401 Madrona, Apt 3 Av SE, Salem, OR 97302 | MLS #838103 | Berkshire Hathaway HomeServices Real Estate Professionals
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Listing provided courtesy of THE SALEM REAL ESTATE GROUP- MLS# 838103MLS ProviderContact Information: Cell: 503-470-7102

401 Madrona, Apt 3 Av SESalem, OR 97302

Condo · 2 Beds · 1 Full Bath · 925 Sq. ft. | 0.01 Acres
$240,000 ACTIVE

401 Madrona, Apt 3 Av SE Overview

Time on Site:
122 days
Visits:
0

Beautifully updated 2 bedroom, 1 bath lower unit condo offering 925 sq ft of comfortable living space. The kitchen features tile backsplash, fresh interior paint, and a modern feel that flows seamlessly into the main living areas. Enjoy year-round comfort with a mini-split heat pump and A/C installed in 2020. The fully remodeled bathroom showcases stylish finishes and updates. In-unit washer and dryer provide everyday convenience. Step outside to a brand-new deck—perfect for relaxing. Move-in ready!

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401 Madrona, Apt 3 Av SE Facts & Features

  • Type Condo
  • Sq. ft. 925
  • Price/Sq.ft. $259
  • Lot 0.01 Acres

Details

General

Association/HOA

  • Association Fee: 200
  • Association Fee Frequency: Monthly

School Information

  • Elementary School: Salem Heights
  • Middle Or Junior School: Crossler
  • High School: Sprague

Building Information

  • Year Built: 1971

Location/Region

  • County Or Parish: Marion
  • MLS Area Major: 40 SOUTHEAST SALEM
  • Subdivision Name: Las Maderas Cond

Tax Information

  • Tax Annual Amount: 1614

General Information

  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: No
  • Zoning: RM2

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2

General Information

  • Accessibility Features: No
  • Flooring: Laminate
  • Foundation Details: Continuous
  • Living Area: 925
  • Stories Total: 1 Story

Exterior

Lot Information

  • Lot Features: Common Area,Zero Lot Line
  • Lot Size Dimensions: Zero Lot Line
  • Lot Size Square Feet: 484
  • Water Source: City

Building Exterior/Construction

  • Construction Materials: Cedar
  • Patio And Porch Features: Deck
  • Roof: Composition

401 Madrona, Apt 3 Av SE Neighborhood

Community

97302 (Salem) Demographics

41
Median Age
1,652
Population Density (per sq. mile)
50%
College Educated
$67,270
Estimated Median Income
10,033
Estimated Total Home Owners
6,988
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

401 Madrona, Apt 3 Av SE Monthly Cost

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Greg Bowyer
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

401 Madrona, Apt 3 Av SE Market Data

Based on the last 30 days in this zip code

$645,856
Average List Price
$290
Average Price per Square Foot
76
Properties Sold
89
Average Days on Market
262
Properties for Sale
Calculations provided by Reliance Network

401 Madrona, Apt 3 Av SE History

Date Event Value Agent
5/5/2026Source: Willamette Valley MLS Price Reduction
$240,000 -2.0%
4/21/2026Source: Willamette Valley MLS Price Reduction
$245,000 -2.0%
2/27/2026Source: Willamette Valley MLS Added to Database
February 27, 2026