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1540 Salem Ave, Albany
$499,000
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- Price per sqft
- $290.79
- Built in
- 1895
- Property size
- 1,716 sqft
- Lot size
- 28,750 sqft
- Property type
- Residential
- Days on market
- 86
Overview
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 midterm rental, generating $2,500/ month in come. 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.
Details
Interior
- Interior features
- Laminate Flooring, Tile Floor, Wall to Wall Carpet
- Appliances
- Dishwasher, Free Standing Range, Free Standing Refrigerator
- Fireplace
- Yes
- Fireplaces
- 1
- Fireplace description
- Electric, Gas
- Cooling
- No
- Heating
- Yes
- Heating description
- Wall Furnace
Exterior and lot
- Lot size
- 28,750 sqft
- Exterior features
- Deck, Tool Shed
- Lot features
- Level
- Architectural style
- One Story
- Roof
- Composition
- View
- Yes
- View description
- Territorial
Utilities
- Sewer
- Public Sewer
- Water source
- Public Water
Parking
- Garage spaces
- 0
- Parking
- Driveway
- Total parking
- 0
Schools
- High school
- West Albany
- Middle school
- Memorial
- Elementary school
- Waverly
Location
- City
- Albany
- County
- Linn
- Zoning
- RSFR
Taxes and dues
- Annual taxes
- $4,614 (2025)
Location
1540 Salem Ave, Albany, OR 97321
Monthly payment estimate
$3,040 /mo
- Principal and interest
- $2,656
- Property tax (2025)
- $384
- Total
- $3,040
Estimate only, and not an offer of credit. Assumes 20% down ($99,800) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.
