RealtyNET pick

$199,000

274 Senate ST NW, Salem, OR 97304

Sold price: $192,000 on 2025-06-27

2 beds
1 bath
610 sq ft
8 days on market

Year built: 1910
Type: House
Status: Sold

Investor alert! Endless Potential in Prime Location. This 2 bedroom, 1 bath cottage sits on a generous 5,550 square foot corner lot and offers multiple paths for upside. While the 610 square foot home needs work, it is priced accordingly and positioned to one end of the lot, making it an ideal opportunity for redevelopment or expansion. Options include renovating the existing home and enjoying a large private yard, adding one or two additional units, or starting fresh with new construction. Located in a highly walkable area near shopping, parks, and transit, this property offers strong rental demand and long term appreciation potential. Do not miss this value add opportunity in a location that supports both creativity and returns.

Listing courtesy of Berkshire Hathaway HomeServices Real Estate Professionals · 503-371-3013

Listing agent: Mark Shadrin

Source: RMLS

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How it works and the full fee schedule

You search for and choose the home yourself. A licensed RealtyNET broker represents only you: they prepare and submit your offer, negotiate the terms, and support you through closing. Representation begins only after you sign a written buyer representation agreement, which runs 90 days unless extended in writing. You'll get the Oregon Initial Agency Disclosure Pamphlet at first contact. The service starts with a non-refundable $995 engagement fee. The rest of the flat fee is due once the inspection contingency is completed, waived, removed or expires, even if the sale doesn't close. There's no extra fee if you end the agreement during the inspection period. There's no guarantee an offer will be accepted, and no rebate. The exact fee is confirmed before you sign.

Home price	Fee
Up to $750,000	$2,500
$750,001 to $999,999	$3,500
$1,000,000 to $1,500,000	$5,000
Above $1,500,000	$5,000 plus $1,000 for each extra $250,000

Location

Basemap tiles are not part of the MLS feed.

Source: OpenStreetMap contributors

Price history

CurrentList price$199,000
2025-06-27Sold price$192,000

Nearby sales

274 SENATE ST, Salem, OR 97304 · $305,000 · 0.0 miles · Listing courtesy of Bella Casa Real Estate Group · 971-241-2508
1560 ELM ST, Salem, OR 97304 · $315,000 · 0.1 miles · Listing courtesy of Coldwell Banker Mountain West · coldwellbanker@cboregon.com
521 PIEDMONT AVE NW, Salem, OR 97304 · $235,000 · 0.1 miles · Listing courtesy of HomeSmart Realty Group · 971-599-5865
521 PIEDMONT AVE NW, Salem, OR 97304 · $409,000 · 0.1 miles · Listing courtesy of Windermere Pacific West Prop. · 503-931-5716
610 PIEDMONT AVE, Salem, OR 97304 · $440,000 · 0.1 miles · Listing courtesy of Windermere Willamette Valley · 541-754-6101
1374 PLAZA ST, Salem, OR 97304 · $351,000 · 0.1 miles · Listing courtesy of Keller Williams PDX Central · 503-548-4848
1363 3RD ST, Salem, OR 97304 · $368,000 · 0.1 miles · Listing courtesy of Windermere Willamette Valley · 541-754-6101
1338 NW 3RD ST, Salem, OR 97304 · $739,000 · 0.2 miles · Listing courtesy of SMI Commercial Real Estate LLC · 503-390-6060