8 Unit Mixed use investment opportunity sitting on a high-traffic corner near downtown Salem! Features (2) retail spaces with solid rental history and (6) well-kept, secluded 1 bed/1 bath apartments. Primary retail tenant in place for 23 years! Located on the bus line, walkable to downtown amenities. Tenants enjoy a private courtyard, with alley access, (1) parking space per unit, and shared laundry. Significant rental upside offers investors the opportunity to boost income and improve cash flow in 2027! Please do not disturb the residents
Active
$799,900
1734 Center St NE, Salem, OR 97301
6beds
5,099sqft
Multi Family
Built in 1946
-- sqft lot
$-- Zestimate®
$157/sqft
$-- HOA
What's special
High-traffic cornerShared laundryPrivate courtyardAlley access
- 5 days
- 81
- 8
Zillow last checked:
Listing updated:
Listed by:
Jordan Sparks 541-646-0650,
SMI Commercial Real Estate LLC
Source: RMLS (OR),MLS#: 735740524
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 8
- Full bathrooms: 6
- Partial bathrooms: 2
Heating
- Zoned
Cooling
- None
Appliances
- Included: Electric Water Heater
Interior area
- Total structure area: 5,099
- Total interior livable area: 5,099 sqft
Property
Parking
- Parking features: Off Street
Features
- Stories: 1
Lot
- Size: 10,454 Square Feet
- Features: SqFt 10000 to 14999
Details
- Parcel number: 585016
- Zoning: MU-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
- Foundation: Slab
- Roof: Other
Condition
- Approximately
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Salem
Financial & listing details
- Price per square foot: $157/sqft
- Annual tax amount: $4,368
- Date on market: 10/16/2026
- Listing terms: Cash,Conventional
- Total actual rent: 6072
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Listed for sale | $799,900$157/sqft |
Source:  RMLS (OR) #735740524 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Northeast Neighbors
Nearby schools
Schools provided by the listing agent
- Elementary: Englewood
- Middle: Parrish
- High: North Salem
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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