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441 Norway St NE, Salem, OR 97301

8beds

6,007sqft

Multi Family

Built in 2009

-- sqft lot

$733,500 Zestimate^®

$--/sqft

$-- HOA

What's special

Small fenced backyardAttached garage

This two-story duplex is still available from June 3 Sealed Bid Auction. 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.

127 days

172

12

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

View 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

Estimated market value

$733,500

$689,000 - $785,000

$1,666/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	--