$6,531 Closing Credit¹
#554423159, Mary Nguyen, Listing office: Works Real Estate
$199,000 List price
274 Senate St NW Salem, OR 97304
$2,363
Closing credit¹
2 beds
1 full
610 sqft
0.1 acres
$326 / sqft
House
Property details
About 274 Senate St NW
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.
Highlights
Home typeSingle Family Residence
StatusActive
Size610 sqft
Lot size0.13 Acres
Year built1910
ParkingDriveway, Street Parking
MLS #748404839
ViewTerritorial
Summary
- Full Bathrooms: 1
- Basement: No
- Flooring Type: Tile, Vinyl, Wood
- Total Bedroom Count: 2
- Attached Garage: No
- Parking: Driveway, Street Parking
- View: Territorial
- Exterior: Fence, Patio, Tool Shed
- Architectural Style: 1 Story, Cottage
- List Price: $199,000
- Price/SqFt: $326
- Annual Tax Amount: $1,394
- Tax Year: 2023
- Lot: Corner Lot, Level
- Directions: E hwy 22, S Edgewater, N Eola, W Senate
- Year Built: 1910
- Stories: 1
- Living Area: 610 SqFt
- Lot Size: 0.13 Acres
- MLS Number: 748404839
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Berkshire Hathaway HomeServices Real Estate Professionals
- Office Phone: (503) 371-3013
- Listing Agent: Mark Shadrin
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/7/2025, 7:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$199,000
274 Senate St NW
$2,363
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $73,980 | $1,394 |
| 2022 | $71,830 | $1,349 |
| 2021 | $69,740 | $1,349 |
| 2020 | $67,710 | $1,311 |
| 2019 | $65,740 | $1,227 |
| 2018 | $63,830 | $1,207 |
| 2017 | $61,980 | $1,088 |
History based on county public records data.
Nearby schools
7
Myers Elementary School
Public District KG-5
0.7 mi
•2160 Jewel St NW
4
Chapman Hill Elementary School
Public District KG-5
1.2 mi
•1500 Doaks Ferry Rd NW
4
Harritt Elementary School
Public District PK-5
1.7 mi
•2112 Linwood St NW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,587. The majority of Salem, OR residents have income less than $<35k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
49%
<35k
46%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
50%
Single, No Kids
19%
Single, with Kids
13%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
7%
12-17 yrs old
29%
18-34 yrs old
37%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Popeyes
What do the neighbors drive?
Kia
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 274 Senate St NW
The listing price of 274 Senate St NW property is $199,000.
The property 274 Senate St NW is a house located in Salem, Oregon, 97304.
Active Listing: 274 Senate St NW is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 274 Senate St NW are: Myers Elementary School (GreatSchools Rating 7/10), Chapman Hill Elementary School (GreatSchools Rating 4/10), Harritt Elementary School (GreatSchools Rating 4/10), Walker Middle School (GreatSchools Rating 4/10), Howard Street Charter (GreatSchools Rating 8/10), Straub Middle School (GreatSchools Rating 4/10), West Salem High School (GreatSchools Rating 8/10), South Salem High School (GreatSchools Rating 7/10), North Salem High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $1,394 (source: MLS/based on county public records data).
The property at 274 Senate St NW has 2 bedrooms and 1 bathroom.
The property 274 Senate St NW is 610 SqFt (source: MLS/tax record).
The year of construction for 274 Senate St NW is 1910.
This home is located at 274 Senate St NW in Salem, OR and zip code 97304 in the West Salem neighborhood. This 610 square foot home, which was built in 1910, sits on a 0.13 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 6, 2025 and is currently priced at $199,000.
Over 33 listings were sold over their listed price in May 2025 in Salem, OR. In the same period over 21 listings were sold below the listed price and 14 listings were sold for the listed price. In May 2025 in Salem, OR there were 10.2% more homes for sale than in April. The median list price of listings available in May 2025 was $439,979, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.