Don't miss out! 8 Unit mixed use investment opportunity, sitting on a highly trafficked corner near 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. See associated docs.
For sale
Listed by: Smi Real Estate • JORDAN SPARKS • Contact: 541-646-0650
$850,000
1742 Center St NE, Salem, OR 97301
6beds
7baths
5,099sqft
Multi Family
Built in 1946
-- sqft lot
$-- Zestimate®
$167/sqft
$-- HOA
What's special
Highly trafficked cornerShared laundry roomPrivate courtyard
- 4 days |
- 216 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
JORDAN SPARKS 541-646-0650,
Smi Real Estate
Source: WVMLS,MLS#: 844900
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 7
Dining room
- Features: Area (Combination)
Heating
- Electric, Zoned
Appliances
- Included: Electric Range, Range Included, Electric Water Heater, Refrigerator
- Laundry: Common Area
Features
- Flooring: Laminate, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 5,099
- Total interior livable area: 5,099 sqft
Property
Parking
- Parking features: All American Tatoo, More Flips Hobby Shop, Duplex, 4 Plex
Features
- Patio & porch: Patio
- Exterior features: Green
- Fencing: Partial
- Frontage length: 62
Lot
- Size: 10,454 Square Feet
- Features: Irregular Lot
Details
- Zoning: MU-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Oak Lawn Park
Location
- Region: Salem
Financial & listing details
- Price per square foot: $167/sqft
- Annual tax amount: $4,369
- Price range: $850K - $850K
- Date on market: 8/21/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Listed for sale | $850,000$167/sqft |
Source:  WVMLS #844900 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
GreatSchools rating
- 5/10Englewood Elementary SchoolGrades: K-5Distance: 0.5 mi
- 3/10Parrish Middle SchoolGrades: 6-8Distance: 0.5 mi
- 4/10North Salem High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Englewood
- Middle: Parrish
- High: North Salem
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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