1734 CENTER ST, Salem, OR 97301

$799,900
5,099
SqFt

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List Price
$799,900
Days on Market
9
MLS#
735740524
Property Type
Multifamily
Sqft. of Residence
5,099
Lot Size
10, 000 to 14, 999 SqFt
Region
Marion Co: Central Salem
Status
ACTIVE

Property Description

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! Please do not disturb the residents

Additional Information

Tax Amount
$4,368
Year Built
1946
High School
North Salem
Elementary School
Englewood
Middle School
Parrish
Acres
0.24
Living Area
5,099
Stories
1
Terms
Cash, Conventional
Cooling Description
None
Fuel Description
Electricity
Heating Description
Zoned
Hoa Rent Includes
None
Hot Water Description
Electricity
Exterior Description
Other
Roof Type
Other
Sewer Description
Public Sewer
Parking
Off Street
Parking Description
Off Street
Road Surface
Paved
Number Of Units Total
8
Unit Type One Baths Total
1
Unit Type One Rent
1300
Unit Type One Sq Ft
629
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
1
Unit Type Three Rent
822
Unit Type Three Sq Ft
565
Unit Type Three Units Total
2
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
851
Unit Type Four Sq Ft
736
Unit Type Four Units Total
3
Unit Type Five Sq Ft
736
Unit Type Five Units Total
1

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Listing courtesy of SMI Commercial Real Estate LLC.

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