1742 CENTER ST, Salem, OR 97301
- $850,000
- 5,099
- SqFt
- List Price
- $850,000
- Days on Market
- 8
- MLS#
- 385679407
- Property Type
- Multifamily
- Sqft. of Residence
- 5,099
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Marion Co: Central Salem
- Status
- ACTIVE
Property Description
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!PROPERTY SHOWING set for 9/1/26 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.Please do not disturb the residents
Additional Information
- Tax Amount
- $4,368
- Year Built
- 1946
- High School
- North Salem
- Elementary School
- Englewood
- Middle School
- Parrish
- Acres
- 0.24
- Living Area
- 5,099
- Stories
- 1
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Zoned
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity
- Exterior Description
- Other
- Roof Type
- Other
- Sewer Description
- Public Sewer
- Parking
- Off Street
- Parking Description
- Off Street
- Number Of Units Total
- 8
- Unit Type One Baths Total
- 1
- Unit Type One Rent
- 1325
- Unit Type One Sq Ft
- 629
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 822
- Unit Type Three Sq Ft
- 565
- Unit Type Three Units Total
- 2
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 1
- Unit Type Four Rent
- 857
- Unit Type Four Sq Ft
- 736
- Unit Type Four Units Total
- 4
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Listing courtesy of SMI Commercial Real Estate LLC.
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