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$597,535

  • Sold
  • Closed
  • Multi-Family
  • 6 Total Beds

Listed By: CONRAD. VENTI | First Commercial Real Estate | (503) 559-2694
Sold by MONICA M.. DORRIS | Homestead Real Estate | Cell: 503-559-2694

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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 for 1520-1530 7th St NW

General

  • Sold For: $597,535
  • Status: Closed
  • Type: Multi-Family
  • Source: WVMLS
  • MLS ID: 834341
  • Added to Site: 372 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.: $149.38
  • Price Per Acre: $2,875,000
  • Assessment Year: 1972

Disclosures and Reports

  • Lot Number: 400
  • Flood plain: Yes

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NMLS#: 1598647

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NMLS#: 1598647

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Price & Sales History for 1520-1530 7th St NW

Date
Details
Price
Change
Source
9/18/2026
Sold
$597,535
-13.4%
MLS
7/20/2026
Price Reduced
$690,000
-16.36%
MLS
3/24/2026
Price Reduced
$825,000
-2.94%
MLS
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.

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Price Reduced near 1520-1530 7th St NW

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4965 Elizabeth St N, Keizer, OR 97303 - Photo 1 Price Reduced
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927 Kingwood Dr NW, Salem, OR 97304 - Photo 1 Sold
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    Sq. Ft.
Listed By: CHRIS. FORRETTE | Homesmart Realty Group
Sold by AMY. STEELE | Homestar Brokers

1520-1530 7th St NW, Salem, OR 97304 (MLS# 834341) is a Multi-Family property that was sold at $597,535 on September 18, 2026. 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.