway St NE
Location
Listing courtesy of Realty Marketing / Northwest
MLS Listing Agent: John Rosenthal