Two-Home Multifamily
For Sale
$579,000
1540 Salem Ave SE, Albany, OR 97321
Two residences share one tax lot, with deck access and views overlooking Periwinkle Creek.
Property Size1,716 SF
Price / SF$337.41
Days on Market26
Property Features for 1540 Salem Ave SE
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$30,000
Multifamily Units
2
Amenities
deck
creek views
Building Details
Year Built
1895
Buildings
2
Listing Agency:
EXP REALTY, LLC
(503) 559-2489
Listed By:
RICKY CEDILLO
Source:
Wisser
Added: Aug 4
Changed: Aug 28
Last Checked: Aug 29 at 12:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This multifamily property combines two homes on a single tax lot, offering 1,716 square feet of total property size and a flexible residential configuration. One home is vacant and includes new carpet, laminate flooring, and a spacious deck oriented toward views of Periwinkle Creek. The second home is fully furnished, has been well maintained, and includes a remodeled bathroom.
The property is located at 1540 Salem Ave SE in Albany, Oregon. The second residence sits across from King Kone, providing a recognizable local point of reference. Built in 1895, the property can accommodate separate household arrangements, owner occupancy with an additional residence, or continued use of both homes as residential rentals, consistent with the existing setup.
The property is located at 1540 Salem Ave SE in Albany, Oregon. The second residence sits across from King Kone, providing a recognizable local point of reference. Built in 1895, the property can accommodate separate household arrangements, owner occupancy with an additional residence, or continued use of both homes as residential rentals, consistent with the existing setup.
Key Highlights
- Two homes situated on one tax lot
- 1,716 square feet of total property size
- Vacant home with new carpet and laminate flooring
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
Business Placement
Demographics for 97321, OR
30,291
Population
11,790
Households
2.6
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
69.1 sq mi
ZIP Area
438
Density / Sq Mi
$95,687
Median Household Income
$45,963
Median Earnings
$1,264
Median Rent
$442,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences share one tax lot, with deck access and views overlooking Periwinkle Creek.
Where is this multifamily property located?
The property is located at 1540 Salem Ave SE Albany, OR.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two homes situated on one tax lot; 1,716 square feet of total property size; Vacant home with new carpet and laminate flooring
