Park Ave with ADU

For Sale

1861 Park Ave NE, Salem, OR 97301

This Salem property for sale is located at 1861 Park Ave NE. The current listed sale price for Park Ave with ADU is $650,000. Park Ave with ADU is situated on a lot that is 0.14 acre in size.

Contacts

broker
George Grabenhorst

SVN | Commercial Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 1,198 SF
  • Units 1
  • Lot Size 0.14 Acre
  • Property Tenancy Single Tenant
  • Year Built 1935
  • Year Renovated 2024
  • Date Updated Feb 3, 2025
Property is on the west side of Park Ave NE between Sunnyview and Market St NE Salem, OR.Introducing a prime investment opportunity in the heart of Salem, Oregon. This meticulously renovated property offers a 1,198 SF building, featuring a newly added ADU, ideal for single family rental portfolio investment. Situated on a spacious .14 acre lot and zoned RS, this classic 1935-built gem has been thoughtfully updated in 2024. With a perfect balance of modern finishes and timeless charm, this property presents an attractive option for investors seeking a turnkey single family rental portfolio addition.
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Highlights

  • 1,198 SF building with modern updates
  • Charming 1935-built property, renovated in 2024
  • Ideal for single family rental portfolio investment
  • Spacious .14 acre lot with new ADU
  • Zoned RS, offering investment flexibility

Getting around

  • 46/100

    Walk Score ®

  • 40/100

    Transit Score ®

  • 89/100

    Bike Score ®

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Location

  • City Salem, OR
  • Neighborhood Lansing
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    1.91 miles

  • Brooks Historical Society Depot

    7.02 miles

  • Hopmere Station

    7.11 miles

  • Shell

    0.14 miles

  • Arco

    0.18 miles

  • Pulse

    0.18 miles

  • Pacific Pride

    0.48 miles

  • Petrol Express

    0.60 miles

  • Fred Meyer Fuel

    0.72 miles

  • 76

    0.93 miles

  • ChargePoint

    1.12 miles

  • Electrify America

    1.21 miles

  • Blink

    1.35 miles

  • Market Street Park and Ride

    0.40 miles

  • WalMart North Park and Ride

    1.21 miles

  • Green Lot - Dept of Admin Services

    1.50 miles

  • Marion Parkade

    1.76 miles

  • State of Oregon Shuttle Mail Hub

    1.80 miles

  • Grace Baptist Church Park and Ride

    1.95 miles

  • Airport Road Park and Ride

    1.95 miles

  • Chemeketa Parkade

    1.96 miles

  • E Lot

    1.97 miles

  • Reserved Lot A

    1.97 miles

  • Holiday Inn

    0.35 miles

  • Shilo Inn and Suites

    0.39 miles

  • DoubleTree

    0.51 miles

  • Motel 6 Salem

    0.54 miles

  • Holiday Lodge Motel

    0.58 miles

  • Capital Inn & Suites

    0.58 miles

  • Days Inn Black Bear

    0.65 miles

  • Traveler's Inn

    1.14 miles

  • Motel 6

    1.15 miles

  • Knights Inn

    1.50 miles

  • Fred Meyer

    0.78 miles

  • Big Lots

    0.80 miles

  • Bi-Mart

    0.81 miles

  • La Tapatia

    0.83 miles

  • Ross

    0.85 miles

  • A Dong Market

    1.01 miles

  • Burlington

    1.04 miles

  • TJ Maxx

    1.05 miles

  • Grocery Outlet

    1.08 miles

  • Walmart Supercenter

    1.10 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
George Grabenhorst

SVN | Commercial Advisors

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