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Two-Unit Duplex with Full Basement
For Sale
$74,995
Pending

307 W 7th Street, Salem, MO 65560

Residential Income, Salem, MO

Property Size1,551 SF
Lot Size0.11 Acres
Days on Market43

Property Features for 307 W 7th Street

General Information

Property type Residential Multi Family
Property subtype Other
Subdivision Clarks North Ad
Elementary school Salem Upper Elem.
Middle school Salem Jr. High
High school Salem Sr. High
Elementary school district Salem R-80
Middle school district Salem R-80
High school district Salem R-80
Directions In the city, GPS gets you there.
Standard status Pending
APN 08-6.0-13-1-22-003.001
Size 1,551 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 461

Utilities

Cooling system Wall/Window Unit(s), Window Unit(s)

Building Details

Year built 1965
Building materials Frame
Architectural style Other
Listing Agency: Platinum Realty of St. Louis
Listed By: Lance Mayfield · License #2017008715
Added: Jul 22 Changed: Aug 19 Last Checked: Sep 2 at 10:06AM
MLS# 26025391

Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1965, this frame duplex contains two separate residences, each with two bedrooms, a living room, bathroom, and kitchen. The property totals 1,551 square feet and includes a full basement beneath the structure, providing a two-car garage and additional storage. Central heating serves the building, while cooling is provided by wall or window units.

The 0.1148-acre property is located at 307 W 7th Street in Salem, Missouri, near the city’s main business district. Its two-unit layout, basement storage, and attached garage provide a practical residential income configuration.

Key Highlights

  • Two‑unit duplex with 1,551 square feet of building area
  • Each side includes two bedrooms, a living room, bathroom, and kitchen
  • Full basement beneath the entire structure

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Bakery HVAC Service Locksmith Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

345
Businesses Nearby

Demographics for 65560, MO

13,292
Population
6,355
Households
2.1
Avg Household Size
45
Median Age
18%
College-Educated
85%
High-School Grad
664.2 sq mi
ZIP Area
20
Density / Sq Mi
$53,423
Median Household Income
$33,606
Median Earnings
$625
Median Rent
$141,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Frame duplex near Salem’s main business district with two-bedroom residences, central heat, and window air conditioning.
Where is this duplex located?
The property is located at 307 W 7th Street Salem, MO.
What is the asking price?
The asking price for this property is $74,995.
What are key features of this property?
This property features: Two‑unit duplex with 1,551 square feet of building area; Each side includes two bedrooms, a living room, bathroom, and kitchen; Full basement beneath the entire structure
More about this property
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