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Listing provided courtesy of SMI REAL ESTATE: 503-390-6060.

315 15th SE

Salem, OR 97301
  • $495,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 834296
UPDATED: 53 min ago
$495,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,272
    SQFT
  • $218
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1901
County:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of SMI REAL ESTATE: 503-390-6060. Listing information © 2025 Willamette Valley Multiple Listing Service



Description

Solid investment opportunity with an available 4.65% rate and soon to be new roof! Just a few blocks from Willamette University, Bush Elementary, and the Amtrak station, this property offers unbeatable convenience and strong rental potential. The main level generates $2,200 monthly, while the finished basement brings in $1,300, creating steady income from day one. With its prime location, versatile layout, and available low rate, this property is a great choice for investors or those looking for multi-generational living.

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Willamette Valley MLS logo © 2025 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2025-11-13T14:08:50.76.
www.suelongrealty.com/homes/168592657
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315 15th SE Salem, OR 97301

  • Price: $495,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 53 min ago
  • MLS #: 834296
4
Beds
3
Baths
0
½ Baths
0.14
Acres
2,272
SQFT
$218
$/SQFT
1901
Built
Neighborhood:
University Addition
County:
Marion
Area:
20 CENTRAL SALEM
Elementary School:
Bush
Middle School:
Leslie
High School:
South Salem
Property Description
Solid investment opportunity with an available 4.65% rate and soon to be new roof! Just a few blocks from Willamette University, Bush Elementary, and the Amtrak station, this property offers unbeatable convenience and strong rental potential. The main level generates $2,200 monthly, while the finished basement brings in $1,300, creating steady income from day one. With its prime location, versatile layout, and available low rate, this property is a great choice for investors or those looking for multi-generational living.
Exterior Features

Foundation Continuous Lot Type Irregular Roof Composition Siding CedarShake View Territorial

Interior Features

Basement FinishedFull Bonus Rooms Breakfast Room/Nook Dining Area (Combination) Dishwasher Yes Disposal Yes Fireplace Living Room Flooring CarpetLaminate Heating GasForced Air Range Facility Electric Unit1 Baths 2 Unit1 Bedrooms 3 Unit2 Baths 1 Unit2 Bedrooms 1 Water Heater Gas

Property Features

Assessments Or Liens No Dual Living Other (Refer to remarks) Exclusions Tenant belongings High Speed Comm Access Available Home Warranty Negotiable Homeowners Association No Association Inspection Report Available No Multifamily Type Duplex New Construction No Possession Neg Property Use Type Investment Sewer City Tax Amount 3041 Tax Years 2024 Terms Seller Will Consider Land Sales ContractFHACashAssume Present FinancingConventional Water City Zoning RM2

© 2025 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2025 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2025-11-13T14:08:50.76.
 
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Keller Williams Mid-Willamette
201 NW 3rd St
Corvallis OR, 97330
Listing provided courtesy of SMI REAL ESTATE: 503-390-6060. Listing information © 2025 Willamette Valley Multiple Listing Service