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1742 Center St NE - 1742 Center St NE Salem oR 8 Unit Apartment Building Offered at $1,170,535 CAD Salem, OR 97301
Executive Summary
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 9/2/26 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.
Please do not disturb the tenants or residents.
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.
Please do not disturb the tenants or residents.
Property Facts
| Price | $1,170,535 CAD | Lot Size | 0.24 AC |
| Price Per Unit | $146,317 CAD | Building Size | 5,099 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1946 |
| Zoning | MU-1 | ||
| Price | $1,170,535 CAD |
| Price Per Unit | $146,317 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Lot Size | 0.24 AC |
| Building Size | 5,099 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1946 |
| Zoning | MU-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,132 CAD | 565 |
| 1+1 | 4 | $1,180 CAD | 736 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 595016 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $152,903 CAD |
Property Taxes
Parcel Number
595016
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$152,903 CAD
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1742 Center St NE - 1742 Center St NE Salem oR
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