May 2021 Newsletter

2025 Trade st se, salem or

Single Family | $210,000| May 2, 2021

Super adorable 1 bed 1 bath cottage with a large fenced yard in downtown Salem! This move in ready single family home is perfect for a first time homebuyer, an investment property (short term rental/AirBnB), a private office, or someone looking to downsize.

Total Sq Ft: 476

Lot Size: 4798 sq ft

Year Built: 1946

Property Taxes: $1,173.71 (2020)

What I love about this property

  • Price! It's rare to see an updated move in ready single family home in at this price

  • Beautiful landscaping and fence

  • Large lot (relative) with potential to build

  • Low property taxes

  • AirBnB potential - traveling nurses (Salem Health), visiting professors (Willamette University), etc.

Income potential

  • Estimated Short-term rental AirBnB income $1600/month but income will vary depending on the season

  • Buyer to do due diligence and research the best investment potential for this property.

About the City of Salem

  • Salem is the capital of Oregon and is the second largest city in the state after Portland (population around 200,000)

  • Major employers include: State of Oregon, Salem Health, Willamette University, etc.

  • Amazon Distribution Center opened in 2019

  • Family friendly, close to local farms and vineyards