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355 S KING ST Salem, OR $ 475,000
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355 S KING ST
$ 475,000
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355 S KING ST

Salem, OR, 97302
$ 475,000
Bedrooms4 Baths2.0 Sq 2,086

Monthly Estimate*

$ 2,925

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Multi-Family Home for sale in Salem, OR

for $475,000 with 4 bedrooms and 2 full baths. This 2,086 square foot home was built in 2014 on a lot size of 0.14.

Well maintained single-level duplex in desirable South Salem offering an excellent owner-occupant or investment opportunity. Each unit features 2 bedrooms, 1 bathroom, washer & dryer hookups, attached one-car garage, central air, and private backyard space. Property also includes in-ground sprinklers and has been consistently cared for over the years. One unit is currently vacant, giving you the flexibility to move in or lease at market rate while the occupied unit generates strong income. Tenant pays electric, garbage, and gas.

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Multi-Family Active

Price

$ 475,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,449

Style

Lot Size

0.14

Year Built

2014

Town/City

Salem

County/Region

Marion

MLS | Web ID

741404733
Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition Shingle
Zoning RS
Garage Spaces 2.0
Year Built 2014
Stories Count 1
Tax Year 2025
Parcel Number 576240
Gross Income 34200.0
Community Features CentralAir
County Marion
Net Operating Income 21709.0
Operating Expense 12490.0
Property Type MultiFamily
HOA N
Rent Includes Sewer Water
Status Active
Directions Liberty Rd S
High School South Salem
City Salem
Disclosures Disclosure
Number Of Units Total 2
MLS Area _172
Lot Size Square Feet 6098.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Candalaria
Tax Annual Amount 5449.45
Middle/Junior High School Leslie
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description HANSEN ADD SALEM FR LOTS 3 & 4 BLK 27
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Interior
Basement CrawlSpace
Hot Water Gas
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway Garage
Lot Features Level
Water Source PublicWater
Total Parking 2.0
Exterior Description CementSiding LapSiding
Foundation Details PillarPostPier
Building Area Total 2086.0
Lot Size Acres 0.14
Road Surface Type Paved
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Internal Only
Street Number 1 355
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* Excluded Features
List By
Smi Commercial Real Estate Llc

Broker

Sabrina.james@smire.com

Email

Affordability Calculator

$3,379
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,925
Monthly Property Taxes
$454
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1951073 Elementary School
1950766 Middle School
South Salem High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/29/2026$475,000 Listed Price

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355 S KING ST, Salem, OR, 97302 is a Multi-Family Home for sale at $475,000 with 2,086 sqft and a lot size of 0.14. 355 S KING ST has 4 bedrooms, 2.0 baths, and was built in 2014. The property's zip code is 97302 which is in Salem, OR

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