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$499,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,716 Sq. Ft.
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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.

Full Property Details for 1540 Salem Ave

General

  • Price: $499,000
  • Taxes: $4,613 (2025)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 781957710
  • Updated: 9/18/2026
  • Added to Site: 67 day(s) ago

Interior

  • Interior Features: Laminate Flooring, Tile Floor, Wall to Wall Carpet
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Electric, Gas
  • Appliances: Dishwasher, Free-Standing Range, Free-Standing Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main - Full Baths: 2

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: Main
  • Bedroom 2: Main
  • Bedroom 3: Main

Other Rooms

  • Living Room: Main
  • Kitchen: Main
  • Office/Den/Study: Main
  • Loft: Upper
  • Mud Room: Main

Exterior

  • Exterior Features: Deck, Tool Shed

Parking

  • Parking Features: Driveway

Location

  • County: Linn
  • Driving Directions: SE Geary St

School Information

  • Elementary School: Waverly
  • Middle School: Memorial
  • High School: West Albany

Community

  • Community Name: 221 - Linn County

Heating & Cooling

  • Heating Type: Wall Furnace
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: 1 Story
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 1,716
  • Year Built: 1895
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.66
  • Lot Size (Sq. Ft.): 28,749
  • Lot Size: 20, 000 SqFt to .99 Acres
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Tax Amount: $4,613.98
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: 11S03W05CC
  • Disclosures/Reports: Disclosure
  • Property ID: 76014

Listed by eXp Realty, LLC (888) 814-9613, Ricky Cedillo (503) 559-2489

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Listing agent

— 1540 Salem Ave —

  • Ricky Cedillo

    eXp Realty, LLC

    888-814-9613

503-559-2489

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1540 Salem Ave

School District:Greater Albany School District 8j
NameGradesDistance
Waverly Elementary School
425 Columbus Street Southeast, Albany, OR 97321
K-50.4 mi
Memorial Middle School
1050 Southwest Queen Avenue, Albany, OR 97321
6-81.8 mi
West Albany High School
1130 Southwest Queen Avenue, Albany, OR 97321
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1540 Salem Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/18/2026
Price Reduced
$499,000
-5.83%
MLS
8/31/2026
Price Reduced
$529,900
-3.48%
MLS
8/07/2026
Listed
$549,000
42.6%
MLS
4/23/2021
Sold
$385,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1540 Salem Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,614
3%
$231,840
3%
2024
$4,480
3%
$225,090
3%
2023
$4,353
8%
$218,540
6%
2021
$4,032
-6%
$206,000
-3%
2022
$4,284
6%
$212,180
6%
2021
$4,032
4%
$200,000
3%
2019
$3,885
-2%
$194,180
3%
2018
$3,946
16%
$188,530
3%
2017
$3,407
10%
$183,040
3%
2016
$3,096
6%
$177,710
4%
2015
$2,915
9%
$170,680
9%
2014
$2,683
1%
$156,160
2%
2013
$2,654
—
$153,840
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1540 Salem Ave

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NMLS#: 1598647

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Listed by eXp Realty, LLC (888) 814-9613, Ricky Cedillo (503) 559-2489

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2020 Talbot Rd SE, Jefferson, OR 97352 - Photo 1 Just Listed
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Price Reduced near 1540 Salem Ave

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31919 N Lake Creek #41 Dr, Tangent, OR 97389 - Photo 1 Price Reduced
-$10,000 (-12.5%)
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31919 N Lake Creek #41 Dr  #41  Tangent, OR 97389

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Listed By: MARNIE. ZOA | Zoa Realty and EAVIE. HUNT | Zoa Realty
151 N 13th St, Jefferson, OR 97352 - Photo 1 Price Reduced
-$20,000 (-3.45%)
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  • Updated 3 days ago
  • 3
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  • 2
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  • 2,205
    Sq. Ft.
Listed By: LEANNA. LANGLEY | Nexthome Realty Connection
Lot 200 Bates St, Jefferson, OR 97352 - Photo 1 Price Reduced
-$186,000 (-18.88%)
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Listed By: LISA. HOEFER | Hub City Property Management
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1916 1920 SE 16th Av, Albany, OR 97321 - Photo 1 Sold
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1916 1920 SE 16th Av  Albany, OR 97321

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Listed By: CYNTHIA. RAMIREZ SOTO | Copper Tree Realty, Llc
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    Sq. Ft.
Listed By: ALEJANDRO. FERNANDEZ | Exp Realty, Llc
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2510 - 2530 Sherman St SE, Albany, OR 97322 - Photo 1 Sold
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Listed and Sold by SAMANTHA. ALLEY | Re/Max Integrity Corvallis Branch

1540 Salem Ave, Albany, OR 97321 (MLS# 781957710) is a Single Family property with 3 bedrooms and 2 full bathrooms. 1540 Salem Ave is currently listed for $499,000 and was received on August 07, 2026. Want to learn more about 1540 Salem Ave? Do you have questions about finding other Single Family real estate for sale in Albany? You can browse all Albany real estate or contact a Coldwell Banker agent to request more information.

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