$725,000
SOLD JUL 28, 2025
-- Bed
-- Bath
1,484 Sq Ft
1 Acres

Recently Sold

$489 Per Sq Ft

22 Days on Market

Highlights

  • River Front
  • Wooded Lot
  • Level Lot
  • 1 Acre Lot
  • 2 Car Garage

About This Home

As of July 2025

Welcome to a rare and versatile opportunity in Salem! This well-maintained duo property has been in the same family for 70 years and offers the perfect blend of charm, functionality, and potential.

The main house features 3 bedrooms, 1 full bath, a large eat in kitchen, full basement, and a sun-drenched porch complete with skylights and a ceiling fan - ideal for relaxing or entertaining. Out back, you'll find a detached 2 car garage and a very spacious back yard. MLS #5045759

But that's not all - this property also includes a separate 1 bedroom, 1 bath cottage with a full walk out basement- a fantastic rental income opportunity, guest suite, or in-law potential MLS #5045760

With two well-kept homes, flexible use options, and plenty of outdoor space, (1 acre) this unique property is a must-see for investors, multi-generational families, or anyone looking to offset their mortgage with rental income.
Conveniently located close to shopping, dining, highways, and all that Salem has to offer!

Don’t miss your chance to own this rare dual-living opportunity in a sought-after location!

Last Agent to Sell the Property

Caryn Perkins

Keller Williams Gateway Realty/Salem License #075218 Listed on: 06/11/2025

Keller Williams Gateway Realty/Salem

Last Buyer's Agent

Lincoln Jackson

McKeon-Corcoran Real Estate License #078795

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,307

Year Built

  • Built in 1948

Lot Details

  • 1 Acre Lot
  • River Front
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Garage

Home Design

  • Block Foundation
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,484 Sq Ft Home
  • Property has 1.25 Levels

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Barron Elementary School
  • Woodbury Middle School
  • Salem High School

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 7933 / 45
  • Assessor Parcel Number 110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,307

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Directions: Veterans Memorial highway, right onto Lawrence Rd. House will be on the left
  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1948
  • Display On Internet: High Speed Intrnt Avail
  • Architectural Style: Ranch
  • ResoLotFeatures: Landscaped, Level, River Frontage, Wooded, Near Shopping
  • Road Frontage Type: Paved, Public
  • MLS Status: (20) Closed - Closed
  • Above Grade Finished Sq Ft: 1484.0
  • Unit Levels: 1.25
  • ResoPropertyCondition: Existing
  • Flood_Zone: Unknown
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Basement_Access_Type: Walkout
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Bulkhead, Full, Partially Finished, Interior Stairs, Storage Space
  • Basement YN: Yes

Exterior Features

  • Driveway: Paved
  • Roof: Asphalt Shingle
  • Construction Type: Wood Frame, Vinyl Exterior
  • Foundation Details: Block

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: Yes

Utilities

  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Oil
  • Cooling: None
  • Utilities: Propane
  • Water Source: Public

Schools

  • Elementary School: Barron Elementary School
  • High School: Salem High School
  • Middle Or Junior School: Woodbury School

Lot Info

  • Surveyed: No
  • Zoning: Residential
  • Lot Size Acres: 1.0
  • Lot Size Sq Ft: 43560.0

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Block: 45
  • Tax Lot: 7933
  • Tax Map Number: 110

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Sold $725,000 -2.0% $1,239 / Sq Ft
07/03/2025 07/03/25 Pending -- -- --
06/11/2025 06/11/25 For Sale $739,900 0.0% $1,265 / Sq Ft
07/01/2016 07/01/16 Rented $900 0.0% --
06/23/2016 06/23/16 Under Contract -- -- --
06/10/2016 06/10/16 For Rent $900 -- --
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,307 $187,900 $97,800 $90,100
2023 $3,187 $187,900 $97,800 $90,100
2022 $3,016 $187,900 $97,800 $90,100
2021 $3,003 $187,900 $97,800 $90,100
2020 $2,706 $122,900 $69,800 $53,100
2019 $2,701 $122,900 $69,800 $53,100
2018 $2,586 $122,900 $69,800 $53,100
2017 $2,511 $122,900 $69,800 $53,100
2016 $2,511 $122,900 $69,800 $53,100
2015 $2,500 $116,900 $73,500 $43,400
2014 $2,430 $116,900 $73,500 $43,400
2013 $2,392 $116,900 $73,500 $43,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 5045762

PrimeMLS

APN: SLEM-000110-007934