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1742 CENTER ST Salem, OR $ 850,000
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1742 CENTER ST
$ 850,000
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1742 CENTER ST

Salem, OR, 97301
$ 850,000
Bedrooms2 Baths4.0 Sq 5,099

Monthly Estimate*

$ 5,367

1742 CENTER ST, Salem, OR 97301 - Image 1
1742 CENTER ST, Salem, OR 97301 - Image 2
1742 CENTER ST, Salem, OR 97301 - Image 3
1742 CENTER ST, Salem, OR 97301 - Image 4
1742 CENTER ST, Salem, OR 97301 - Image 5
1742 CENTER ST, Salem, OR 97301 - Image 6
1742 CENTER ST, Salem, OR 97301 - Image 7
1742 CENTER ST, Salem, OR 97301 - Image 8
1742 CENTER ST, Salem, OR 97301 - Image 9

Multi-Family Home for sale in Salem, OR

for $850,000 with 2 bedrooms and 4 full baths. This 5,099 square foot home was built in 1946 on a lot size of 0.24.

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 9/1/26 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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Multi-Family Active

Price

$ 850,000

Bedrooms

2

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,368

Style

Lot Size

0.24

Year Built

1946

Town/City

Salem

County/Region

Marion

MLS | Web ID

385679407
Features
General
Sewer PublicSewer
Heating Zoned
Cooling None
Roof Other
Zoning MU-1
Year Built 1946
Stories Count 1
Tax Year 2025
Parcel Number 585016
Gross Income 0
County Marion
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions 17th St NE
High School North Salem
City Salem
Number Of Units Total 8
MLS Area _174
Lot Size Square Feet 10454.0
Listing Terms Cash Conventional
Elementary School Englewood
Tax Annual Amount 4368.38
Middle/Junior High School Parrish
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description OAK LAWN PARK ADDITION LOT 3 ACRES 0.24
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Exterior
Parking Features OffStreet
Water Source PublicWater
Exterior Description Other
Foundation Details Slab
Building Area Total 5099.0
Lot Size Acres 0.24
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Interior
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 0
Unit 2 Baths Total 1
Unit 2 Beds Total 0
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit 4 Baths Total 1
Unit 4 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Internal Only
Street Number 1 1742
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* Excluded Features
List By
Smi Commercial Real Estate Llc

Broker

jordan@smire.com

Email

Affordability Calculator

$5,731
Per Month
94%
6%
0%
Monthly Principal & Interest
$5,367
Monthly Property Taxes
$364
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1950927 Elementary School
1951177 Middle School
North Salem High School High School
See complete school information
Pricing History
Date Price Price Change Description
8/22/2026 $850,000 Listed Price

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1742 CENTER ST, Salem, OR, 97301 is a Multi-Family Home for sale at $850,000 with 5,099 sqft and a lot size of 0.24. 1742 CENTER ST has 2 bedrooms, 4.0 baths, and was built in 1946. The property's zip code is 97301 which is in Salem, OR

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