274 Senate St NW, Salem, OR 97304

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.