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$487,000
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Property Description
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
Full Property Details for 355 S King St
General
- Sold For: $487,000
- Taxes: $5,449 (2025)
- Status: Sold
- Type: Multi-Family
- Source: RWMLS
- MLS ID: 741404733
- Added to Site: 49 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
- Midd School District: Leslie
- 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
- Disclosures/Reports: Disclosure
- Property ID: 576240
Listed by SMI Commercial Real Estate LLC (503) 390-6060, Sabrina James (971) 218-9349
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls
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Schools
Schools serving 355 S King St
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Candalaria Elementary School 935 Hansen Avenue South, Salem, OR 97302 | K-5 | 0.5 mi |
Leslie Middle School 3850 Pringle Road Southeast, Salem, OR 97302 | 6-8 | 1.4 mi |
South Salem High School 1910 Church Street Southeast, Salem, OR 97302 | 9-12 | 0.9 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
Date
Details
Price
Change
Source
6/22/2026
Sold
$487,000
2.53%
MLS
5/29/2026
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
355 S King St, Salem, OR 97302 (MLS# 741404733) is a Multi-Family property that was sold at $487,000 on June 22, 2026. Want to learn more about 355 S King St? Do you have questions about finding other Multi-Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

