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$475,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 hour ago
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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.

Full Property Details for 355 S King St

General

  • Price: $475,000
  • Taxes: $5,449 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 741404733
  • Updated: 5/31/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Rent Includes: Sewer, Water

Parking

  • Garage: Yes
  • Total Spaces: 2
  • Parking Features: Driveway, Garage

Location

  • County: Marion
  • Driving Directions: Liberty Rd S

School Information

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

Community

  • Community Name: 172 - Marion Co: South Salem

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Crawl Space
  • Roof: Composition, Shingle
  • Stories/Levels: 1
  • Square Feet: 2,086
  • Year Built: 2014

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098
  • Lot Size: 5, 000 to 6, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Operating Expenses: $12,490
  • Tax Amount: $5,449.45
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: HANSEN ADD SALEM FR LOTS 3 & 4 BLK 27
  • Disclosures/Reports: Disclosure
  • Property ID: 576240

Listed by SMI Commercial Real Estate LLC (503) 390-6060, Sabrina James (971) 218-9349

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Listing agent

— 355 S King St —

  • Sabrina James

    SMI Commercial Real Estate LLC

    503-390-6060

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 355 S King St

School District:Salem-Keizer School District 24j
NameGradesDistance
Candalaria Elementary School
935 Hansen Avenue South, Salem, OR 97302
K-50.5 mi
Leslie Middle School
3850 Pringle Road Southeast, Salem, OR 97302
6-81.4 mi
South Salem High School
1910 Church Street Southeast, Salem, OR 97302
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 355 S King St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/29/2026
Listed
$475,000
75.93%
MLS
6/04/2018
Sold
$270,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 355 S King St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,449
8%
$265,250
3%
2024
$5,056
3%
$257,530
3%
2023
$4,907
6%
$250,030
6%
2021
$4,634
-3%
$235,680
-3%
2022
$4,770
6%
$242,750
6%
2020
$4,499
7%
$228,820
3%
2019
$4,210
-2%
$222,160
3%
2018
$4,285
11%
$215,690
3%
2017
$3,867
5%
$209,410
3%
2016
$3,684
-1%
$203,320
3%
2015
$3,711
357%
$197,400
356%
2014
$812
2%
$43,310
3%
2013
$795
—
$42,050
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by SMI Commercial Real Estate LLC (503) 390-6060, Sabrina James (971) 218-9349

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355 S King St, Salem, OR 97302 (MLS# 741404733) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 355 S King St is currently listed for $475,000 and was received on May 29, 2026. Want to learn more about 355 S King St? Do you have questions about finding other Multi-Family real estate for sale in Croisan-Illahe? You can browse all Croisan-Illahe real estate or contact a Coldwell Banker agent to request more information.

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