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2027 Coral Ave NE, Salem
$400,000
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- Price per sqft
- $215.98
- Built in
- 1948
- Property size
- 1,852 sqft
- Lot size
- 9,583 sqft
- Property type
- Residential
- Days on market
- 137
Overview
This property opens the door to a variety of possibilities with a single-family home and duplex situated on one lot. Whether you're looking to offset your mortgage with rental income, expand your investment portfolio, or create a multigenerational living setup, opportunities like this are hard to find. The duplex features two 1-bedroom, 1-bathroom units and has a strong rental history with minimal vacancies. The main home has updated plumbing, while the property also includes underground sprinklers in both the front and backyard, a spacious yard, and additional storage with a shed. The home roof was replaced approximately 3 years ago with a Presidential roof, and the shed roof is approximately 4 years old. RV parking adds even more flexibility. Convenient Salem location close to shopping, dining, schools, and everyday amenities. Rare chance to own multiple income-producing units on a single parcel.
Details
Interior
- Appliances
- Free Standing Range, Free Standing Refrigerator
- Fireplace
- Yes
- Fireplaces
- 1
- Fireplace description
- Wood Burning
- Cooling
- No
- Cooling description
- None
- Heating
- Yes
- Heating description
- Forced Air
Exterior and lot
- Lot size
- 9,583 sqft
- Exterior features
- Accessory Dwelling Unit, Covered Deck, Fenced, RV Parking, RV / Boat Storage, Second Residence, Security Lights, Yard
- Lot features
- Corner Lot
- Architectural style
- Bungalow
- Roof
- Composition
- View
- No
Utilities
- Sewer
- Public Sewer
- Water source
- Public Water
Parking
- Garage spaces
- 0
- Parking
- Driveway, On Street
- Total parking
- 0
Schools
- High school
- McKay
- Middle school
- Waldo
- Elementary school
- Swegle
Location
- City
- Salem
- County
- Marion
- Zoning
- RS
Taxes and dues
- Annual taxes
- $3,447 (2025)
Location
2027 Coral Ave NE, Salem, OR 97305
Monthly payment estimate
$2,416 /mo
- Principal and interest
- $2,129
- Property tax (2025)
- $287
- Total
- $2,416
Estimate only, and not an offer of credit. Assumes 20% down ($80,000) 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.
