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$320,000 -$5,000 (-1.54%) Price Reduced
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Property Description
**MOTIVATED SELLER** West Salem Equity Opportunity! Rare package featuring a classic bungalow with unexpected vaulted kitchen ceilings and a DETACHED ADU/STUDIO. Priced at $325,000. The home has had some updates and is ready for its new owner to make the home their own. The real treasure is the "secret garden" with established fruit trees (Cherry/Apricot) and 300+ tulips. ADU needs flooring/subfloor work but offers massive income potential. Located moments from Edgewater & River. Rehab financing friendly. While many homes dictate how you should live, this property invites you to create your own vision. Beyond the inviting front porch, the interior feels surprisingly expansive. The kitchen serves as the architectural surprise, anchored by soaring vaulted ceilings that flood the heart of the home with volume and airiness rarely found in this era. The main living area captures the "golden hour" light perfectly in the late afternoon. The layout is thoughtfully designed for privacy, with sleeping quarters positioned on opposite ends of the residence.The detached structure is the true value-add opportunity. Currently a blank slate awaiting new flooring and subfloor repair, this space represents massive equity potential. Whether you envision a dedicated art studio, a private home office, or a separate living quarter for multi-generational needs, the shell is here waiting for your finish work.Why wait decades for a landscape to mature? The current owners have cultivated a botanical masterpiece that would cost thousands to replicate. The East-side patio offers a private, cool retreat surrounded by an edible landscape, including Italian plum, Cherry, and Apricot trees, plus established raspberries, blueberries, and grapes. Best of all? Over 300 tulips are planted and ready to greet you with a spectacular show this Spring.This location offers exceptional access to the best of the community. You are located just moments from the vibrant Edgewater District, Urban Grange Coffee, local parks, and the pedestrian bridge connecting you to downtown Salem's dining and culture.This home is the perfect candidate for renovation financing (FHA 203(k) or Conventional HomeStyle®). These programs allow you to wrap the costs of interior/exterior painting and ADU updates into one single mortgage payment. Don't just buy a home; buy a project with a payoff.
Full Property Details
Full Property Details for 1018 7th St NW
General
- Price: $320,000
- Taxes: $1,934 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 835807
- Updated: 3/5/2026
- Added to Site: 91 day(s) ago
Interior
- Flooring: Carpet, Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Color: Blue/Gray
Parking
- Garage Description: Detached
Location
- County: NORTHWEST SALEM
- Subdivision: Water's Addition
- Driving Directions: Edgewater to Patterson St NW, Left on 7th
School Information
- Elementary School: Harritt
- Middle School: Walker
- High School: West Salem
Heating & Cooling
- Heating/Cooling: Electric, Wall Furnace
- Water Heater: Electric
Utilities
- Sewer: Yes
- Water: City
Structural Information
- Roof: Composition, Shingle
- Square Feet: 1,108
- Year Built: 1936
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,944
- Zoning: ESMU
- Lot Description: 3
Financial Considerations
- Price Per Sq. Ft.: $288.81
- Assessment Year: 1936
- Tax Amount: $1,934
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 3
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Schools
Schools serving 1018 7th St NW
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Harritt Elementary School 2112 Linwood Street Northwest, Salem, OR 97304 | PK-5 | 1.2 mi |
Walker Middle School 1075 8th Street Northwest, Salem, OR 97304 | 6-8 | 0.1 mi |
West Salem High School 1776 Titan Drive Northwest, Salem, OR 97304 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1018 7th St NW
Date
Details
Price
Change
Source
3/05/2026
Price Reduced
$320,000
-1.54%
MLS
12/04/2025
Listed
$325,000
71.96%
MLS
2/26/2020
Sold
$189,000
—
Public Record
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
Tax History for 1018 7th St NW
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,934
8%
$97,910
3%
2024
$1,791
3%
$95,060
3%
2023
$1,740
6%
$92,300
6%
2021
$1,636
-3%
$87,010
-3%
2022
$1,684
3%
$89,620
6%
2021
$1,636
7%
$84,480
3%
2019
$1,532
2%
$82,020
3%
2018
$1,507
11%
$79,640
3%
2017
$1,358
2%
$77,330
3%
2016
$1,326
-1%
$75,080
3%
2015
$1,337
5%
$72,900
3%
2014
$1,278
2%
$70,780
3%
2013
$1,252
—
$68,720
—
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
Estimate the Cost for 1018 7th St NW
1018 7th St NW, Salem, OR 97304 (MLS# 835807) is a Single Family property with 3 bedrooms and 2 full bathrooms. 1018 7th St NW is currently listed for $320,000 and was received on December 04, 2025. Want to learn more about 1018 7th St NW? Do you have questions about finding other Single Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

