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$375,000
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Property Description
Can't be missed investment opportunity! Available 4.5% rate! This property offers two homes on one lot with strong rental income. The main house features 3 bedrooms and is currently rented for $1,925/month. Recently renovated with newer laminate flooring, updated cabinets and counters, modern appliances, upgraded windows, and an updated electrical panel. The charming studio cottage brings in an additional $1,125/month, providing excellent flexibility as a rental, guest space, or private office.
Full Property Details
Full Property Details for 1940 Church St NE
General
- Sold For: $375,000
- Taxes: $2,164 (2024)
- Status: Closed
- Type: Duplex
- Source: WVMLS
- MLS ID: 834295
- Added to Site: 137 day(s) ago
Interior
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Location
- County: CENTRAL SALEM
- Subdivision: Clark & Meyers Addition
School Information
- Elementary School: Highland
- Middle School: Waldo
- High School: North Salem
Heating & Cooling
- Heating Type: Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: City
- Water: City
Structural Information
- Roof: Composition
- Square Feet: 1,200
- Year Built: 1926
Unit Information
- Units in Building: 2
Unit 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Level: AmeriTitle
Unit 5
- Square Feet: 3
Lot Features
- Lot Size (Acres): 0.14
- Zoning: RS
- Lot Description: 6
Financial Considerations
- Price Per Sq. Ft.: $312.5
- Price Per Acre: $3,178,571.43
- Assessment Year: 1926
- Tax Amount: $2,164
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 6
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Schools
Schools serving 1940 Church St NE
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Highland Elementary School, Salem, OR 530 Highland Ave NE, Salem, OR 97303 | PK-5 | 0.2 mi |
Parrish Middle School 802 Capitol Street Northeast, Salem, OR 97301 | 6-8 | 0.8 mi |
North Salem High School 765 14th Street Northeast, Salem, OR 97301 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1940 Church St NE
Date
Details
Price
Change
Source
2/17/2026
Sold
$375,000
-15.73%
MLS
10/06/2025
Listed
$445,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1940 Church St NE, Salem, OR 97301 (MLS# 834295) is a Duplex property that was sold at $375,000 on February 17, 2026. Want to learn more about 1940 Church St NE? Do you have questions about finding other Duplex real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

