1540 Salem (-1530) Av SE, Albany, OR 97321
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
Listed by: ricky cedillo503-559-2489
Office: exp realty, llc.888-814-9613
MLS#:841986
Source:OR_WVMLS
1540 Salem (-1530) Av SE,Albany, OR 97321
$599,000
- - Beds
- 2 Baths
- 1,716 sq. ft.
- Multi-family
- Active
Price summary
- Price:$599,000
- Price per sq. ft.:$349.07
About this home
Rare opportunity to own two homes on one tax lot! Whether you're looking for multi-generational living, rental income, or a flexible investment, this property offers endless possibilities. The second home is currently operating as a fully furnished mid-term rental, generating $2,500/month in income. Live in one home while offsetting your mortgage with the other, or keep both as income-producing properties. A unique setup with built-in flexibility and earning potential! Seller is a licensed real estate agent Here's an additional description that keeps a casual, buyer-focused tone:What makes this property truly special is that each home offers its own unique charm and lifestyle. The vacant home is move-in ready and features brand-new carpet and laminate flooring, making it an easy transition for an owner-occupant or future tenant. Step outside onto the spacious deck and enjoy peaceful views overlooking Periwinkle Creek—a perfect spot for your morning coffee, unwinding after a long day, or simply enjoying the sights and sounds of nature right from your backyard.The second home sits directly across from the iconic King Kone, putting one of Albany’s most beloved local landmarks just steps away. This home has been meticulously maintained and features an immaculate bathroom remodel that blends modern style with everyday functionality. Currently operating as a fully furnished mid-term rental, it generates $2,500 per month in income and has proven itself as a strong revenue-producing asset.Whether you're looking to create a multi-generational living arrangement, house extended family nearby while maintaining privacy, live in one home and rent the other, or expand your real estate portfolio with a property that already has established income, the possibilities here are hard to find. Opportunities like this—two homes, one tax lot, income potential, creek views, and flexible living arrangements—don't come along often....
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Home facts
- Year built:1895
- Listing ID #:841986
- Added:1 day(s) ago
- Updated:June 24, 2026 at 03:32 PM
Rooms and interior
- Total bathrooms:2
- Flooring:Carpet, Laminate, Tile
- Dining Description:Formal Dining Room
- Kitchen Description:Dishwasher, Range: Electric, Range: Gas
- Basement Description:Full
- Living area:1,716 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1895
- Building area:1,716 sq. ft.
- Lot area:0.66 Acres
- Lot Features:Irregular
- Exterior Features:Deck, Fenced Yard, Underground Sprinklers
- Foundation Description:Continuous
Schools
- High school:West Albany
- Middle school:Memorial
- Elementary school:Waverly
Utilities
- Water:City
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$349.07
- Tax amount:$4,480 (2024)
Features and amenities
- Amenities:Gas Water Heater
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