Sold for $960,000

Listed by: Smi Real Estate • CASEY OLIVER • Contact: Cell: 503-851-1441

Bought with: Smi Real Estate

$960,000

1961 Center St NE, Salem, OR 97301

16beds

8baths

7,400sqft

Multi Family

Built in 1956

-- sqft lot

$1,070,700 Zestimate^®

$130/sqft

$1,147 Estimated rent

Home value

$1,070,700

$964,000 - $1.19M

$1,147/mo

Zestimate^® history

Owner options

List your home for rent

$1,147/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$1,147/mo

Rent Zestimate^®

Refinance and save

$5,847/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$5,847/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Looking to expand your portfolio? This is the property for you! 8 plex with larger 2 bed 1 bath units in a prime central location. All units are below market rent and financials reflect July 1 increases. 1 unit will be vacant upon sale. No showings until offer is accepted. Do not disturb tenants.Rents effective July 1:101=$925, 102=$850, 103=$900, 104=$950201=vac, 202=$925, 203=$900, 204=975

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 8

Dining room

Features: Area (Combination)

Heating

See Remarks

Appliances

Included: Dishwasher, Disposal, Electric Range, Gas Water Heater, Refrigerator
Laundry: Common Area

Features

Flooring: Carpet, Wood
Basement: Partial
Has fireplace: No

Interior area

Total structure area: 7,400
Total interior livable area: 7,400 sqft

Property

Features

Exterior features: Brown
Has view: Yes
View description: Territorial

Lot

Size: 0.29 Acres

Details

Zoning: RM2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Roof: Tile

Condition

New construction: No
Year built: 1956

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Salem

Financial & listing details

Price per square foot: $130/sqft
Annual tax amount: $8,521
Price range: $960K - $960K
Date on market: 2/14/2024
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Inclusions: All window coverings and appliances owned by Selle
Exclusions: All Tenant owned property

Price history

Date	Event	Price
8/31/2023	Sold	$960,000-20%$130/sqft
Source: WVMLS #805473 Report a problem
6/2/2023	Contingent	$1,200,000$162/sqft
Source: WVMLS #805473 Report a problem
5/26/2023	Listed for sale	$1,200,000-14.3%$162/sqft
Source: WVMLS #805473 Report a problem
6/18/2022	Listing removed	--
Source: WVMLS #792026 Report a problem
5/6/2022	Listed for sale	$1,400,000$189/sqft
Source: WVMLS #792026 Report a problem