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$749,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 5 hours ago

Listed By: CHUN. TRUONG | Homesmart Realty Group | (503) 851-3167 | Cell: 503-851-3167

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Investment opportunity in the heart of downtown Salem! This 6-unit converted home offers excellent income potential with separate water & electric meters for each unit. Unit mix includes 2 studio units, 3 one-bedroom units, and 1 two-bedroom unit, providing strong rental flexibility and tenant appeal. Conveniently located near Willamette University, Salem Hospital, train station, downtown shopping, restaurants, and major services. High-demand location with easy access to freeway & transit.

Full Property Details for 1196 Chemeketa St NE

General

  • Price: $749,900
  • Taxes: $5,030 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: WVMLS
  • MLS ID: 841068
  • Updated: Today (5/29/2026)
  • Added to Site: Today

Interior

  • Flooring: Carpet, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 6

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Color: Blue

Location

  • County: CENTRAL SALEM
  • Subdivision: Charles Cartwrights
  • Driving Directions: Corner of 12th and Chemeketa - Park on the street

School Information

  • Elementary School: Bush
  • Middle School: Leslie
  • High School: South Salem

Heating & Cooling

  • Heating Type: Electric, Zonal
  • Heating Fuel: Electric, Zonal
  • Water Heater: Electric

Utilities

  • Sewer: City
  • Water: City

Structural Information

  • Basement Desc.: Finished
  • Roof: Composition
  • Square Feet: 2,704
  • Year Built: 1945

Unit Information

  • Units in Building: 6

Unit 4

  • Level: Ticor

Lot Features

  • Lot Size (Acres): 0.13
  • Zoning: Multi
  • Lot Description: 8 & 9

Financial Considerations

  • Price Per Sq. Ft.: $277.33
  • Price Per Acre: $5,768,461.54
  • Assessment Year: 1945
  • Tax Amount: $5,030
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 8 & 9

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NMLS#: 1598647

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Schools serving 1196 Chemeketa St NE

School District:Salem-Keizer School District 24j
NameGradesDistance
Bush Elementary School
410 14th Street Southeast, Salem, OR 97301
K-50.5 mi
Leslie Middle School
3850 Pringle Road Southeast, Salem, OR 97302
6-82.7 mi
South Salem High School
1910 Church Street Southeast, Salem, OR 97302
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1196 Chemeketa St NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/29/2026
Listed
$749,900
26.03%
MLS
1/28/2026
Sold
$595,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1196 Chemeketa St NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,030
8%
$244,850
3%
2024
$4,667
3%
$237,720
3%
2023
$4,530
6%
$230,800
6%
2021
$4,277
-3%
$217,560
-3%
2022
$4,403
6%
$224,080
6%
2020
$4,153
7%
$211,230
3%
2019
$3,887
-2%
$205,080
3%
2018
$3,955
11%
$199,110
3%
2017
$3,570
5%
$193,320
3%
2016
$3,400
-1%
$187,690
3%
2015
$3,426
3%
$182,230
3%
2014
$3,316
2%
$176,930
3%
2013
$3,248
—
$171,780
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1196 Chemeketa St NE, Salem, OR 97301 (MLS# 841068) is a Multi-Family property with 6 units containing 6 bedrooms and 0 full bathrooms. 1196 Chemeketa St NE is currently listed for $749,900 and was received on May 29, 2026. Want to learn more about 1196 Chemeketa St NE? Do you have questions about finding other Multi-Family real estate for sale in Central Area? You can browse all Central Area real estate or contact a Coldwell Banker agent to request more information.

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