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$850,000
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Property Description
This well-located West Salem 6-plex presents a compelling value-add investmentopportunity with immediate income upside. The building has solid bones and is positioned for both cosmetic upgrades and long-term repositioning.With strong rental demand in this established neighborhood, investorscan capture significant upside through renovations, rent adjustments, or a longtermhold with steady appreciation. This 6-plex provides a combination of in-placeincome with clear pathways to enhanced returns.
Full Property Details
Full Property Details for 1520-1530 7th St NW
General
- Price: $850,000
- Status: Active
- Type: Multi-Family
- Source: WVMLS
- MLS ID: 834341
- Updated: 10/7/2025
- Added to Site: 106 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 6
Location
- County: NORTHWEST SALEM
School Information
- Middle School: Walker
- High School: West Salem
Utilities
- Sewer: City
- Water: City
Structural Information
- Roof: Composition
- Square Feet: 4,000
- Year Built: 1972
Unit Information
- Units in Building: 6
Lot Features
- Lot Size (Acres): 0.24
- Zoning: RM2
- Lot Description: 400
Financial Considerations
- Price Per Sq. Ft.: $212.5
- Price Per Acre: $3,541,666.67
- Assessment Year: 1972
Disclosures and Reports
- Lot Number: 400
- Flood plain: Yes
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Price & Sales History for 1520-1530 7th St NW
Date
Details
Price
Change
Source
10/06/2025
Listed
$850,000
—
MLS
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 1520-1530 7th St NW
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,562
3%
$295,170
3%
2023
$5,401
6%
$286,580
6%
2021
$5,079
-3%
$270,140
-3%
2022
$5,228
3%
$278,240
6%
2021
$5,079
7%
$262,280
3%
2019
$4,756
2%
$254,650
3%
2018
$4,678
11%
$247,240
3%
2017
$4,215
2%
$240,040
3%
2016
$4,115
-1%
$233,050
3%
2015
$4,150
5%
$226,270
3%
2014
$3,965
2%
$219,680
3%
2013
$3,885
—
$213,290
—
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 1520-1530 7th St NW
1520-1530 7th St NW, Salem, OR 97304 (MLS# 834341) is a Multi-Family property with 6 units containing 6 bedrooms and 0 full bathrooms. 1520-1530 7th St NW is currently listed for $850,000 and was received on October 06, 2025. Want to learn more about 1520-1530 7th St NW? Do you have questions about finding other Multi-Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

