429 SE PALOMINO CT Sublimity, OR $ 800,000
429 SE PALOMINO CT
$ 800,000
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429 SE PALOMINO CT

Sublimity, OR, 97385
$ 800,000
Bedrooms6 Baths4.0 Sq 2,600

Monthly Estimate*

$ 4,991

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Multi-Family Home for sale in Sublimity, OR

for $800,000 with 6 bedrooms and 4 full baths. This 2,600 square foot home was built in 2019 on a lot size of 0.25.

This exceptional duplex investment property is located in the charming small town of Sublimity, Oregon, just minutes from Salem. Built in 2019, the property features 2,614 total square feet (approximately 1,300 Sq. Ft. per/side) on a beautifully landscaped corner lot. Each unit includes:* 3 bedrooms, 2 bathrooms* Open-concept floorplan with modern finishes* Attached 2-car garage* Central Air Conditioning* Luxury Vinyl Plank Floors thought each unit * Natural Gas furnace and water heater* Dishwasher, disposal, refrigerator, and built-in range* Patio* Underground sprinkler systemBoth units are fully leased, generating $2,300 and $2,350 in monthly rent. This is a well-maintained, low-vacancy property with excellent rental history and curb appeal.

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Multi-Family Active

Price

$ 800,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,486

Style

Lot Size

0.25

Year Built

2019

Town/City

Sublimity

County/Region

Marion

MLS | Web ID

739104035

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Zoning R-1
Garage Spaces 2.0
Security Features None
Year Built 2019
Stories Count 1
Tax Year 2024
Parcel Number 357230
Gross Income 49944.0
Community Features AllLandscaping
County Marion
Net Operating Income 35507.0
Operating Expense 15438.0
Property Type MultiFamily
HOA N
Rent Includes MaintenanceGrounds
Status Active
Directions Center St west on Church right on Belgian left on Pinto home is on the corner of Pinto &Palomino
High School Stayton
City Sublimity
Number Of Units Total 2
MLS Area _170
Lot Size Square Feet 10890.0
Listing Terms Cash Conventional FHA
Elementary School Sublimity
Tax Annual Amount 4486.04
Middle/Junior High School Sublimity
Property Condition Existing
Virtual Tour https://my.matterport.com/show/?m=tkJZHbCF63V
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description CASCADE CREST LOT 8 ACRES 0.25
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Interior
Storage None
Unit 1 Baths Total 2
Unit 1 Beds Total 3
Unit 2 Baths Total 2
Unit 2 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Attached GarageDoorOpener
Lot Features CornerLot Level PublicRoad
Water Source PublicWater
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Building Area Total 2600.0
Lot Size Acres 0.25
Road Surface Type Paved
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Internal Only
Street Number 1 429
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* Excluded Features
List By
Paluska Real Estate

Broker

503-585-3249

Contact

Affordability Calculator

$5,365
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,991
Monthly Property Taxes
$374
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1950088 Elementary School
3295222 Middle School
Stayton High School High School
Pricing History
DatePricePrice ChangeDescription
8/6/2025$800,000 Listed Price

Map


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429 SE PALOMINO CT, Sublimity, OR, 97385 is a Multi-Family Home for sale at $800,000 with 2,600 sqft and a lot size of 0.25. 429 SE PALOMINO CT has 6 bedrooms, 4.0 baths, and was built in 2019. The property's zip code is 97385 which is in Sublimity, OR