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1018 7th St NW, Salem, OR, 97304

2beds
1baths
748sqft
$320,000
$428price/sqft
$2,383/moest. monthly cost
$95,320/yrincome needed

About This Home

Charming 1936 West Salem cottage on a lush garden lot. 2BR/1BA, 748 sf. 3-year-old roof, vaulted kitchen, updated bathroom, laminate flooring. Mature orchard: Italian plum, cherry, and apricot trees, alongside gooseberries, raspberries, blueberries, and grape vines. 300 tulips planted and ready to burst into color this spring. Detached outbuilding with separate power meter — ideal for garage, workshop, storage, ADU conversion (adding ~350 sf), or possible business use. Near Edgewater & the river. Step inside and you’ll find a home with real character — vaulted ceilings in the kitchen, an updated bathroom, and the kind of compact, efficient layout that keeps utility costs low and maintenance simple. The kitchen opens to a dining area with natural light and views of the garden. Two bedrooms provide comfortable living space in a floor plan that makes the most of every square foot.Outside is where this property truly stands apart. The seller has spent years cultivating a mature orchard and garden that produces throughout the growing season. Italian plum, cherry, and apricot trees, alongside gooseberries, raspberries, blueberries, and grape vines. 300 tulips are planted and ready to burst into color this spring. This is not a starter garden — it is a fully established, producing landscape ready for someone who appreciates what it takes to build something like this.The detached outbuilding offers real flexibility. With its own separate power meter already in place, it could serve as a garage, workshop, studio, storage building, or be converted into an ADU adding roughly 350 square feet. This property sits within the Edgewater mixed-use zone, making it a compelling option for a business owner looking to operate from the outbuilding. Buyer to verify permitted uses with the City of Salem.Buyers looking to finance improvements should ask their lender about FHA 203(k) or Conventional HomeStyle renovation loan programs, which allow you to wrap the cost of updates into a single mortgage payment.Some photos have been AI-edited to adjust brightness and remove the seller’s personal property. The property is sold in as-is condition.

Getting Around

75
WalkingVery Walkable
37
TransitSome Transit
76
BikeVery Bikeable

Schools

5/10
3/10
Walker Middle SchoolGrades 6-80.1 mi
6/10
West Salem High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1936

Materials

  • Foundation: Continuous
  • Roof: Composition
  • Construction materials: Fiber Cement,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Disposal,Electric Range,Electric Water Heater

Bedroom2

  • Level: Main
  • Area: 133.875

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Features: Area (Combination)

Features

  • Flooring: Carpet,Laminate

Heating

  • Heating features: Electric

Interior Area

  • Total structure area: 748
  • Total interior livable area: 748 sqft

Kitchen

  • Level: Main
  • Area: 82.5

Living Room

  • Level: Main
  • Area: 175.375

Master Bedroom

  • Level: Main
  • Area: 135.52777777777777

Property

Details

  • Parcel number: 257406
  • Zoning: ESMU
  • Exclusions: Fridge and freezer in Bedroom #2

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Gray/Blue
  • Fencing: Fenced
  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 3,920 sqft
  • Features: Landscaped

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in Polk County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $1,618$19,416
Home Insurance *$85$1,020
Property Taxes $504$6,048
Electricity $176$2,119
Total$2,383$28,596
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$81,702/yr
40% on housing$71,490/yr
45% on housing$63,546/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

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.

Insurance Growth Rate5-year average: 3.9%
3.9%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$428This listing

vs Other Active Listings

Avg $/sqft

ZIP 97304$244
Polk County$247

vs Homes Sold Last Month

Median $/sqft

ZIP 97304$245
Polk County$277

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

DateEventPrice
2026-04-17Listed for sale$320,000
2026-04-15Listing removed$320,000
2026-03-06Price change$320,000
2025-12-04Listed for sale$325,000
2020-02-28Sold$189,000
2020-01-16Price change$189,900
2019-12-11Price change$199,900
2019-09-18Listed for sale$205,900
2019-07-09Listing removed$179,900
2019-06-21Listed for sale$179,900
2019-06-05Pending sale$179,900
2019-05-01Price change$179,900
2019-04-13Listed for sale$185,000
2018-01-22Sold$112,000
2018-01-09Pending sale$115,000
2018-01-02Listed for sale$115,000

For Sale by Agent

AgentJAMISON ALBRECHT
BrokerageHomesmart Realty Group

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