1940 Church St NE, Salem, OR 97301

Local realty services provided by:Knipe Realty ERA Powered
Listed by: sabrina james, daniel mckinney971-218-9349
Office: smi real estate
MLS#:834295
Source:OR_WVMLS
1940 Church St NE,Salem, OR 97301
$445,000
  • - Beds
  • 2 Baths
  • 1,200 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$445,000
  • Price per sq. ft.:$370.83

About this home

Can't be missed investment opportunity! Available 4.5% rate! This property offers two homes on one lot with strong rental income. The main house features 3 bedrooms and is currently rented for $1,925/month. Recently renovated with newer laminate flooring, updated cabinets and counters, modern appliances, upgraded windows, and an updated electrical panel. The charming studio cottage brings in an additional $1,075/month, providing excellent flexibility as a rental, guest space, or private office.

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Home facts

  • Year built:1926
  • Listing ID #:834295
  • Added:73 day(s) ago
  • Updated:December 17, 2025 at 10:50 AM

Rooms and interior

  • Total bathrooms:2
  • Living area:1,200 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1926
  • Building area:1,200 sq. ft.
  • Lot area:0.14 Acres

Schools

  • High school:North Salem
  • Middle school:Waldo
  • Elementary school:Highland

Utilities

  • Water:City

Finances and disclosures

  • Price:$445,000
  • Price per sq. ft.:$370.83
  • Tax amount:$2,164 (2024)
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.

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