1364-1368 Northern Heights Loop NE, Salem, OR 97303

1364-1368 Northern Heights Loop NE offers a rare Keizer setup: a new home paired with an income-producing duplex on the same .27 acre property. The front home, built just 5 years ago, has been recently owner-occupied and beautifully cared for, with 3 bedrooms, 3 baths, 1,408 sq ft, a private yard, laundry, separate meter, driveway parking, and a carport. The duplex includes two long-term tenant-occupied units, each with 2 bedrooms, 2 baths, 1,156 sq ft, private yard space, laundry, separate meter, and an attached 1-car garage. Current duplex rents are $1,520 per unit and may be below market, offering a natural opportunity for future rent growth. With the front home included at the scheduled rent shown, the property reflects $66,420 in annual scheduled income and an approximate 5.7% cap rate based on list price, stated taxes, and insurance.This property works from several angles. An owner-occupant can live in the newer home and let the duplex income help offset the monthly costs. An investor can lease all three units and build on an already practical rental layout. A 1031 buyer gets a straightforward multi-unit asset with separate meters, separate yards, garage/carport parking, and a unit mix that gives tenants real breathing room. The duplex interiors reflect long-term occupancy and offer room for gradual updates over time, which could further strengthen the property’s performance.