Active

$400,000

2027 Coral Ave NE, Salem, OR 97305

4beds

1,852sqft

$2,752/mo

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Residential, Single Family Residence

Built in 1948

9,583 Square Feet Lot

$-- Zestimate^®

$216/sqft

$-- HOA

What's special

Spacious yardUpdated plumbing

This property opens the door to a variety of possibilities with a single-family home and duplex situated on one lot. Whether you're looking to offset your mortgage with rental income, expand your investment portfolio, or create a multigenerational living setup, opportunities like this are hard to find. The duplex features two 1-bedroom, 1-bathroom units and has a strong rental history with minimal vacancies. The main home has updated plumbing, while the property also includes underground sprinklers in both the front and backyard, a spacious yard, and additional storage with a shed. The home roof was replaced approximately 3 years ago with a Presidential roof, and the shed roof is approximately 4 years old. RV parking adds even more flexibility. Convenient Salem location close to shopping, dining, schools, and everyday amenities. Rare chance to own multiple income-producing units on a single parcel.

60 days

177

9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1

Rooms

Room types: Bedroom 4, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom

Primary bedroom

Level: Main

Bedroom 2

Level: Main

Bedroom 3

Level: Upper

Bedroom 4

Level: Main

Kitchen

Level: Main

Living room

Level: Main

Heating

Forced Air

Cooling

None

Appliances

Included: Free-Standing Range, Free-Standing Refrigerator, Electric Water Heater

Features

Number of fireplaces: 1
Fireplace features: Wood Burning

Interior area

Total structure area: 1,852
Total interior livable area: 1,852 sqft

Property

Parking

Parking features: Driveway, On Street, RV Access/Parking, RV Boat Storage, Converted Garage
Has uncovered spaces: Yes

Features

Stories: 2
Patio & porch: Covered Deck
Exterior features: Yard
Fencing: Fenced

Lot

Size: 9,583 Square Feet
Features: Corner Lot, SqFt 7000 to 9999

Details

Additional structures: RVParking, RVBoatStorage
Parcel number: 559816
Zoning: RS

Construction

Type & style

Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Residential, Single Family Residence

Materials

Vinyl Siding
Roof: Composition

Condition

Fixer
New construction: No
Year built: 1948

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Security Lights

HOA

Has HOA: No

Location

Region: Salem

Financial & listing details

Price per square foot: $216/sqft
Tax assessed value: $411,500
Annual tax amount: $3,446
Date on market: 6/17/2026
Listing terms: Cash,Conventional,Owner Will Carry,Rehab
Road surface type: Concrete

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/17/2026	Listed for sale	$400,000+255.6%$216/sqft
Source: RMLS (OR) #498772327 Report a problem
1/15/2004	Sold	$112,500+53.1%$61/sqft
Source: Public Record Report a problem
9/19/2003	Sold	$73,500-33.8%$40/sqft
Source: Public Record Report a problem
1/27/2003	Sold	$111,025$60/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,447 +7.8%	$167,760 +3%
2024	$3,198 +3%	$162,880 +6.1%
2023	$3,104 +2.9%	$153,540
2022	$3,017	$153,540 +3%
2021	--	$149,070 +6.1%
2020	$2,845 +3.6%	$140,520
2019	$2,745 +1.3%	--
2018	$2,710	--
2017	$2,710 +16.3%	--
2016	$2,330	--
2015	$2,330 -0.8%	--
2014	$2,348 +31.1%	--
2013	$1,790	--
2012	$1,790 -16.4%	--
2011	$2,143 +3%	$115,820 +6.1%
2010	$2,081 +1.1%	$109,180
2009	$2,058 +6%	$109,180 +3%
2008	$1,941 +3.3%	$106,000
2007	$1,880 +1.7%	--
2006	$1,849 +2%	--
2005	$1,812 -0.4%	--
2004	$1,821 +4.9%	--
2003	$1,736 +2.5%	--
2002	$1,694 +3.1%	--
2001	$1,643 +3.2%	--
2000	$1,592	--