Park Ave with ADU

1861 Park Ave NE, Salem, OR 97301

  • For Sale $650,000
  • Property Type Multi-Family
  • Property Size 1,198 SF
  • Units 1
  • Lot Size 0.14 Acre
  • Property Tenancy Single Tenant
  • Year Built 1935
  • Year Renovated 2024
  • Date Updated Feb 3, 2025
Property is on the west side of Park Ave NE between Sunnyview and Market St NE Salem, OR.Introducing a prime investment opportunity in the heart of Salem, Oregon. This meticulously renovated property offers a 1,198 SF building, featuring a newly added ADU, ideal for single family rental portfolio investment. Situated on a spacious .14 acre lot and zoned RS, this classic 1935-built gem has been thoughtfully updated in 2024. With a perfect balance of modern finishes and timeless charm, this property presents an attractive option for investors seeking a turnkey single family rental portfolio addition.
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Highlights

  • 1,198 SF building with modern updates
  • Charming 1935-built property, renovated in 2024
  • Ideal for single family rental portfolio investment
  • Spacious .14 acre lot with new ADU
  • Zoned RS, offering investment flexibility

Contacts

broker
George Grabenhorst

SVN | Commercial Advisors

Location

Getting Around

  • Walk Score ®

    46/100 Car-Dependent

  • Transit Score ®

    40/100 Some Transit

  • Bike Score ®

    89/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood Lansing
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    1.91 miles

  • Brooks Historical Society Depot

    7.02 miles

  • Hopmere Station

    7.11 miles

  • Shell

    0.14 miles

  • Arco

    0.18 miles

  • Pulse

    0.18 miles

  • Pacific Pride

    0.48 miles

  • Petrol Express

    0.60 miles

  • Fred Meyer Fuel

    0.72 miles

  • 76

    0.93 miles

  • ChargePoint

    1.12 miles

  • Electrify America

    1.21 miles

  • Blink

    1.35 miles

  • Market Street Park and Ride

    0.40 miles

  • WalMart North Park and Ride

    1.21 miles

  • Green Lot - Dept of Admin Services

    1.50 miles

  • Marion Parkade

    1.76 miles

  • State of Oregon Shuttle Mail Hub

    1.80 miles

  • Grace Baptist Church Park and Ride

    1.95 miles

  • Airport Road Park and Ride

    1.95 miles

  • Chemeketa Parkade

    1.96 miles

  • E Lot

    1.97 miles

  • Reserved Lot A

    1.97 miles

  • Holiday Inn

    0.35 miles

  • Shilo Inn and Suites

    0.39 miles

  • DoubleTree

    0.51 miles

  • Motel 6 Salem

    0.54 miles

  • Holiday Lodge Motel

    0.58 miles

  • Capital Inn & Suites

    0.58 miles

  • Days Inn Black Bear

    0.65 miles

  • Traveler's Inn

    1.14 miles

  • Motel 6

    1.15 miles

  • Knights Inn

    1.50 miles

  • Rocco's Grill

    0.20 miles

  • DQ Grill & Chill

    0.21 miles

  • Mexiyaki Sports Bar and Grill

    0.28 miles

  • Nancy Jo's Burgers & Fries

    0.29 miles

  • Capitol City Grill

    0.34 miles

  • Sassy Onion

    0.39 miles

  • Bag o' Crab

    0.45 miles

  • McDonald's

    0.48 miles

  • Subway

    0.50 miles

  • Denny's

    0.68 miles

  • Hoover Elementary School

    0.56 miles

  • Englewood Elementary School

    0.66 miles

  • Waldo Middle School

    0.77 miles

  • Washington Elementary School

    0.86 miles

  • Saint Vincent de Paul Catholic School

    1.09 miles

  • Douglas McKay High School

    1.11 miles

  • Blanchet Catholic School

    1.19 miles

  • Parish Middle School

    1.21 miles

  • North Salem High School

    1.25 miles

  • Grant Community School

    1.26 miles

  • East Salem Headstart (pre-school)

    1.43 miles

  • Little Friends Montessori School

    1.74 miles

  • Little Village Learning Center

    2.16 miles

  • Wallace Learning Center

    2.37 miles

  • Kuebler Early Learning Center

    5.16 miles

Frequently Asked Questions

How much does Park Ave with ADU cost?

The space currently listed for sale at Park Ave with ADU asks for $650,000.

What is the total square footage of Park Ave with ADU?

Park Ave with ADU totals 1,198 square feet.

When was this property built?

Park Ave with ADU was built in 1935.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
George Grabenhorst

SVN | Commercial Advisors

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