800 Oakhill Ave Se, Salem, OR 97302

Property Description

Showings by Appointment ONLY. Positioned just three properties off Commercial St SE, this 1 bed, 1 bath, 582 sq ft single-level home offers exceptional flexibility. Ideal for a first-time buyer building equity, an investor seeking a manageable rental, or a developer exploring middle housing potential. Set on a 6,695 sq ft (65x134) lot and situated toward the northwest corner of the parcel, the existing home leaves substantial open area for future possibilities. Zoned RS and directly adjacent to MU-III, the site invites your vision for additional cottages or redevelopment such as a triplex. The lot configuration provides valuable optionality without overpaying for excess improvements. The home is clean and functional with new carpet in 2025, plus refrigerator, washer, and dryer included. A fenced front yard, ample parking, and a single-level layout enhance everyday livability. Low property taxes of $1,685 per year add to the appeal, with projected rents of $1300 monthly for immediate cash flow while you work toward your long term plans. Located within the Morningside Elementary, Leslie Middle, and South Salem High school boundaries and near major services and transportation corridors, this is a strong South Salem location. Priced accordingly for condition and upside, it’s an affordable entry point with room to grow. Do not let this one slip by… you can live in it, lease it, or reimagine the site.