800 Oakhill Ave SE, Salem, OR, 97302
About This Home
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.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1946
Materials
- Roof: Composition
- Construction materials: Shingle Siding,Composite
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range Included,Electric Water Heater
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Features: Area (Combination)
- Level: Main
Features
- Flooring: Carpet,Vinyl
Heating
- Heating features: Baseboard
Interior Area
- Total structure area: 582
- Total interior livable area: 582 sqft
Kitchen
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Property
Details
- Zoning: RS
Features
- Levels: One
- Stories: 1
- Exterior features: Cream
- Fencing: Partial
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 6,695 sqft
- Features: Dimension Above
- Lot size dimensions: 65 x 134
Parking
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Marion County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,263 | $15,156 |
| Home Insurance * | $59 | $708 |
| Property Taxes | $172 | $2,064 |
| Electricity | $176 | $2,119 |
| Total | $1,670 | $20,040 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-04 | Listed for sale | $259,900 |
| 2026-02-27 | Listing removed | $1,300 |
| 2026-02-18 | Price change | $1,300 |
| 2025-12-02 | Price change | $1,395 |
| 2025-11-03 | Listed for rent | $1,350 |
| 2024-05-10 | Listing removed | -- |
| 2024-04-27 | Listed for rent | $1,300 |
For Sale by Agent
View on Zillow