About 1742 Center St
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! *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
Features of 1742 Center St
| MLS® # | 385679407 |
|---|---|
| Price | $850,000 |
| Bathrooms | 0.00 |
| Square Footage | 5,099 |
| Acres | 0.24 |
| Year Built | 1946 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 1742 Center St |
|---|---|
| Area | 174 - Marion Co: Central Salem |
| City | Salem |
| County | Marion |
| State | OR |
| Zip Code | 97301 |
Amenities
| Parking | Off Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Zoned |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior | Other |
|---|---|
| Roof | Other |
| Foundation | Slab |
School Information
| Elementary | Englewood |
|---|---|
| Middle | Parrish |
| High | North Salem |
Additional Information
| Date Listed | August 21st, 2026 |
|---|---|
| Days on Market | 30 |
| Zoning | MU-1 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | SMI Commercial Real Estate LLC |
|---|