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About the Listing 1042 - 18102
Rare opportunity to own two homes on one tax lot! Whether you're looking for multi-generational living, rental income, or a flexible investment, this property offers endless possibilities. The second home is currently operating as a fully furnished mid-term rental, generating $2,500/month in income. Live in one home while offsetting your mortgage with the other, or keep both as income-producing properties. A unique setup with built-in flexibility and earning potential! Seller is a licensed real estate agent Here's an additional description that keeps a casual, buyer-focused tone:What makes this property truly special is that each home offers its own unique charm and lifestyle. The vacant home is move-in ready and features brand-new carpet and laminate flooring, making it an easy transition for an owner-occupant or future tenant. Step outside onto the spacious deck and enjoy peaceful views overlooking Periwinkle Creek—a perfect spot for your morning coffee, unwinding after a long day, or simply enjoying the sights and sounds of nature right from your backyard.The second home sits directly across from the iconic King Kone, putting one of Albany’s most beloved local landmarks just steps away. This home has been meticulously maintained and features an immaculate bathroom remodel that blends modern style with everyday functionality. Currently operating as a fully furnished mid-term rental, it generates $2,500 per month in income and has proven itself as a strong revenue-producing asset.Whether you're looking to create a multi-generational living arrangement, house extended family nearby while maintaining privacy, live in one home and rent the other, or expand your real estate portfolio with a property that already has established income, the possibilities here are hard to find. Opportunities like this—two homes, one tax lot, income potential, creek views, and flexible living arrangements—don't come along often.
Listing Highlights
Status
Active
Days on Site
29
Property Type
Multi-Family
MLS ®
841986
Year Built
1895
Total Square Footage
1,716
Lot/Acreage
0.66
County
Linn
Neighborhood
Allen and Hawkins
Area
80 LINN COUNTY
Elementary School
Waverly
Middle School
Memorial
High School
West Albany
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Yes, No, Electric, Gas, Refrigerator Included
- Air Cond:
- Heating: Electric,Wall Furnace
- Fireplaces: Living Room,Electric,Gas
- Floor: Carpet,Laminate,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other:
- Water: City
Exterior Details
- Lot Description: Irregular
- Garage Capacity: N/A
- Roof: Composition
- Others: Basement & Garage door,Deck,T111
- Sewer:
Financial Details
- Tax Amount: $4,480
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
1540 Salem Ave SE Albany, OR 97321
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