Listing provided courtesy of Realty Marketing / Northwest- MLS# 480831628
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Request Info441 NORWAY STSalem, OR 97301
Multi-Family · 6,007 Sq. ft. | 0.14 Acres
Active
441 NORWAY ST Overview
- Time on Site:
- 69 days
- Visits:
- 0
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.
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441 NORWAY ST Facts & Features
- Type Multi-Family
- Sq. ft. 6,007
- Lot 0.14 Acres
Details
General
School Information
- Elementary School: Other
- Middle Or Junior School: Parrish
- High School: North Salem
Income/Expenses
- Gross Income: 60000.0
- Net Operating Income: 46394.0
- Operating Expense: 13606.0
Building Information
- Year Built: 2009
Location/Region
- Country: US
- County Or Parish: Marion
- MLS Area Major: 176 - Marion Co: East Salem N
Rent/Lease Information
- Rent Includes: Maintenance Grounds,Sewer,Trash Collection,Water
Tax Information
- Tax Annual Amount: 6783.78
- Tax Year: 2025
General Information
- Disclosures: Disclosure
- Listing Terms: Cash
- Parcel Number: 584530
- Property Condition: Existing
- Property Type: Multi Family
- Zoning: RM2
Interior
Parking Information
- Garage Spaces: 2.0
Building Interior
- Building Area Total: 6007.0
General Information
- Basement: None
- Cooling: Central Air
- Foundation Details: Slab
- Heating: Forced Air
- Stories: 2
Exterior
Parking Information
- Parking Features: Garage
Lot Information
- Lot Features: Level,Public Road
- Lot Size Acres: 0.14
- Lot Size Square Feet: 6098.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 2
- Sewer: Public Sewer
441 NORWAY ST Neighborhood
Community
97301 (Salem) Demographics
33
Median Age
4,886
Population Density (per sq. mile)
25%
College Educated
$45,959
Estimated Median Income
8,297
Estimated Total Home Owners
11,013
Estimated Total Renters
43% / 57%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.441 NORWAY ST Monthly Cost
441 NORWAY ST Market Data
Based on the last 30 days in this zip code
$419,594
Average List Price
$257
Average Price per Square Foot
61
Properties Sold
70
Average Days on Market
250
Properties for Sale
441 NORWAY ST History
| Date | Value | Agent |
|---|---|---|
| 4/21/2026Source: Regional MLS | April 21, 2026 |