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Lisa Fisher, Principal Broker
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1742 Center St, Salem, OR 97301

$850,000
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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

1742 Center St | MLS# 385679407

This multi-family property located at 1742 Center St, Salem, OR 97301 is currently listed for sale with an asking price of $850,000. Search Salem real estate on lisafisher.bendpremierrealestate.com today.

New to the Market
SQUARE FEET5,099 MLS#385679407

Property Features

Property Type: Multi Unit - Multiple
Cooling: None
Fuel Type: Electricity
Heating: Zoned
Roof Type: Other
Stories: 1.0
Taxes: $4,368
Year Built: 1946
Square Feet: 5,099

Units

Unit Type 1:
Bathroom(s): 1
Rent: $1325.00
Square Footage: 629
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Rent: $575.00
Square Footage: 391
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $822.00
Square Footage: 565
Total Units: 2
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $857.00
Square Footage: 736
Total Units: 4

Feature Descriptions

Days on Site: 6
Exterior: Other
Hot Water: Electricity
Parking: OffStreet
Parking Notes: OffStreet
Sewer: Public Sewer
Units: 8
Water: Public Water

Local Schools

High School: North Salem
Middle School: Parrish
Elementary School: Englewood

Listed By / Shown By

Listed By

Agency Name: SMI Commercial Real Estate LLC
Agency Phone: 503-390-6060

Shown By

Agent Name: Lisa Fisher, Principal Broker
Agent Phone: (503) 970-0124
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 4,909.98 per month $4,298.06 Principal & Interest $364.00 Property Tax $247.92 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)
Lisa Fisher, Principal Broker
Lisa Fisher, Principal Broker Office: (541) 323-2779 Cell: (503) 970-0124 Email Me
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/28/2026. The listing information on this page last changed on 08/28/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 08/28/2026 1:46:58 AM EST) or RMLS (last updated Fri 08/28/2026 1:40:29 AM EST) or COAR/MLSCO (last updated Fri 08/28/2026 1:31:26 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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