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Listed by RICKY CEDILLO • EXP REALTY, LLC • 503-559-2489

$ 579,000

Est. payment -/mo

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Price Dropped by $20K

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

3 Beds

2 Baths

1,716 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,716 sqft

Price per Sqft $337

Subdivision Allen And Hawkins

MLS Listing ID 841986

Bedrooms 3

Year Built 1895

Annual Tax Amount $4,480

Tax Year 2024

Lot Size 0.660 Acres

Acres 0.66

Property Sub-Type Duplex

Property 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

State OR

County Linn

Area 80 Linn County

Rooms

Other Rooms Breakfast Room/Nook, Loft, Mudroom, Office, Rec Room

Basement Full

Dining Room Formal

Interior

Hot Water Gas

Heating Electric, Wall Furnace

Flooring Carpet, Laminate, Tile

Fireplaces Type Electric, Gas, Living Room

Laundry W/D Hookup, W/D Included

Exterior

Fence Yes

Roof Type Composition

Building

Foundation Continuous

Water City

New Construction No

Schools

Elementary Schools Waverly

Middle Schools Memorial

High Schools West Albany

Others

Acceptable Financing FHA, Cash, ODVA, Federal Land Bank, Conventional

Listing Terms FHA, Cash, ODVA, Federal Land Bank, Conventional

NEARBY SCHOOLS & PROPERTIES

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124