Instead of renting consider making an investment. Updated 2 bedroom, 1 bath lower unit condo offering 925 sq ft of comfortable living space. The kitchen features tile backsplash, freshly painted cabinets, and a modern feel that flows seamlessly into the main living areas. Mohawk Rustic Spiced Oak laminate flooring throughout with "Splash Defense" that resists spills for up to 24 hours. Enjoy year-round comfort with a mini-split heat pump and A/C installed in 2020. The fully remodeled bathroom has a walk in shower, dual flush toilet, vanity with granite counter and updated in wall plumbing. In-unit washer and dryer provide everyday convenience. New electrical panel installed 2021. Step outside to a brand-new deck—perfect for relaxing. Walking distance to Fred Meyer, restaurants, etc. Move-in ready!
NO AGENTS.
For sale by owner
$235,000
401 Madrona Ave SE APT 3, Salem, OR 97302
2beds
925sqft
Condo
Built in 1971
-- sqft lot
$-- Zestimate®
$254/sqft
$200/mo HOA
What's special
Fully remodeled bathroomUpdated in wall plumbingFreshly painted cabinetsWalk in showerKitchen features tile backsplashVanity with granite counterIn-unit washer and dryer
- 6 days |
- 266 |
- 11 |
Listed by:
Property Owner (503) 302-4699
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Heat pump, Electric
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Laminate
Interior area
- Total interior livable area: 925 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off-street
Features
- Exterior features: Other
Details
- Parcel number: 580679
Construction
Type & style
- Home type: Condo
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1971
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $200 monthly
Location
- Region: Salem
Financial & listing details
- Price per square foot: $254/sqft
- Tax assessed value: $183,970
- Annual tax amount: $1,614
- Date on market: 7/8/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,468/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listed for sale | $235,000-2.1%$254/sqft |
Source: Owner Report a problem | ||
| 7/1/2026 | Listing removed | $240,000$259/sqft |
Source:  WVMLS #838103 Report a problem | ||
| 5/5/2026 | Price change | $240,000-2%$259/sqft |
Source: WVMLS #838103 Report a problem | ||
| 4/22/2026 | Price change | $245,000-2%$265/sqft |
Source: WVMLS #838103 Report a problem | ||
| 2/28/2026 | Listed for sale | $250,000+334.8%$270/sqft |
Source: WVMLS #838103 Report a problem | ||
| 7/25/2005 | Sold | $57,500$62/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,614 +7.8% | $78,570 +3% |
| 2024 | $1,498 +3% | $76,290 +6.1% |
| 2023 | $1,454 +2.9% | $71,920 |
| 2022 | $1,413 +2.9% | $71,920 +3% |
| 2021 | $1,373 +3% | $69,830 +6.1% |
| 2020 | $1,333 +3.6% | $65,830 |
| 2019 | $1,286 +1.3% | -- |
| 2018 | $1,270 | -- |
| 2017 | $1,270 +16.7% | -- |
| 2016 | $1,088 | -- |
| 2015 | $1,088 +6.6% | -- |
| 2014 | $1,021 +1% | -- |
| 2013 | $1,011 | -- |
| 2012 | $1,011 -5% | -- |
| 2011 | $1,064 +4.2% | $56,810 +6.1% |
| 2010 | $1,021 +1.1% | $53,560 |
| 2009 | $1,009 +6% | $53,560 +3% |
| 2008 | $952 +3.3% | $52,000 |
| 2007 | $922 +1.7% | -- |
| 2006 | $907 +5.4% | -- |
| 2005 | $861 -1.4% | -- |
| 2004 | $873 +5.4% | -- |
| 2003 | $829 -0.2% | -- |
| 2002 | $831 -4.6% | -- |
| 2001 | $871 +3.2% | -- |
| 2000 | $844 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Faye Wright
Nearby schools
GreatSchools rating
- 2/10Salem Heights Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Crossler Middle SchoolGrades: 6-8Distance: 2.3 mi
- 6/10Sprague High SchoolGrades: 9-12Distance: 2.1 mi
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