Can't be missed investment opportunity! Available 4.5% rate! This property offers two homes on one lot with strong rental income. The main house features 3 bedrooms and is currently rented for $1,925/month. Recently renovated with newer laminate flooring, updated cabinets and counters, modern appliances, upgraded windows, and an updated electrical panel. The charming studio cottage brings in an additional $1,125/month, providing excellent flexibility as a rental, guest space, or private office.
Sold for $375,000
Listed by: Smi Real Estate
Bought with: Homesmart Realty Group
$375,000
1940 Church St NE, Salem, OR 97301
4beds
2baths
1,200sqft
Duplex
Built in 1926
-- sqft lot
$374,200 Zestimate®
$313/sqft
$1,966 Estimated rent
Home value
$374,200
$348,000 - $404,000
$1,966/mo
Zestimate® history
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$2,280/mo
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$2,280/mo
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Zillow last checked:
Listing updated:
Listed by:
SABRINA JAMES 971-218-9349,
Smi Real Estate,
DANIEL MCKINNEY,
Smi Real Estate
Bought with:
HEATHER RAUH
Homesmart Realty Group
Source: WVMLS,MLS#: 834295
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Dining room
- Features: Area (Combination)
Heating
- Electric
Appliances
- Included: Dishwasher, Disposal, Electric Range, Electric Water Heater
- Laundry: W/D Hookup
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
Property
Features
- Fencing: Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 6,012 sqft
- Features: Irregular Lot
Details
- Parcel number: 569912
- Zoning: RS
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1926
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salem
- Subdivision: Clark & Meyers Addition
HOA & financial
Other financial information
- Total actual rent: 3050
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $375K - $375K
- Listing terms: Land Sales Contract,FHA,VA Loan,Cash,Assumable,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Listing removed | $2,100$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/29/2026 | Price change | $2,100-2.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/3/2026 | Price change | $2,150+7.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/26/2026 | Listed for rent | $2,000+8.1%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/17/2026 | Sold | $375,000-15.7%$313/sqft |
Source:  WVMLS #834295 Report a problem | ||
| 12/15/2025 | Pending sale | $445,000$371/sqft |
Source: WVMLS #834295 Report a problem | ||
| 10/6/2025 | Listed for sale | $445,000+83.9%$371/sqft |
Source: WVMLS #834295 Report a problem | ||
| 12/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/18/2023 | Listed for rent | $1,850+2.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/13/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/12/2023 | Price change | $1,800-5.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/4/2023 | Listed for rent | $1,900+5.6%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/24/2023 | Listed for rent | $1,800+80%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/15/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/10/2022 | Listed for rent | $1,000$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 5/11/2020 | Sold | $242,000-6.9%$202/sqft |
Source:  RMLS (OR) #20326341 Report a problem | ||
| 4/3/2020 | Pending sale | $259,900$217/sqft |
Source: Berkshire Hathaway HomeServices Real Estate Professionals #20326341 Report a problem | ||
| 3/30/2020 | Price change | $259,900+4%$217/sqft |
Source: Berkshire Hathaway HomeServices Real Estate Professionals #20326341 Report a problem | ||
| 3/25/2020 | Listed for sale | $249,900$208/sqft |
Source: Berkshire Hathaway HomeServices Real Estate Professionals #20326341 Report a problem | ||
| 3/25/2020 | Pending sale | $249,900$208/sqft |
Source: Berkshire Hathaway HomeServices Real Estate Professionals #20326341 Report a problem | ||
| 3/21/2020 | Price change | $249,900-5.7%$208/sqft |
Source: Berkshire Hathaway HomeServices Real Estate Professionals #20326341 Report a problem | ||
| 3/14/2020 | Pending sale | $264,900$221/sqft |
Source: Berkshire Hathaway HomeServices Real Estate Professionals #20326341 Report a problem | ||
| 3/13/2020 | Listed for sale | $264,900$221/sqft |
Source: Berkshire Hathaway HomeServices Real Estate Professionals #20326341 Report a problem | ||
| 3/13/2020 | Pending sale | $264,900$221/sqft |
Source: Berkshire Hathaway HomeServices Real Estate Professionals #20326341 Report a problem | ||
| 2/29/2020 | Listed for sale | $264,900+13.4%$221/sqft |
Source: BERKSHIRE HATHAWAY HOMESERVICES R E PROF #760733 Report a problem | ||
| 2/27/2019 | Sold | $233,500+6.4%$195/sqft |
Source: Public Record Report a problem | ||
| 11/30/2018 | Sold | $219,400+78.4%$183/sqft |
Source: Public Record Report a problem | ||
| 5/12/2006 | Sold | $122,967+53.7%$102/sqft |
Source: Public Record Report a problem | ||
| 12/27/2001 | Sold | $80,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,333 +7.8% | $113,550 +3% |
| 2024 | $2,165 +3% | $110,250 +6.1% |
| 2023 | $2,101 +2.9% | $103,930 |
| 2022 | $2,042 +2.9% | $103,930 +3% |
| 2021 | $1,984 +3% | $100,910 +6.1% |
| 2020 | $1,926 +3.6% | $95,130 |
| 2019 | $1,859 +1.3% | -- |
| 2018 | $1,835 | -- |
| 2017 | $1,835 +16.3% | -- |
| 2016 | $1,577 | -- |
| 2015 | $1,577 +2.6% | -- |
| 2014 | $1,538 +4.6% | -- |
| 2013 | $1,470 | -- |
| 2012 | $1,470 +4.5% | -- |
| 2011 | $1,407 +4.2% | $75,110 +6.1% |
| 2010 | $1,349 +1.1% | $70,810 |
| 2009 | $1,334 +6% | $70,810 +3% |
| 2008 | $1,259 +3.3% | $68,750 |
| 2007 | $1,219 +1.7% | -- |
| 2006 | $1,199 +2% | -- |
| 2005 | $1,176 -0.4% | -- |
| 2004 | $1,181 +4.8% | -- |
| 2003 | $1,126 +2.5% | -- |
| 2002 | $1,099 +3.1% | -- |
| 2001 | $1,066 +3.2% | -- |
| 2000 | $1,033 | -- |
Find assessor info on the county website
Neighborhood: Highland
Nearby schools
GreatSchools rating
- 3/10Highland Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Parrish Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10North Salem High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Highland
- Middle: Waldo
- 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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Estimated market value
$374,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$374,200
- Oregon
- Marion County
- Salem
- 97301
- Highland
- 1940 Church St NE
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