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355 & 357 King St S Salem OR 97302 355 King St S 2 Unit Apartment Building $475,000 ($237,500/Unit) Salem, OR 97302
Executive Summary
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.
Please do not disturb the tenants.
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.
Please do not disturb the tenants.
Property Facts
| Price | $475,000 | Building Class | C |
| Price Per Unit | $237,500 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,086 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2014 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | RS | ||
| Price | $475,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,086 SF |
| No. Stories | 1 |
| Year Built | 2014 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RS |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,450 | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 576240 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $265,250 |
Property Taxes
Parcel Number
576240
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$265,250
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355 & 357 King St S Salem OR 97302 | 355 King St S