2550 Summer St SE, Salem, OR 97302 | MLS #842050 | Cascade Hasson Sotheby’s International Realty

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Listing provided courtesy of HOMESMART REALTY GROUPMLS# 842050MLS ProviderContact Information: Cell: 503-949-6347
  • 20 days on site
  • 1 views

Versatile and updated South Salem home with strong income potential. 1,848 SF with separate upper and lower living spaces ideal for owner occupancy, multi generational living, or rental use. Main level features 2 bedrooms and spacious remodeled kitchen. Lower level includes separate entrance, small kitchen, living area, bedroom, and bonus room. Updated roof, paint, windows, and electrical. Insulated powered shop/shed plus garden shed. Documented rental income approx. $3,700/month the past two years.

Source: Willamette Valley MLS, MLS#: 842050

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  • Property Type
    Residential
  • Lot
    0.14 acres

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  • Median Age
    41
  • Population Density
    1,652
  • College Educated
    50%
  • Estimated Median Income
    $67,270
  • Estimated Total Home Owners
    10,033
  • Estimated Total Renters
    6,988
  • Owner / Renter Divide
    59% / 41%
  • Estimated Average Household Size
    2
  • Total Population
    40,113
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
6/9/2026Source: Willamette Valley MLS Added to Database
June 09, 2026