👑 Salem Fixer on 0.25-Acre Lot with Multi-Unit Development Potential 👑
Price: $230,000
ARV: $380,000
Remodel: $60,000 – $70,000
2735 Summer St SE, Salem, OR 97302
2 beds | 1 bath | 1,126 sqft
Additional space in the finished attic
Large, oversized attached garage
Large, developable 0.25-acre lot ideal for future expansion
You can build up to 3 additional units in the back
Fully fenced park-like yard
Quiet neighborhood close to schools, shopping, parks, and downtown amenities
This property offers excellent investment potential. You could buy the home, renovate it for added value, and then divide the property into two lots (with city approval). The back lot could be developed with up to three new units, creating multiple income or resale opportunities while adding significant overall value in a desirable Salem neighborhood
ARV Comps:
https://www.zillow.com/homedetails/970-Vista-Ave-SE-Salem-OR-97302/53052886_zpid/
https://www.zillow.com/homedetails/917-Heather-Ln-SE-Salem-OR-97302/53047926_zpid/
Call for Walkthrough!
Closing date: 11/17/2025 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.
Please contact us via DM or call if you have any other questions (503) 404-4532.
Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
