525 Madrona Av, Salem, OR 97302

$650,000 Asking Price

5 beds
3 baths
2,548  sqft
Built in 1946

MOTIVATED SELLER: This multi-generational property offers incredible potential, including the possibility to subdivide and create a buildable lot (buyer to perform due diligence). The updated 5-bedroom, 3-bathroom, nearly 2,600-square-foot home features a main house with two bedrooms on the main floor and a spacious upstairs master suite complete with a large bathroom, ample storage, and an office or bonus room. The updated kitchen boasts beautiful wood and tile floors. Additionally, the property includes an ADU (Accessory Dwelling Unit) with two bedrooms and one bathroom, perfect for rental income or extended family. With plenty of parking space and a detached garage, this property offers flexibility and opportunity for income or multi-generational living.

Features & Amenities

Interior

Rooms:
Office
Dining:
Area (Combination)
Flooring:
Carpet,Laminate,Tile,Wood
A/C:
Gas,Electric,Central AC,Forced Air
Heating:
Gas,Electric,Central AC,Forced Air
Disability Feature:
None

Exterior

General:
Green

Construction

Roofing:
Composition
General:
Continuous

Location

County:
Marion

Lot

Fencing:
Yes

Utilities

Water:
City

Financial

Exclusions:
Washer and dryers in both units and garage fridge

This listing courtesy of:
REALTYNET, GREG MESSICK

About Salem, OR

Housing

Number of Units
111,434
Median Home Value
$286,199
Median Rent
$958

40.50% of housing units are renter occupied.

4.09% are vacant.

Commute

Car
68.88%
Public Transportation
1.54%
Walk to Work
1.85%
Work from Home
26.11%
Other
0.67%

The median travel time to work is 19 minutes.

People

Population
282,403
Median Age
36.50
Median Household Size
2.78

Education

High School
22.68%
Associate’s Degree
9.80%
Bachelor’s Degree
17.76%
Graduate Degree
10.57%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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