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1940 Church St Ne, Salem, OR 97301

Listing Courtesy of SMI REAL ESTATE. 971-218-9349 Selling Office: HOMESMART REALTY GROUP.

$375,000
4
BD
2
BA
1,200
SqFt
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Sold Price
$375,000
List Price
$445,000
Closing Date
Feb 17, 2026
MLS#
834295
Status
CLOSED
Type
Multifamily
Subtype
Duplex
City
Salem
Area
20 Central Salem
County
Marion
Bedrooms
4
Bathrooms
2
Year Built
1926
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(503) 838-1912

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.

(503) 838-1912
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Additional Information

Water
Public
Heating
Electric
Flooring
Laminate
Sewer
Public Sewer
View
Territorial
Roof
Composition
Elementary School
Highland
Middle School
Waldo
High School
North Salem
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.