Map of Property

1520 7th St NW

For Sale

1520 7th St NW, Salem, OR 97304

This Salem property for sale is located at 1520 7th St NW. The current listed sale price for 1520 7th St NW is $825,000. 1520 7th St NW is situated on a lot that is 0.24 acre in size.

Contacts

Conrad Venti

First Commercial Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 4,000 SF
  • Lot Size 0.24 Acre
  • Cap Rate % 6.03
  • Year Built 1972
  • Date Updated Apr 30, 2026

This well-located West Salem 6-plex presents a compelling value-add investment opportunity with immediate income upside. The property consists of six 1 bed, 1 bath units across ≈4,000 SF on a single .24-acre parcel, zoned RM2 (Residential Multifamily 2). Built in 1972, the building has solid bones and is positioned for both cosmetic upgrades
and long-term repositioning.

With strong rental demand in this established West Salem neighborhood, investors can capture significant upside through renovations, rent adjustments, or a longterm hold with steady appreciation. This 6-plex provides a combination of in-place income with clear pathways to enhanced returns.

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Reach out to the broker for more info on lease terms and amenities

Getting around

  • 57/100

    Walk Score ®

  • 36/100

    Transit Score ®

  • 69/100

    Bike Score ®

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Location

  • City Salem, OR
  • Neighborhood West Salem
  • Zip Code 97304
  • Market Eugene

Points of Interest

  • Salem

    2.02 miles

  • Brooks Historical Society Depot

    8.66 miles

  • Hopmere Station

    8.75 miles

  • Pacific Pride

    0.78 miles

  • Circle K

    0.80 miles

  • Space Age

    0.84 miles

  • Blink

    1.20 miles

  • Arco Gas Station

    1.30 miles

  • ChargePoint

    1.82 miles

  • 76

    1.92 miles

  • Chevron

    2.00 miles

  • Shell

    2.16 miles

  • Arco

    2.34 miles

  • Riverfront Park (South Lot)

    1.16 miles

  • Riverfront Park (North Lot)

    1.19 miles

  • Salem Library Parkade

    1.34 miles

  • Liberty Square Parkade

    1.34 miles

  • Chemeketa Parkade

    1.34 miles

  • Lot 3

    1.38 miles

  • Pringle Parkade

    1.41 miles

  • Lot 2

    1.41 miles

  • Marion Parkade

    1.50 miles

  • M Lot

    1.56 miles

  • Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

    1.25 miles

  • Grand Hotel

    1.32 miles

  • Knights Inn

    2.24 miles

  • Howard Johnson by Wyndham Salem

    2.80 miles

  • Motel 6

    3.30 miles

  • Traveler's Inn

    3.34 miles

  • Shilo Inn and Suites

    3.55 miles

  • Holiday Inn

    3.57 miles

  • Motel 6 Salem

    3.62 miles

  • Holiday Lodge Motel

    3.67 miles

  • Safeway

    0.32 miles

  • Roth's

    0.95 miles

  • Reed Opera House

    1.35 miles

  • Pringle Park Plaza

    1.40 miles

  • Ross

    1.45 miles

  • Salem Center (South)

    1.45 miles

  • Salem Center (North)

    1.48 miles

  • Kohl's

    1.50 miles

  • Grocery Outlet

    1.51 miles

  • Macy's

    1.55 miles

Contact Listing Broker
Conrad Venti

First Commercial Real Estate

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