1742 Center St, Salem, OR 97301

$850,000

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Property Description

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

1742 Center St | MLS# 385679407

This multi-family property located at 1742 Center St, Salem, OR 97301 is currently listed for sale with an asking price of $850,000. Search Salem real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: None
Fuel Type: Electricity
Heating: Zoned
Roof Type: Other
Stories: 1.0
Taxes: $4,368
Year Built: 1946
Square Feet: 5,099

Units

Unit Type 1:
Bathroom(s): 1
Rent: $1325.00
Square Footage: 629
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Rent: $575.00
Square Footage: 391
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $822.00
Square Footage: 565
Total Units: 2
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $857.00
Square Footage: 736
Total Units: 4

Feature Descriptions

Days on Site: 4
Exterior: Other
Hot Water: Electricity
Parking: OffStreet
Parking Notes: OffStreet
Sewer: Public Sewer
Units: 8
Water: Public Water

Local Schools

High School: North Salem
Middle School: Parrish
Elementary School: Englewood

Listed By / Shown By

Listed By

Agency Name: SMI Commercial Real Estate LLC
Agency Phone: 503-390-6060

Shown By

Agent Name: Drue Ripp, Broker
Agent Phone: Cell: (541) 668-0339
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 4,909.98 per month $4,298.06 Principal & Interest $364.00 Property Tax $247.92 Homeowner's Insurance

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