1196 Chemeketa St NE, Salem, OR 97301

Salem
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
Listed by: chun truongCell: 503-851-3167
Office: homesmart realty group971-599-5865
MLS#:841068
Source:OR_WVMLS
1196 Chemeketa St NE,Salem, OR 97301
$749,900
  • - Beds
  • 6 Baths
  • 2,704 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$749,900
  • Price per sq. ft.:$277.33

About this home

Investment opportunity in the heart of downtown Salem! This 6-unit converted home offers excellent income potential with separate water & electric meters for each unit. Unit mix includes 2 studio units, 3 one-bedroom units, and 1 two-bedroom unit, providing strong rental flexibility and tenant appeal. Conveniently located near Willamette University, Salem Hospital, train station, downtown shopping, restaurants, and major services. High-demand location with easy access to freeway & transit.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1945
  • Listing ID #:841068
  • Added:1 day(s) ago
  • Updated:May 29, 2026 at 11:32 AM

Rooms and interior

  • Total bathrooms:6
  • Flooring:Carpet, Vinyl
  • Kitchen Description:Range Included, Range: Electric
  • Basement Description:Finished
  • Living area:2,704 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1945
  • Building area:2,704 sq. ft.
  • Lot area:0.13 Acres
  • Exterior Features:Fenced Yard, Underground Sprinklers
  • Foundation Description:Slab

Schools

  • High school:South Salem
  • Middle school:Leslie
  • Elementary school:Bush

Utilities

  • Water:City

Finances and disclosures

  • Price:$749,900
  • Price per sq. ft.:$277.33
  • Tax amount:$5,030 (2025)

Features and amenities

  • Amenities:Electric Water Heater
MLS LogoBased 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. OR_WVMLS Member Broker: Ron Blacquiere

New listings near 1196 Chemeketa St NE