1742 Center St NE NE, Salem, OR 97301
1742 Center St NE NE, Salem, OR 97301
1742 Center St NE NE, Salem, OR 97301
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Listed by JORDAN SPARKS • SMI REAL ESTATE • 541-646-0650
$850,000
Est. payment /mo
6 Beds
7 Baths
5,099 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi- (5+)

Listing Status Active

Purchase Type For Sale

Square Footage 5,099 sqft

Price per Sqft $166

Subdivision Oak Lawn Park

MLS Listing ID 844900

Bedrooms 6

Year Built 1946

Annual Tax Amount $4,369

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Multi- (5+)

Property Description

Don't miss out! 8 Unit mixed use investment opportunity, sitting on a highly trafficked corner near 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. See associated docs.

Location

State OR

County Marion

Area 20 Central Salem

Rooms

Dining Room Area (Combination)

Interior

Hot Water Electric

Heating Electric, Zonal

Flooring Laminate, Vinyl

Laundry Laundry Center

Exterior

Fence Partial

Building

Foundation Slab

Sewer City

Water City

New Construction No

Schools

Elementary Schools Englewood

Middle Schools Parrish

High Schools North Salem

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Willamette Valley MLS (WVMLS)

Nearby Locations

Ruben & Erin Garibay

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 871-2672

garibayrealtyteam@gmail.com

3240 Commercial St SE Suite 100, Salem, Oregon 97302

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1742 Center St NE NE