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$799,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 1 day ago

Listed By: JORDAN. SPARKS | Smi Real Estate | (541) 646-0650 | 541-646-0650

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8 Unit Mixed use investment opportunity sitting on a high-traffic corner near downtown Salem! Features (2) retail spaces with solid rental history and (6) well-kept, secluded 1 bed/1 bath apartments. Primary retail tenant in place for 23 years! Located on the bus line, walkable to downtown amenities. Tenants enjoy a private courtyard, with alley access, (1) parking space per unit, and shared laundry. Significant rental upside offers investors the opportunity to boost income and improve cash flow in 2027!

Full Property Details for 1734-1748 Center St NE

General

  • Price: $799,900
  • Taxes: $4,369 (25-26)
  • Status: Active
  • Type: Multi-Family
  • Source: WVMLS
  • MLS ID: 846552
  • Updated: 10/13/2026
  • Added to Site: 1 day(s) ago

Interior

  • Flooring: Laminate, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 7

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Color: Green

Location

  • County: CENTRAL SALEM
  • Subdivision: Oak Lawn Park
  • Complex: 1734-1748 Center St
  • Driving Directions: Located 1/2 block southeast of the intersection at Center St NE and 17th St NE.

School Information

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

Heating & Cooling

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

Utilities

  • Sewer: City
  • Water: City

Structural Information

  • Roof: Other (Refer to Remarks)
  • Square Feet: 5,099
  • Year Built: 1946

Unit Information

  • Units in Building: 8

Unit 1

  • Square Feet: 629
  • Total Bathrooms: .5

Unit 2

  • Square Feet: 391
  • Total Bathrooms: .5

Unit 3

  • Square Feet: 1130
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 4

  • Square Feet: 736
  • Level: Ticor
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 6

  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.24
  • Lot Size (Sq. Ft.): 1,130
  • Frontage Feet: 391
  • Zoning: MU-1
  • Lot Description: 3

Financial Considerations

  • Price Per Sq. Ft.: $156.87
  • Price Per Acre: $3,332,916.67
  • Assessment Year: 1946
  • Assessment Amount: $62
  • Tax Amount: $4,369
  • Tax Year: 25-26

Disclosures and Reports

  • Lot Number: 3
  • Flood plain: Yes

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Price & Sales History for 1734-1748 Center St NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/13/2026
Listed
$799,900
1532.45%
MLS
4/22/1987
Sold
$49,000
—
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 1734-1748 Center St NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,368
8%
$212,630
3%
2024
$4,053
3%
$206,440
3%
2023
$3,934
6%
$200,430
6%
2021
$3,715
-3%
$188,940
-3%
2022
$3,824
6%
$194,600
6%
2020
$3,606
7%
$183,440
3%
2019
$3,375
-2%
$178,100
3%
2018
$3,435
11%
$172,920
3%
2017
$3,100
5%
$167,890
3%
2016
$2,953
-1%
$163,000
3%
2015
$2,975
3%
$158,260
3%
2014
$2,880
2%
$153,660
3%
2013
$2,821
—
$149,190
—
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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1734-1748 Center St NE, Salem, OR 97301 (MLS# 846552) is a Multi-Family property with 8 units containing 6 bedrooms and 0 full bathrooms. 1734-1748 Center St NE is currently listed for $799,900 and was received on October 13, 2026. Want to learn more about 1734-1748 Center St NE? Do you have questions about finding other Multi-Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

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