1742 Center St, Salem, OR 97301

Salem
Local realty services provided by:ERA Freeman & Associates, Realtors
1742 Center St,Salem, OR 97301
$850,000
  • - Beds
  • - Baths
  • 5,099 sq. ft.
  • Multi-family
  • Active
Listed by: jordan sparks
Office: smi commercial real estate llc.503-390-6060
MLS#:385679407
Source:PORTLAND

Price summary

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

About this home

Don't miss out on this 8 Unit investment opportunity, sitting on a highly trafficked corner in 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.Please do not disturb the residents

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Home facts

  • Year built:1946
  • Listing ID #:385679407
  • Added:1 day(s) ago
  • Updated:August 22, 2026 at 12:07 PM

Rooms and interior

  • Living area:5,099 sq. ft.

Heating and cooling

  • Heating:Zoned

Structure and exterior

  • Year built:1946
  • Building area:5,099 sq. ft.
  • Lot area:0.24 Acres
  • Foundation Description:Slab
  • Levels:1 Story

Schools

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

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$166.7
  • Tax amount:$4,368 (2025)

Parking

  • Parking description:Off Street
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than ERA Freeman & Associates, Realtors are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: August 22, 2026

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