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About This Home
This 3-bedroom, 2-bathroom residential multi family at 1540 Salem (-1530) Av SE in Albany, OR is listed for $599,000 ($349 per sqft). Built in 1895, the home offers 1,716 sqft of living space on a 0.66 acres lot.
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 sou
nds 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.
Key Features
- Built in 1895
- 0.66 acre lot
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$3,204/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1540 Salem (-1530) Av SE
Albany, OR 97321
Allen and Hawkins
Property Details
Flooring
Pool Features
Heating
Questions & Answers
This 3-bedroom, 2-bathroom residential multi family at 1540 Salem (-1530) Av SE is listed at $599,000 ($349/sqft). The estimated monthly payment is $2,596 based on 20% down at 6.5% interest.
Key features include: Built in 1895, 0.66 acre lot, Fireplace.
This property is listed by RICKY CEDILLO and can be reached at 5035592489 or Ricardo.Cedillo@exprealty.com.








