274 Senate St NW NW new Save Request In-Person Tour Request Virtual Tour
Salem,OR 97304
Key Details
Property Type Single Family Home
Sub Type Residence
Listing Status Active
Purchase Type For Sale
Square Footage 610 sqft
Price per Sqft $326
Subdivision Kingwood Park
MLS Listing ID 829516
Bedrooms 2
Full Baths 1
Year Built 1910
Annual Tax Amount $1,436
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Residence
Property Description
Investor alert! Endless Potential in Prime Location. This 2 bedroom, 1 bath cottage sits on a generous 5,550 square foot corner lot and offers multiple paths for upside. While the 610 square foot home needs work, it is priced accordingly and positioned to one end of the lot, making it an ideal opportunity for redevelopment or expansion. Options include renovating the existing home and enjoying a large private yard, adding one or two additional units, or starting fresh with new construction. Located in a highly walkable area near shopping, parks, and transit, this property offers strong rental demand and long term appreciation potential. Do not miss this value add opportunity in a location that supports both creativity and returns.
Location
State OR
County Polk
Area 60 Northwest Salem
Rooms
Primary Bedroom Level 1/Main
Dining Room Area (Combination)
Interior
Hot Water Electric
Heating Electric
Cooling Electric
Flooring Tile,Vinyl,Wood
Exterior
Parking Features None
Fence Partial
Roof Type Composition
Garage No
Building
New Construction No
Schools
Middle Schools Walker
High Schools West Salem
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash