441 NORWAY ST
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441 NORWAY ST

Salem, OR, 97301 Bedrooms8 Baths4.0 Sq 6,007

Monthly Estimate*

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441 NORWAY ST, Salem, OR 97301 - Image 1
441 NORWAY ST, Salem, OR 97301 - Image 2
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Multi-Family Home for sale in Salem, OR

with 8 bedrooms and 4 full baths. This 6,007 square foot home was built in 2009 on a lot size of 0.14.

This two-story duplex is being offered as part of a 13-property, 43-unit residential portfolio that is 98% leased and will be sold via Sealed Bid Auction on June 3, 2026. 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 bathrooms, and an attached garage, and has historically been leased to college students at $625 per bedroom ($2,500 per unit). Current one-year leases expire in June. The property includes a small fenced backyard and offers potential for owner occupancy. Projected 2026 gross income is $60,000, with real estate taxes of $6,783. Landlord pays water, sewer, trash, and landscaping.

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Multi-Family Active

Price

$ 0

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,783

Style

Lot Size

0.14

Year Built

2009

Town/City

Salem

County/Region

Marion

MLS | Web ID

480831628

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Zoning RM2
Garage Spaces 2.0
Year Built 2009
Stories Count 2
Tax Year 2025
Parcel Number 584530
Gross Income 60000.0
County Marion
Net Operating Income 46394.0
Operating Expense 13606.0
Property Type MultiFamily
HOA N
Rent Includes MaintenanceGrounds Sewer TrashCollection Water
Status Active
Directions 4th St NE / Norway St NE
High School North Salem
City Salem
Disclosures Disclosure
Number Of Units Total 2
MLS Area _176
Lot Size Square Feet 6098.0
Listing Terms Cash
Elementary School Other
Tax Annual Amount 6783.78
Middle/Junior High School Parrish
Property Condition Existing
Virtual Tour https://youtu.be/LaRDuX2qMtI
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description P.P. 2009-008 PARCEL 2
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Interior
Basement None
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 4
Unit 2 Baths Total 2
Unit 2 Beds Total 4
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Garage
Lot Features Level PublicRoad
Water Source PublicWater
Exterior Description CementSiding LapSiding
Foundation Details Slab
Building Area Total 6007.0
Lot Size Acres 0.14
Road Surface Type Paved
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Internal Only
Street Number 1 441
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* Excluded Features
List By
Realty Marketing / Northwest

Broker

colleen@rmnw-auctions.com

Email

Affordability Calculator

$565
Per Month
0%
100%
0%
Monthly Principal & Interest
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Monthly Property Taxes
$565
Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% 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
4478658 Elementary School
1951177 Middle School
North Salem High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2026$0 Listed Price

Map


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441 NORWAY ST, Salem, OR, 97301 is a Multi-Family Home for sale at $0 with 6,007 sqft and a lot size of 0.14. 441 NORWAY ST has 8 bedrooms, 4.0 baths, and was built in 2009. The property's zip code is 97301 which is in Salem, OR