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Listed by DANA and ALAN BURK • KELLER WILLIAMS CAPITAL CITY • Cell: 503-409-5861

$ 325,000

Est. payment -/mo

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Active

1018 7th St NW NW Salem, OR 97304

3 Beds

2 Baths

1,108 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,108 sqft

Price per Sqft $293

Subdivision Water'S Addition

MLS Listing ID 835807

Bedrooms 3

Full Baths 2

Year Built 1936

Annual Tax Amount $1,934

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Residence

Property Description

West Salem Equity Opportunity! Rare package featuring a classic bungalow with unexpected vaulted kitchen ceilings and a DETACHED ADU/STUDIO. Priced at $325,000. The home has had some updates and is ready for its new owner to make the home their own. The real treasure is the "secret garden" with established fruit trees (Fig/Cherry/Apricot) and 300+ tulips. ADU needs flooring/subfloor work but offers massive income potential. Located moments from Edgewater & River. Rehab financing friendly. Build wealth here! While many homes dictate how you should live, this property invites you to create your own vision. Beyond the inviting front porch, the interior feels surprisingly expansive. The kitchen serves as the architectural surprise, anchored by soaring vaulted ceilings that flood the heart of the home with volume and airiness rarely found in this era. The main living area captures the "golden hour" light perfectly in the late afternoon. The layout is thoughtfully designed for privacy, with sleeping quarters positioned on opposite ends of the residence.The detached structure is the true value-add opportunity. Currently a blank slate awaiting new flooring and subfloor repair, this space represents massive equity potential. Whether you envision a dedicated art studio, a private home office, or a separate living quarter for multi-generational needs, the shell is here waiting for your finish work.Why wait decades for a landscape to mature? The current owners have cultivated a botanical masterpiece that would cost thousands to replicate. The East-side patio offers a private, cool retreat surrounded by an edible landscape, including Italian Fig, Cherry, and Apricot trees, plus established raspberries, blueberries, and grapes. Best of all? Over 300 tulips are planted and ready to greet you with a spectacular show this Spring.This location offers exceptional access to the best of the community. You are located just moments from the vibrant Edgewater District, Urban Grange Coffee, local parks, and the pedestrian bridge connecting you to downtown Salem's dining and culture.This home is the perfect candidate for renovation financing (FHA 203(k) or Conventional HomeStyle®). These programs allow you to wrap the costs of interior/exterior painting and ADU updates into one single mortgage payment. Don't just buy a home; buy a project with a payoff.

Location

State OR

County Polk

Area 60 Northwest Salem

Rooms

Primary Bedroom Level 1/Main

Dining Room Area (Combination)

Kitchen 11'3 x 7'4

Interior

Hot Water Electric

Heating Electric, Wall Furnace

Cooling Electric, Wall Furnace

Flooring Carpet, Luxury Vinyl Plank

Inclusions Washer & Dyer

Exterior

Parking Features Detached

Garage Spaces 1.0

Fence Yes

View Territorial

Roof Type Composition,Shingle

Garage Yes

Building

Foundation Continuous

New Construction No

Schools

Middle Schools Walker

High Schools West Salem

Others

Senior Community No

Acceptable Financing Cash, Conventional, Rehab Loan

Listing Terms Cash, Conventional, Rehab Loan

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124