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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: 228 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 ATTOM Data Solutions 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 Croisan-Illahe? You can browse all Croisan-Illahe real estate or contact a Coldwell Banker agent to request more information.

