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2 Beds
4 Baths
5,099 sqft

$850,000

1742 CENTER ST, Salem OR, 97301

Price per sqft$166.70
Built in1946
Property size5,099 sqft
Property typeMulti-family
Listing Courtesy of SMI Commercial Real Estate LLC, Jordan Sparks. 541-646-0650

Overview

Active

Listed Aug 21, 2026

Updated 4 weeks ago

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! *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

$5,655/mo

Est. mortgage payment based on a $850,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
385679407

Interior Features

Bedrooms
2
Bathrooms
4
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.24 Acres

Other Property Details

Taxes
$4,368
Tax Frequency
Annually
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Listing Courtesy of SMI Commercial Real Estate LLC, Jordan Sparks. 541-646-0650

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 Saltaire Coastal Homes are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 9/3/2026, 6:40 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

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