2806 Livingston (-2808) St NE, Salem, OR 97301

Solid investment duplex in a strong rental market! This well-maintained property features two separately metered units: a spacious 3-bedroom unit estimated to rent for $2,400/month, and a cozy 1-bedroom unit projected at $1,200/month. Current market rents generate a combined $44,400 in annual gross income with tenants covering all utilities except water/sewer. Refer to WVMLS #827762 With a projected cap rate over 5% and cash-on-cash returns approaching 6% by year two (including rent growth and tax benefits), this property offers investors a balanced blend of immediate cash flow and long-term equity growth.Recent upgrades and reliable tenant demand help minimize vacancy, currently averaging just 1% in this area. Located near key commuter routes and local amenities, this is an ideal addition to any rental portfolio—or a perfect opportunity for owner-occupancy with rental income offsetting your mortgage.