$1,025,000

1214 Dorval Ave NW Salem, OR 97304

West Salem Neighborhood

Estimated payment $6,366/month

Total Views 2,755
-- Bed
-- Bath
6,330 Sq Ft
$162 Price per Sq Ft

Highlights

  • Mountain View
  • Private Lot
  • Landscaped with Trees
  • Hilly Lot
  • Storage
  • Zoned Heating

About This Home

Turn-key 5-plex in a prime West Salem location, offered at a 6.5% cap rate. Each unit features 2 bedrooms, 1.5 baths, in-unit laundry, and covered parking—ideal for attracting quality, long-term tenants. Built in 1977 with a history of low vacancy and strong performance. Close to downtown, shopping, hospitals, and major commute routes. Steady cash flow and long-term appreciation makes this a smart addition to your portfolio. Call with questions, invest in your future!

Listing Agent

George Michael Wright

RE/MAX Integrity License #201224359

RE/MAX Integrity

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,742

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 78x183
  • Private Lot
  • Gentle Sloping Lot
  • Hilly Lot
  • Cleared Lot
  • Landscaped with Trees

Property Views

  • Mountain
  • Territorial

Home Design

  • Slab Foundation
  • Stem Wall Foundation
  • Metal Roof
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,330 Sq Ft Home
  • 2-Story Property
  • Storage
  • Finished Basement
  • Natural lighting in basement

Parking

  • 7 Parking Spaces
  • Carport
  • Off-Street Parking

Schools

  • Harritt Elementary School
  • Walker Middle School
  • West Salem High School

Utilities

  • No Cooling
  • Zoned Heating
  • Baseboard Heating
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 339119

Community Details

Overview

  • 5 Units
  • 1214 1224 Dorval Subdivision
  • Property managed by Jars of Clay Property Manageme

Building Details

  • Operating Expense $22,257
  • Gross Income $88,980
  • Net Operating Income $66,723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,742

Year Built

Built in 1977 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1977
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight, Finished
  • Storage: Attached
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding,WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter, Slab, StemWall
  • View: Yes
  • Lot Features: Cleared, GentleSloping, Hilly, Private, Trees
  • Road Surface Type: Paved
  • Roof: Metal
  • View: Mountain,Territorial

Garage/Parking

  • Parking Description: Carport, OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 7.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Tank
  • Internet Service Type: Cable,DSL
  • Security: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Jars of Clay Property Manageme

Schools

  • Elementary School: Harritt
  • High School: West Salem
  • Middle Or Junior School: Walker

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.34
  • Lot Size: 78x183
  • Lot Size Sq Ft: 14810.0
  • Parcel #: 339119

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 7741.75
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 11.52
  • Annual Gross Income: 88980.0
  • Property Net Operating Income: 66723.0
  • Annual Operating Expense: 22257.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2025 04/03/25 For Sale $1,025,000 -- $162 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Similar Home in Salem, OR

  • 1214 Dorval Ave NW, Salem, OR 97304

    $1,025,000

    • 10 Beds
    • 7.5 Baths
    • 6,330 Sq Ft
    • 1214 Dorval Ave NW
    • Salem, OR

    Turn-key 5-plex in a prime West Salem location, offered at a 6.5% cap rate. Each unit features 2 bedrooms, 1.5 baths, in-unit laundry, and covered parking—ideal for attracting quality, long-term tenants. Built in 1977 with a history of low vacancy and strong performance. Close to downtown, shopping, hospitals, and major commute routes. Steady cash flow and long-term appreciation makes this a

    George Michael Wright RE/MAX INTEGRITY - SALEM

    Section Image
See All Homes in Salem

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 584253865

Regional Multiple Listing Service (RMLS)

APN: 339119

Oregon Polk County Salem 97304 West Salem

1214 Dorval Ave NW, Salem, OR

Homes for Sale in Salem, OR

This home is located at 1214 Dorval Ave NW, Salem, OR 97304 and is currently priced at $1,025,000, approximately $161 per square foot. This property was built in 1977. 1214 Dorval Ave NW is a home located in Polk County with nearby schools including Harritt Elementary School, Walker Middle School, and West Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

George Michael Wright
Listing Agent
George Michael Wright
Section Image
RE/MAX Integrity
(503) 994-1199