About 1540 Salem Ave
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.
Features of 1540 Salem Ave
| MLS® # | 781957710 |
|---|---|
| Price | $499,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,716 |
| Acres | 0.66 |
| Year Built | 1895 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | 1 Story |
| Status | Active |
Community Information
| Address | 1540 Salem Ave |
|---|---|
| Area | 221 - Linn County |
| City | Albany |
| County | Linn |
| State | OR |
| Zip Code | 97321 |
Amenities
| Parking | Driveway |
|---|---|
| View | Territorial |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Laminate Flooring, Tile Floor, Wall to Wall Carpet |
|---|---|
| Appliances | Dishwasher, Free-Standing Range, Free-Standing Refrigerator |
| Heating | Wall Furnace |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Electric, Gas |
| # of Stories | 1 |
Exterior
| Exterior | T-111 Siding |
|---|---|
| Exterior Features | Deck, Tool Shed |
| Lot Description | Level |
| Roof | Composition |
School Information
| Elementary | Waverly |
|---|---|
| Middle | Memorial |
| High | West Albany |
Additional Information
| Date Listed | August 7th, 2026 |
|---|---|
| Days on Market | 44 |
| Zoning | RSFR |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | eXp Realty, LLC |
|---|---|
| Contact Info | 503-559-2489 |