735 Madrona Ave S, Salem

Details
Price$450,000
Size1,320 SF
Acres0.38
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Great South Salem location. Mid-Century Salon – grandfathered in on a large beautiful lot in South Salem. There is also an attached 2 bed / 1 bath apartment for additional income. Zoned SFR it can also be used as a 3 bed / 2 bath home. The Salon could be used as a main bedroom or family room with kitchen. The space is already plumbed and wired for a kitchen.

Configuration Options:

  1. Single Family
    3 bed, 2 bath 1,300 SF home with possible excess development land, Middle development zone would allow for a 4 plex on each parcel.
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  2. Dual Living Single Family
    2 bed, 2 bath unit and 1 bed, 1bath unit with excess development land Middle development zone would allow for a 4 plex on each parcel.
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  3. Apartment Rental
    Approximately $1,500 per month 2 bed, 1 bath. Salon rental approximately $1,100 per month with excess development land Middle development zone would allow for a 4 plex on each parcel.

Potential to sub divide the property, add an ADU or develop the additional land – buyer to complete all due diligence for use and possibilities with the City of Salem. Do not disturb the residents.

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