261 State St, Salem, OR 97301 Property Records

Marion County property record for 261 State St, Salem, OR 97301 · Last verified March 2026

Property Summary

Property Type	Office Building
Details	9,750 sqft · built 1911
Lot Size	0.069 acres (3,049 sqft)
Owner	Company Name on File
Tax Bill	$7,803 (2025)
Flood Zone	Zone X (minimal risk)
APN	`073W22CD03700`

Property Details

APN / Parcel Number

Primary APN	`073W22CD03700`
Alternative APN	`589338`

Interior

Stories	1 Story
Building Area	9,750 sqft Living Area
1st Floor Area	6,500 sqft
Basement Area	3,250 sqft
Unfinished Basement	3,250 sqft

Exterior

Year Built	Built 1911
Lot Area	3,049 sqft (0.069 acres)

Location & Zoning

Account Number	589338
Street Address	261 STATE ST
City	SALEM
State	OR
Zip	97301
Property Category	Commercial
Property Type	Commercial > Office > Office Building
Legal Description	SALEM FR LOT 4 BLK 48
Legal Range	03W
Legal Township	07
Legal Section	22
Legal Quarter	SW
Quarter-Quarter Section	SE
Legal Subdivision	SALEM
Legal Block	48
Legal Lot Number	4
Jurisdiction	MARION OR
Township / Civil Division	SALEM
Census Block Group	2
Census Block	2040
Census Tract	200

Owner

Source: Marion County records · APN 073W22CD03700

Assessment roll updated September 30, 2025 · Last verified March 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	PO BOX 2305, SALEM, OR 97308-2305
Owner Type	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Jan 04, 2002
Deed Sale	Jan 04, 2002
Prior Sale	Jan 04, 2002
Deed Document Number	0018840107
Record Updated	Jun 08, 2026

Tax Assessment & Valuation

Source: Marion County records · Assessment roll updated September 30, 2025 · Last verified March 2026

Property Jurisdictions

Type	Name
State	Oregon
County	Marion County
Municipality	Salem City
Unified School District	Salem-Keizer School District 24J (KG - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$7,803.00 (+7.78%)	$379,840 (+3%)	$1,157,110 (-) Land $97,890 Building $1,059,220
2024	$7,240.00 (+3.03%)	$368,780 (+3%)	$1,157,110 (-) Land $97,890 Building $1,059,220
2023	$7,027.00 (+2.88%)	$358,040 (+3%)	$1,157,110 (+8.4%) Land $97,890 Building $1,059,220
2022	$6,830.00	$347,620	$1,067,430 Land $97,890 Building $969,540

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Marion County (41047C), updated September 30, 2026 · FEMA OpenFEMA NFIP redacted claims and policies, census block group 410470002002, refreshed September 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Special Flood Hazard Area	No
Flood Hazard	Minimal
500-Year Floodplain	No
Flood Insurance Cost	Premium on Record median of 7 individual NFIP policies nearby
Community Rating System	Class 3 (35% premium discount)
Nearby Flood Policies	18 units insured (11 under condo master policies) 4 of 7 individual policies on primary residences

Wildfire

Wildfire Risk	Low above 20% of the US · above 6% of Oregon
Wildfire Likelihood	About 1 in 10,000 per year
Exposure	Indirect within ember reach

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Historic Designation

Source: NPS National Register of Historic Places · August 1, 2026 release · Last verified October 2026

Historic District	Within the Salem Downtown State Street-Commercial Street Historic District listed 2001 · 59 contributing resources · NRIS 01001067

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.