About This Home

This 4-bedroom, 1-bathroom single family at 2027 CORAL Ave NE in Salem, OR is listed for $400,000 ($216 per sqft). Built in 1948, the home offers 1,852 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1948
  • 0.22 acre lot
  • 2 stories

Property Details

2 stories
1 full
1948
Listing Description

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.

Monthly Cost Estimate

$2,139/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,733
Insurance$117

Estimates only. Actual payments may vary.

Location

2027 CORAL Ave NE

Salem, OR 97305

Features & Amenities

Exterior Features

AccessoryDwellingUnitCoveredDeckFencedRVParkingRVBoatStorageSecondResidenceSecurityLightsYard

Property Details

Outdoor Features

Deck

Heating

Forced Air

Appliances

FreeStandingRangeFreeStandingRefrigerator

Questions & Answers

This 4-bedroom, 1-bathroom single family at 2027 CORAL Ave NE is listed at $400,000 ($216/sqft). The estimated monthly payment is $2,140 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1948, 0.22 acre lot, 2 stories. Exterior Features: AccessoryDwellingUnit, CoveredDeck, Fenced.

This property is listed by Jacqueline Smith.

JS

Jacqueline Smith

Agent at Keller Williams Premier Partners

Listed by Keller Williams Premier Partners · Broker phone: (360) 693-3336 · View on Broker Site · Broker website

MLS# 498772327· Source: Regional Multiple Listing Services· 134 days on PropertySimple

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2027 CORAL Ave NE, Salem, OR 97305

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