1742 Center St NE - Apartments FOR SALE


Salem, OR 97301- Northeast Neighbors
$850,000 USD
503-390-6060
1742 Center St NE, Salem, OR for Sale
$850,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1742 Center St NE
Salem, OR 97301
Northeast Neighbors


OVERVIEW

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! *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 tenants or residents.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

8

PRICE/UNIT

$106,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1742 Center St NE Salem oR

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,381 SF

ZONING

MU-1

APN/PARCEL ID

585016

ASK ABOUT THIS PROPERTY

Jordan SparksSMI Real EstateMore Info
503-390-6060

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Jordan SparksSMI Real EstateMore Info
503-390-6060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.