5001 COLOMA CT Salem, OR $ 500,000
5001 COLOMA CT
$ 500,000
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5001 COLOMA CT

Salem, OR, 97306
$ 500,000
Bedrooms4 Baths4.0 Sq 2,006

Monthly Estimate*

$ 3,157

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Multi-Family Home for sale in Salem, OR

for $500,000 with 4 bedrooms and 4 full baths. This 2,006 square foot home was built in 1992 on a lot size of 0.22.

Excellent tenant-ready investment opportunity or owner-occupied duplex in South Salem! Situated on a spacious 0.22-acre corner lot, this duplex offers a total of 2,006 sq ft, with each unit featuring 1,003 sq ft of comfortable living space. Built in 1992, both two-story units have an efficient floor plan with 2 bedrooms & 2 full bathrooms (1 full bath upstairs & a second full bath on the main level combined with a convenient laundry area). Attached single-car garages provide additional storage & parking. Recent updates enhance the property's appeal, with Unit 5003 featuring all new interior paint, flooring, toilet & sink. Unit 5001 has brand-new carpet, newer vinyl flooring & paint. Units include covered patios, fenced/partially fenced backyards, offering private outdoor space for tenants or owners to enjoy. Unit 5001 has an auto-sized gate for RV/Boat parking & a 20x10 storage unit. Conveniently located in a desirable South Salem neighborhood near shopping, schools, parks, and commuter routes, this duplex presents a strong opportunity for investors seeking rental income or buyers looking to live in one unit while generating income from the other.

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Multi-Family Active

Price

$ 500,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,677

Style

Lot Size

0.22

Year Built

1992

Town/City

Salem

County/Region

Marion

MLS | Web ID

481539525

Features
General
Sewer PublicSewer
Heating WallHeater Zoned
Cooling None
Roof Composition
Zoning RA
Garage Spaces 1.0
Year Built 1992
Stories Count 2
Tax Year 2025
Parcel Number 587012
Gross Income 0
County Marion
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions South on Liberty West on Boone Right on Coloma Ct
High School Sprague
City Salem
Disclosures Disclosure
Number Of Units Total 2
MLS Area _170
Lot Size Square Feet 9583.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Liberty
Tax Annual Amount 5677.67
Middle/Junior High School Crossler
Virtual Tour https://www.zillow.com/view-imx/2e27f51b-b3a6-48a0-9c26-d425217b0cb7?wl=true&setAttribution=mls&initialViewType=pano
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description REDLAND ORCHARDS LOT 4 ACRES 0.215
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Interior
Basement CrawlSpace
Storage Attached Garage
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway Garage
Lot Features CornerLot Level
Water Source PublicWater
Exterior Description CementSiding
Building Area Total 2006.0
Lot Size Acres 0.22
Road Surface Type Paved
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Internal Only
Street Number 1 5001
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* Excluded Features
List By
Berkshire Hathaway Homeservices Nw Real Estate

Broker

laura@lauraoviatt.com

Email

Affordability Calculator

$3,630
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,157
Monthly Property Taxes
$473
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
1949366 Elementary School
1950143 Middle School
Sprague High School High School
Pricing History
DatePricePrice ChangeDescription
6/25/2026$500,000 Listed Price

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5001 COLOMA CT, Salem, OR, 97306 is a Multi-Family Home for sale at $500,000 with 2,006 sqft and a lot size of 0.22. 5001 COLOMA CT has 4 bedrooms, 4.0 baths, and was built in 1992. The property's zip code is 97306 which is in Salem, OR