Amy Richardson

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Listing provided courtesy of FIRST COMMERCIAL REAL ESTATE- MLS# 834341MLS ProviderContact Information: Cell: 503-559-2694

1520-1530 7th St NWSalem, OR 97304

Multi-Family · 6 Beds · 4,000 Sq. ft. | 0.24 Acres
$825,000 ACTIVE

1520-1530 7th St NW Overview

Time on Site:
265 days
Visits:
4

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.

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1520-1530 7th St NW Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,000
  • Price/Sq.ft. $206
  • Lot 0.24 Acres

Details

General

School Information

  • Middle Or Junior School: Walker
  • High School: West Salem

Building Information

  • Year Built: 1972

Location/Region

  • County Or Parish: Polk
  • MLS Area Major: 60 NORTHWEST SALEM

General Information

  • Property Sub Type: Multi- (5+)
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bedrooms Total: 6

General Information

  • Living Area: 4000

Exterior

Lot Information

  • Lot Features: Dimension Above
  • Lot Size Acres: 0.24
  • Water Source: City

General Information

  • Sewer: City

1520-1530 7th St NW Neighborhood

Community

97304 (Salem) Demographics

41
Median Age
570
Population Density (per sq. mile)
48%
College Educated
$74,583
Estimated Median Income
8,303
Estimated Total Home Owners
4,290
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1520-1530 7th St NW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1520-1530 7th St NW Market Data

Based on the last 30 days in this zip code

$653,953
Average List Price
$274
Average Price per Square Foot
47
Properties Sold
95
Average Days on Market
284
Properties for Sale
Calculations provided by Reliance Network

1520-1530 7th St NW History

Date Event Value Agent
3/24/2026Source: Willamette Valley MLS Price Reduction
$825,000 -2.9%
10/7/2025Source: Willamette Valley MLS Added to Database
October 07, 2025