This exceptional duplex investment property is located in the charming small town of Sublimity, Oregon, just minutes from Salem. Built in 2019, the property features 2,614 total square feet (approximately 1,300 Sq. Ft. per/side) on a beautifully landscaped corner lot. Each unit includes:* 3 bedrooms, 2 bathrooms* Open-concept floorplan with modern finishes* Attached 2-car garage* Central Air Conditioning* Luxury Vinyl Plank Floors thought each unit * Natural Gas furnace and water heater* Dishwasher, disposal, refrigerator, and built-in range* Patio* Underground sprinkler systemBoth units are fully leased, generating $2,300 and $2,350 in monthly rent. This is a well-maintained, low-vacancy property with excellent rental history and curb appeal.
For sale
Listed by:
MIKE PALUSKA Cell:503-559-5423,
Paluska Real Estate
Price cut: $50K (7/1)
$800,000
429 SE Palomino Ct, Sublimity, OR 97385
6beds
4baths
2,600sqft
Est.:
Duplex
Built in 2019
-- sqft lot
$783,900 Zestimate®
$308/sqft
$-- HOA
What's special
Modern finishesOpen-concept floorplanCentral air conditioningLuxury vinyl plank floorsUnderground sprinkler systemNatural gas furnaceCorner lot
- 52 days
- on Zillow |
- 377 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: July 01, 2025 at 02:09pm
Listed by:
MIKE PALUSKA Cell:503-559-5423,
Paluska Real Estate
Source: WVMLS,MLS#: 830632

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Dining room
- Features: Area (Combination)
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Built-In Range, Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,600
- Total interior livable area: 2,600 sqft
Video & virtual tour
Property
Parking
- Parking features: Garage/2
Features
- Patio & porch: Patio
- Fencing: Fenced
Lot
- Size: 0.25 Acres
- Features: Irrigation System, Landscaped
Details
- Parcel number: 357230
- Zoning: R-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Fiber Cement, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 2019
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Sublimity
Financial & listing details
- Price per square foot: $308/sqft
- Tax assessed value: $680,620
- Annual tax amount: $4,487
- Price range: $800K - $800K
- Date on market: 6/25/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,1031 Exchange
- Total actual rent: 4650
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