# 1540 Salem (-1530) Av SE, Albany, OR 97321

> **TL;DR:** 3bd/2ba residential multi family, $599,000 ($349/sqft), built 1895, 1,716 sqft.
> Fireplace. Est. $2,596/mo. Listed 3 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $599,000 |
| Price/sqft | $349 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Square Feet | 1,716 |
| Year Built | 1895 |
| Lot Size | 28,750 sqft (0.66 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 3 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,596 |
| **Total** | **$2,596** |

## Nearby Schools

- **Elementary:** Waverly
- **Middle:** Memorial
- **High:** West Albany

## Key Amenities

- Fireplace

## Property Highlights

- Built in 1895
- 0.66 acre lot
- Fireplace

## Description

### Agent Description
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.

## Location

- **Address:** 1540 Salem (-1530) Av SE, Albany, OR 97321
- **County:** Linn
- **Neighborhood:** Allen and Hawkins
- **Coordinates:** 44.637646, -123.086189
- **Google Maps:** https://www.google.com/maps?q=44.637646,-123.086189

## Listing Agent

- **Name:** RICKY CEDILLO
- **Brokerage:** EXP REALTY, LLC
- **Phone:** 5035592489
- **Email:** Ricardo.Cedillo@exprealty.com

## Primary Photo

![1540 Salem (-1530) Av SE - Primary Photo](http://lh.rdcpix.com/26723c7d8a56c2856cf53d848e1d9eccl-f3617945239r.jpg)

*45 total photos available on [listing page](https://www.propertysimple.com/listing/1540-salem-1530-av-se-albany-or-97321-r841986)*

---

**MLS#:** 841986 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1540-salem-1530-av-se-albany-or-97321-r841986)

---

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