$515,000
1880 Fairmount Ave, Salem, OR 97302
Renovated 1915 South Salem Home — Finished Basement & Hot Tub
3 Bed · 2 Bath · 2,012 Sq Ft
Three-bedroom updated home with detached garage and private deck.
3
Beds
2
Baths
2,012
Sq Ft
1915
Built
0.11 acres
Lot
Finished detached 1-car garage
Garage
About 1880 Fairmount Ave
A rare blend of period charm and contemporary finishes, 1880 Fairmount Ave presents a thoughtfully renovated south Salem residence designed for everyday living and entertaining. The main level showcases restored hardwood floors and an open flow between living spaces. The kitchen was upgraded with custom cabinetry, quartz counters, tile backsplashes, a range hood and a dishwasher — details that make daily routines effortless and elegant.
Upstairs you’ll find a flexible bonus room plus three comfortable bedrooms and updated baths featuring quality tile and fixtures. A finished basement expands the usable footprint of the home — ideal for media, home office, or a private hobby area — and is finished to the same standard as the main living spaces. The detached single-car garage is finished for work or storage and complements the well-planned parking and driveway arrangement.
Outside, privacy and entertaining are front-and-center: a large deck flows from the rear of the house and includes a built-in hot tub area, mature plantings, and space for family barbecues. At just under 4,800 sq ft, the lot provides manageable yard space without losing outdoor versatility. Walk to Fairmount City Park within minutes; downtown Salem and regional corridors are easily accessible for commuting or weekend errands.
Practical upgrades and tasteful finishes make this house move-in ready. Whether you’re upgrading from a starter home, relocating to Salem, or seeking a low-turnover rental property, this residence balances immediate comfort and longer-term value. Contact listing agent Daniel Gandee at Real Broker to schedule a showing — this property is being actively marketed and shows well.
Home Highlights
Property Features
Interior Features
- 3 bedrooms, 2 baths across 2,012 SF
- Hardwood floors on the main level
- Custom kitchen with quartz counters and tile backsplash
- Finished basement (flex space/media/office)
- Bonus room upstairs for office or play
Exterior & Lot
- Private, level lot — 4,791 SF (~0.11 acres)
- Large rear deck with hot tub and entertaining area
- Finished detached single-car garage
- Driveway parking plus on-street options
Location & Neighborhood
- Walkable to Fairmount City Park (short distance)
- Quick access to downtown Salem and local services
- Mature tree-lined neighborhood in South Salem
- Salem-Keizer School District
Walkability & Recreation
- Walkability Rating: 72/100
- Nearby parks and neighborhood amenities
- Easy access to bike routes and regional trails
Neighborhood & Location
Fairmount / south Salem is characterized by older, established residential streets with mature trees, neighborhood parks, and a mix of updated historic homes and modest newer builds. Residents appreciate proximity to downtown Salem, local restaurants, and community services while maintaining a quieter, neighborhood feel. The area attracts families and professionals seeking a balance between city access and residential stability.
Market Insights
South Salem is a mature residential submarket with steady buyer demand for well-updated single-family homes. In early 2026 inventory remains relatively low, favoring well-presented listings; median sale prices in the area are below Portland-level peaks but show healthy long-term appreciation. Renovated period homes that pair character with modern systems consistently attract offers. Expect average days-on-market in the 3–6 week range for competitive pricing. For investors, gross rents for similar 3BR properties typically fall between $2,000–$2,500/month; for owner-occupiers this home is priced competitively at $515,000 given the finished basement, detached garage, and upgraded finishes.
Nearby Schools
Fairmount Elementary
Elementary · 0.2 mi
Walker Middle School (or nearby middle options)
Middle · 1.8 mi
South Salem High School
High · 2.5 mi
Walkability & Recreation
Immediate access to neighborhood parks and short drives to larger city parks and regional trails; deck and hot tub provide strong on-site recreation/entertaining options.
Investment Highlights
- Fully renovated interior with modern finishes and hardwood floors
- Large deck with hot tub and private backyard — strong entertaining asset
- Finished basement adds functional living/rental space
- Finished detached single-car garage for parking or auxiliary use
- Walkable to Fairmount City Park and close to downtown Salem
Key Findings
- 3 beds / 2 baths, 2,012 SF living area on a 4,791 SF lot (0.11 acres)
- Built in 1915 and extensively renovated — condition rated excellent
- Listed at $515,000 (approx. $256/sf); recent sale in 2021 for $457,961
- Finished basement and detached garage add utility and rental optionality
- Located in South Salem; served by Salem-Keizer School District
Things to Consider
- 1915 vintage home — verify structural, seismic, electrical, and plumbing upgrades and permits
- Limited lot size may restrict major additions or expansion
- Local market cooling could reduce short-term upside vs. 2021 pricing
Opportunity Analysis
Buy as an owner-occupier seeking a move-in-ready, character-rich home with modern systems and entertaining outdoor space — or acquire as a medium-term hold to capture modest appreciation and rental income from the finished basement unit or whole-house lease.
Potential Use Scenarios
- Owner-occupier purchase: occupy and enjoy amenities; minimal immediate capital required.
- Buy-and-hold rental: market 3BR whole-house rent or split use including basement for higher cash flow.
- Light value-add: minor landscaping or permitted ADU conversion if local zoning allows — confirm with city planning.
Risk Factors
- Aging systems if renovations were cosmetic—confirm mechanicals.
- Zoning/permit constraints for conversion or expansion.
- Neighborhood-specific demand fluctuations in south Salem.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$495K
Midpoint
$515K
High
$535K
$256/SF estimated price per square foot
Estimate anchored to list price ($515,000) and property attributes (3 BR / 2 BA, 2,012 SF, renovated, finished basement) combined with local market knowledge for south Salem. No live comps search was performed.
As of 2026-03-12
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
South Salem is a mature residential area with slow but steady population and income growth; region-wide employment tied to state government, small industry, and healthcare.
Nearby Points of Interest
- Fairmount City Park (walkable, <0.5 mi)
- Downtown Salem (approx 2-3 mi)
South Salem offers neighborhood parks, local coffee shops and restaurants toward downtown, easy access to main corridors to downtown and I-5. Property within walking distance of Fairmount City Park and neighborhood schools.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
Sale History
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