Active
Courtesy of Knipe Realty ERA Powered
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2 Beds9 Baths11,363 sqft
1779 Park Ave NE, Salem
$2,099,000
ActiveMLS®: 292245938
- Price per sqft
- $184.72
- Built in
- 1967
- Property size
- 11,363 sqft
- Lot size
- 1.01 acres
- Property type
- Residential
- Days on market
- 16
Overview
Rare 13-unit investment portfolio in NE Salem! Spread across 1.01 acres and 6 tax lots, this low-density property features a mix of 8 duplex units and 5 standalone single-family homes (all 2 bed/1 bath). Highlights include off-street parking, garages, carports, and on-site laundry. Features strong in-place income with $39k+ annual rental revenue upside in RM2 zoning. Ideal value-add portfolio offering long-term stability and growth. Buyer to verify all details. (13 total full baths, 1 per unit)
Details
Interior
- Appliances
- Free Standing Range, Free Standing Refrigerator
- Cooling
- No
- Heating
- Yes
- Heating description
- Baseboard, Wall Heater, Zoned
- Windows
- Aluminum Frames, Vinyl Frames
Exterior and lot
- Lot size
- 1.01 acres
- Lot features
- Level, Public Road, Secluded, Trees
- Architectural style
- One Story, Two Stories
- Roof
- Composition
- View
- No
Utilities
- Sewer
- Public Sewer
- Water source
- Public Water
Parking
- Garage spaces
- 4
- Parking
- Driveway, Off Street
- Total parking
- 4
Schools
- High school
- North Salem
- Middle school
- Parrish
- Elementary school
- Other
Location
- City
- Salem
- County
- Marion
- Zoning
- RM2
Taxes and dues
- Annual taxes
- $20,020 (2025)
Location
1779 Park Ave NE, Salem, OR 97301
Monthly payment estimate
$12,840 /mo
20% · $419,800
7.00%
- Principal and interest
- $11,172
- Property tax (2025)
- $1,668
- Total
- $12,840
Estimate only, and not an offer of credit. Assumes 20% down ($419,800) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.
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