1742 Center St NE, Salem, OR 97301

Salem
Local realty services provided by:Knipe Realty ERA Powered
Listed by: jordan sparks541-646-0650
Office: smi real estate503-390-6060
MLS#:844900
Source:OR_WVMLS
1742 Center St NE,Salem, OR 97301
$850,000
  • - Beds
  • 7 Baths
  • 5,099 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$850,000
  • Price per sq. ft.:$166.7

About this home

Don't miss out! 8 Unit mixed use investment opportunity, sitting on a highly trafficked corner near downtown Salem! Property contains (2) retail spaces with solid rental history and (6) well kept & secluded 1 bed/1 bath apartments. Primary retail tenant has been in place for 23 years. Property sits on the busline and is walkable to various downtown amenities. Tenants enjoy a private courtyard, alley access w/ (1) parking space per unit & a shared laundry room. Plenty of rent upside to improve cash flow! ---> PROPERTY SHOWING set for 9/2/26 11am-1pm <------> Seller requests all interested parties view all Interiors prior to accepting an offer.*Unit #1736 rent increases to $875 on 9.1.26. *Unit #1746 rent increases to $875 on 10.1.26. See associated docs.

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Home facts

  • Year built:1946
  • Subdivision & Development:Oak Lawn Park
  • Listing ID #:844900
  • Added:1 day(s) ago
  • Updated:August 21, 2026 at 11:58 PM

Rooms and interior

  • Total bathrooms:7
  • Flooring:Laminate, Vinyl
  • Dining Description:Combination Dining Area
  • Kitchen Description:Range Included, Range: Electric
  • Living area:5,099 sq. ft.

Structure and exterior

  • Year built:1946
  • Building area:5,099 sq. ft.
  • Lot area:0.24 Acres
  • Lot Features:Irregular
  • Exterior Features:Partial Fenced Yard, Patio, Underground Sprinklers
  • Foundation Description:Slab

Schools

  • High school:North Salem
  • Middle school:Parrish
  • Elementary school:Englewood

Utilities

  • Water:City

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$166.7
  • Tax amount:$4,369 (25-26)

Features and amenities

  • Amenities:Electric Water Heater
MLS LogoBased on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. OR_WVMLS Member Broker: Jeff Knipe

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