About This Home

This 3-bedroom, 2-bathroom single family at 2550 Summer St SE in Salem, OR is listed for $474,900 ($257 per sqft). Built in 1930, the home offers 1,848 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1930
  • 0.14 acre lot
  • 2 stories

Property Details

2 stories
2 full
2-car garage
1930
Listing Description

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.

Monthly Cost Estimate

$2,540/mo

20% down · 6.5% · 30 years

Principal$343
Interest$2,058
Insurance$139

Estimates only. Actual payments may vary.

Location

2550 Summer St SE

Salem, OR 97302

Questions & Answers

This 3-bedroom, 2-bathroom single family at 2550 Summer St SE is listed at $474,900 ($257/sqft). The estimated monthly payment is $2,540 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930, 0.14 acre lot, 2 stories.

This property is listed by SCOTT MANNING.

SM

SCOTT MANNING

Agent at HomeSmart Realty Group

Listed by HomeSmart Realty Group · Broker phone: (971) 599-5865 · View on Broker Site · Broker website

MLS# 842050· Source: Willamette Valley Multiple Listing Service· 141 days on PropertySimple

Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2550 Summer St SE, Salem, OR 97302

Open this listing in: