13 units on busy Portland Road. Studio, 1-BR and 2-BR configurations. Most w/ carport. Numerous recent capital improvements including most roofs, siding, some interiors. Has performed well for out-of-town owners. 0.66 acres of land zoned IC
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.66 Acres
Year renovated
—
Sq. Ft.
6,697
Year built
1934
Style
Multi-Family (5+ Unit)
County
Marion County
APN
526060
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 24, 2026.
IC
Industrial Commercial Zone
The purpose of the Industrial Commercial (IC) Zone is to implement the industrial commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. The IC zone generally allows a wide variety of retail, office, heavy commercial, light manufacturing, and warehousing activities.
Permitted uses
Include but are not limited to:
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Housing-Senior
Industrial
Manufacturing
Self-Storage / mini-Storage
Warehouse
Office
Property details
Parking
Parking Information
Parking Features: Assigned, Carport
Parking Total: 13
Interior
Multi Unit Information
# Of Units Total: 13
Unit Information
Unit Type: 1, 2, 3
Unit Type 1 Information
Actual Rent: $900
Area: 1,083
Baths Total: 1
Beds Total: 3
Units Total: 1
Unit Type 2 Information
Actual Rent: $687
Area: 560
BathsTotal: 1
Beds Total: 2
Units Total: 1
Unit Type 3 Information
Actual Rent: $495
Area: 302
Baths Total: 1
Units Total: 11
Exterior
Exterior Features
Roof: Other
Exterior Description: Brick, Lap Siding
Lot Information
Lot Size Range: 20,000 SqFt to .99 Acres
Lot Size: 20,000 SqFt to .99 Acres
Lot Features: Level
Parcel Number: 526060
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Updated/Remodeled
View YN: No
Building Information
Year Built: 1934
Building Area Total: 5,093
Financial
Tax Information
Tax Legal Description: ACRES 0.66
Tax Annual Amount: $5,486.24
Rent Information
Rent Includes: Electricity, Heat, Maintenance Grounds, Sewer, Trash Collection, Water
Lease / Rent Information
CAP Rate: 8.83
Gross Rent Multiplier: 5.87
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Baseboard
Cooling YN: No
Location
Location Information
Directions: Portland Road NE - near Bill Frey Drive
Unparsed Address: 3355 PORTLAND RD, Salem, OR 97301
Community Information
Zoning: IC
Public facts
Beds: —
Baths: —
Sq. Ft.: 6,697
Stories: 1.0
Lot Size: 0.66 acres
Style: Multi-Family (5+ Unit)
Year Built: 1934
Year Renovated: —
County: Marion County
APN: 526060
Home facts updated by county records on Jun 24, 2026
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Grant Community School
Public K-5 • Assigned • 1.7mi
6/10
Parrish Middle School
Public 6-8 • Assigned • 1.9mi
3/10
North Salem High School
Public 9-12 • Assigned • 1.9mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 92° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
13 unhealthy days expected this year, 14 days in 30 years
Provided by First Street
Historical weather
Salem, OR • 97301
Average low and high temperatures (°F)
49
34
51
37
59
43
66
44
72
49
79
53
87
58
86
59
79
55
65
46
54
43
50
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.9 hours in
June and 2.1 hours in December, placing it below the
U.S. average for solar exposure.