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Listing provided courtesy of SMI Commercial Real Estate LLC- MLS# 741404733MLS Provider

355 S KING STSalem, OR 97302

Multi-Family · 2,086 Sq. ft. | 0.14 Acres
$475,000 Pending

355 S KING ST Overview

Time on Site:
31 days
Visits:
0

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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355 S KING ST Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,086
  • Price/Sq.ft. $228
  • Lot 0.14 Acres

Details

General

School Information

  • Elementary School: Candalaria
  • Middle Or Junior School: Leslie
  • High School: South Salem

Income/Expenses

  • Gross Income: 34200.0
  • Net Operating Income: 21709.0
  • Operating Expense: 12490.0

Building Information

  • Year Built: 2014

Location/Region

  • Country: US
  • County Or Parish: Marion
  • MLS Area Major: 172 - Marion Co: South Salem

Community/Development

  • Community Features: Central Air

Rent/Lease Information

  • Rent Includes: Sewer,Water

Tax Information

  • Tax Annual Amount: 5449.45
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: 576240
  • Property Type: Multi Family
  • Zoning: RS

Interior

Parking Information

  • Garage Spaces: 2.0

Building Interior

  • Building Area Total: 2086.0

General Information

  • Basement: Crawl Space
  • Cooling: Central Air
  • Foundation Details: Pillar/Post/Pier
  • Heating: Forced Air
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Driveway,Garage
  • Parking Total: 2.0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.14
  • Lot Size Square Feet: 6098.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition,Shingle

General Information

  • Number Of Units Total: 2
  • Sewer: Public Sewer

355 S KING ST Neighborhood

Community

97302 (Salem) Demographics

41
Median Age
1,652
Population Density (per sq. mile)
50%
College Educated
$67,270
Estimated Median Income
10,033
Estimated Total Home Owners
6,988
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

355 S KING ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

355 S KING ST Market Data

Based on the last 30 days in this zip code

$645,856
Average List Price
$290
Average Price per Square Foot
76
Properties Sold
89
Average Days on Market
262
Properties for Sale
Calculations provided by Reliance Network

355 S KING ST History

Date Event Value Agent
6/5/2026Source: Regional MLS Status Change
Pending
5/29/2026Source: Regional MLS Added to Database
May 29, 2026