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$850,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 hour ago
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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 9/2/26 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

Full Property Details for 1742 Center St

General

  • Price: $850,000
  • Taxes: $4,368 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 385679407
  • Updated: Today (8/21/2026)
  • Added to Site: Today

Rental Information

  • Rent Includes: None

Parking

  • Parking Features: Off Street

Location

  • County: Marion
  • Driving Directions: 17th St NE

School Information

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

Community

  • Community Name: 174 - Marion Co: Central Salem

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Zoned
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Other
  • Stories/Levels: 1
  • Square Feet: 5,099
  • Year Built: 1946
  • Property Condition: Approximately

Lot Features

  • Lot Size (Acres): 0.24
  • Lot Size (Sq. Ft.): 10,454
  • Lot Size: 10, 000 to 14, 999 SqFt

Financial Considerations

  • Tax Amount: $4,368.38
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: OAK LAWN PARK ADDITION, LOT 3, ACRES 0.24
  • Property ID: 585016

Listed by SMI Commercial Real Estate LLC (503) 390-6060, Jordan Sparks (541) 646-0650

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Listing agent

— 1742 Center St —

  • Jordan Sparks

    SMI Commercial Real Estate LLC

    503-390-6060

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1742 Center St

School District:Salem-Keizer School District 24j
NameGradesDistance
Englewood Elementary School
1132 19th Street Northeast, Salem, OR 97301
K-50.5 mi
Parrish Middle School
802 Capitol Street Northeast, Salem, OR 97301
6-80.5 mi
North Salem High School
765 14th Street Northeast, Salem, OR 97301
9-120.4 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 1742 Center St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/21/2026
Listed
$850,000
1634.69%
MLS
4/22/1987
Sold
$49,000
—
Public Record
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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 1742 Center St

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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Listed by SMI Commercial Real Estate LLC (503) 390-6060, Jordan Sparks (541) 646-0650

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1742 Center St, Salem, OR 97301 (MLS# 385679407) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 1742 Center St is currently listed for $850,000 and was received on August 21, 2026. Want to learn more about 1742 Center St? Do you have questions about finding other Multi-Family real estate for sale in Croisan-Illahe? You can browse all Croisan-Illahe real estate or contact a Coldwell Banker agent to request more information.

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