2806 Livingston (-2808) St NE, Salem, OR 97301

Local realty services provided by:Better Homes and Gardens Real Estate Equinox
Listed by:melina tomsonDirec: 503-428-3239
Office:tomson burnham, llc.
MLS#:828137
Source:OR_WVMLS
2806 Livingston (-2808) St NE,Salem, OR 97301
$518,000
  • - Beds
  • 2 Baths
  • 2,474 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$518,000
  • Price per sq. ft.:$209.38

About this home

Solid investment duplex in a strong rental market! This well-maintained property features two separately metered units: a spacious 3-bedroom unit estimated to rent for $2,400/month, and a cozy 1-bedroom unit projected at $1,200/month. Current market rents generate a combined $44,400 in annual gross income with tenants covering all utilities except water/sewer. Refer to WVMLS #827762 With a projected cap rate over 5% and cash-on-cash returns approaching 6% by year two (including rent growth and tax benefits), this property offers investors a balanced blend of immediate cash flow and long-term equity growth.Recent upgrades and reliable tenant demand help minimize vacancy, currently averaging just 1% in this area. Located near key commuter routes and local amenities, this is an ideal addition to any rental portfolio—or a perfect opportunity for owner-occupancy with rental income offsetting your mortgage.

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Home facts

  • Year built:1952
  • Listing ID #:828137
  • Added:153 day(s) ago
  • Updated:September 14, 2025 at 02:24 PM

Rooms and interior

  • Total bathrooms:2
  • Living area:2,474 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1952
  • Building area:2,474 sq. ft.
  • Lot area:0.21 Acres

Schools

  • High school:North Salem
  • Middle school:Waldo
  • Elementary school:Washington

Utilities

  • Water:City

Finances and disclosures

  • Price:$518,000
  • Price per sq. ft.:$209.38
  • Tax amount:$3,668 (2024-2025)
MLS LogoBased on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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