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
Active
$850,000
1742 Center St NE, Salem, OR 97301
6beds
5,099sqft
Multi Family
Built in 1946
-- sqft lot
$-- Zestimate®
$167/sqft
$-- HOA
What's special
Shared laundry roomPrivate courtyard
- 50 days
- 277
- 28
Zillow last checked:
Listing updated:
Listed by:
Jordan Sparks 541-646-0650,
SMI Commercial Real Estate LLC
Source: RMLS (OR),MLS#: 385679407
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: $167/sqft
- Annual tax amount: $4,368
- Date on market: 8/21/2026
- Listing terms: Cash,Conventional
- Total actual rent: 6947
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
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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