1520 7th St NW

1520 7th St NW, Salem, OR 97304

Property Information

  • For Sale $825,000
  • 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

Description

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.

Contacts

Conrad Venti

First Commercial Real Estate

Location

Located at 1520 7th St NW, Salem, OR 97304, this property is part of the West Salem neighborhood and Eugene market.

Contact Listing Broker
Conrad Venti

First Commercial Real Estate

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