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.
Active
Price Unknown
441 Norway St NE, Salem, OR 97301
8beds
6,007sqft
Multi Family
Built in 2009
-- sqft lot
$722,600 Zestimate®
$--/sqft
$-- HOA
What's special
Two-story duplexSmall fenced backyardAttached garage
- 81 days |
- 146 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
John Rosenthal 800-845-3524,
Realty Marketing / Northwest
Source: RMLS (OR),MLS#: 480831628
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 4
- Partial bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
Features
- Basement: None
Interior area
- Total structure area: 6,007
- Total interior livable area: 6,007 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Stories: 2
- Has view: Yes
- View description: Territorial
Lot
- Size: 6,098 Square Feet
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: 584530
- Zoning: RM2
- Special conditions: Auction
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding, Lap Siding
- Foundation: Slab
- Roof: Composition
Condition
- Existing
- Year built: 2009
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Tax assessed value: $801,980
- Annual tax amount: $6,783
- Date on market: 4/21/2026
- Listing terms: Cash
- Total actual rent: 5000
- Road surface type: Paved
Colleen Cowan
(503) 224-1906
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Estimated market value
$722,600
$679,000 - $766,000
$1,994/mo
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,784 +7.8% | $330,200 +3% |
| 2024 | $6,295 +3% | $320,590 +6.1% |
| 2023 | $6,109 +2.9% | $302,200 |
| 2022 | $5,938 +2.9% | $302,200 +3% |
| 2021 | $5,769 +3% | $293,400 +6.1% |
| 2020 | $5,600 +3.6% | $276,570 |
| 2019 | $5,404 +1.3% | -- |
| 2018 | $5,334 | -- |
| 2017 | $5,334 +16.3% | -- |
| 2016 | $4,586 | -- |
| 2015 | $4,586 -0.7% | -- |
| 2014 | $4,620 +15% | -- |
| 2013 | $4,019 | -- |
| 2012 | $4,019 -7.4% | -- |
| 2011 | $4,338 +4.2% | $231,650 +786.2% |
| 2010 | $4,162 +744.8% | $26,140 |
| 2009 | $493 -46.3% | $26,140 -47.9% |
| 2008 | $918 +3.3% | $50,130 |
| 2007 | $889 +1.6% | -- |
| 2006 | $875 +2% | -- |
| 2005 | $857 -0.5% | -- |
| 2004 | $861 +4.8% | -- |
| 2003 | $821 +2.5% | -- |
| 2002 | $802 +3.1% | -- |
| 2001 | $777 +3.2% | -- |
| 2000 | $753 | -- |
Find assessor info on the county website
Climate risks
Neighborhood: Grant
Nearby schools
GreatSchools rating
- 6/10Grant Community SchoolGrades: K-5Distance: 0.3 mi
- 3/10Parrish Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10North Salem High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Hoover
- Middle: Parrish
- High: North Salem
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Oregon
- Marion County
- Salem
- 97301
- Grant
- 441 Norway St NE
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