440 State St, Salem, OR 97301 Property Records

Marion County property record for 440 State St, Salem, OR 97301

Property Summary

Property TypeCommercial Office
Details9,384 sqft · built 1890
Lot Size0.14 acres (6,098 sqft)
OwnerCompany Name on File
Last Sale$675,000 (May 2018)
Tax Bill$3,527 (2025)
Deeds & MortgagesJan 2022 Mortgage
Apr 2019 Mortgage
+ 1 more
Flood ZoneZone X (minimal risk)
APN073W27AB04900

Property Details

APN / Parcel Number

Primary APN073W27AB04900
Alternative APN
  • 589124

Interior

Stories1 Story
Building Area9,384 sqft Gross Area
1st Floor Area4,674 sqft
Basement Area4,710 sqft

Exterior

Year BuiltBuilt 1890
Effective Year BuiltEffective 1890
Lot Area6,098 sqft (0.14 acres)

Location & Zoning

Account Number589124
Street Address440 STATE ST
CitySALEM
StateOR
Zip97301-3648
Property CategoryCommercial
Property TypeCommercial > Office > Commercial Office
Local Zoning CodeCB
Legal DescriptionSALEM BLOCK 20 LOT 7 ACRES .14
Legal Range03W
Legal Township07S
Legal Section27
Legal SubdivisionSALEM
Legal Block20
Legal Lot Number7
JurisdictionMARION OR
Township / Civil DivisionSALEM
Census Block Group2
Census Block2049
Census Tract200

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic DistrictWithin 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.

Owner

Source: Marion County assessment roll, as of November 10, 2025

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

Owner of RecordCompany Name on File
Mailing Address440 STATE ST, SALEM, OR 97301-3648
Owner TypeCompany
VestingLimited Liability Company

Deeds, Mortgages & Sale History

DateDocument
Jan 26, 2022Deed of Trust, Mortgage · Commercial Mortgage
WASHINGTON FEDERAL NA
Apr 11, 2019Deed of Trust, Mortgage
REDEVELOPMENT AGCY
May 31, 2018Warranty Deed, Transfer
PIONEER TR BK

Assessor's Deed Record

Deed NamesVerified Name on Deed
Last SaleMay 31, 2018 · Amount on Record
Deed SaleMay 31, 2018 · Amount on Record
Prior SaleNov 29, 2002 · Amount on Record
Deed Book / Page4083 / 30
Record UpdatedJun 8, 2026

January 2022: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARION OR
Property Address440 STATE ST, SALEM, OR 97301-3648
Transaction TypeMortgage
Record UpdatedMar 18, 2022
Title CompanyFIDELITY NATIONAL TITLE

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0045880203
DateJan 26, 2022
Book Page4588/203
Lender
NameWASHINGTON FEDERAL NA
TypeBank
AddressSILVERDALE, WA 98383
Agreement
TypeCommercial Mortgage
AmountAmount Recorded
Term120 Months
DueJan 15, 2032

April 2019: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARION OR
Property Address440 STATE ST, SALEM, OR 97301-3648
Document Number0000018355
Instrument DateApr 11, 2019
Transaction TypeMortgage
Record UpdatedMay 8, 2019
Title CompanyFIDELITY NATIONAL TITLE

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
AddressPO BOX 2717 SALEM OR 973082717, SALEM, OR 97308-2717

Mortgage

Document Number0000018355
DateApr 30, 2019
Book Page004191/000317
Instrument18355
Lender
NameREDEVELOPMENT AGCY
Address350 COMMERCIAL ST NE, SALEM, OR 97301-3412
Agreement
AmountAmount Recorded
Term120 Months
DueApr 29, 2029

May 2018: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMARION OR
Recording DateMay 31, 2018
Property Address440 STATE ST, SALEM, OR 97301-3648
Document Number0000025761
Book / Page004083 / 000030
Instrument DateMay 29, 2018
Instrument25761
Transaction TypeTransfer
Record UpdatedJun 13, 2018
Title CompanyFIDELITY NATIONAL TITLE

Transaction

AmountAmount Recorded
Tax$675.00
Amount AccuracyConfirmed
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
AddressPO BOX 2717 SALEM OR 973082717, SALEM, OR 97308-2717

Mortgage

Document Number25762
DateMay 31, 2018
Book Page004083/000031
Instrument25762
Lender
NamePIONEER TR BK
TypeBank
Address109 COMMERCIAL ST NE, SALEM, OR 97301-3402
Agreement
AmountAmount Recorded
Term60 Months
DueMay 30, 2023

Tax Assessment & Valuation

Source: Marion County assessment roll, as of November 10, 2025

Property Jurisdictions

TypeName
StateOregon
CountyMarion County
MunicipalitySalem City
Unified School DistrictSalem-Keizer School District 24J (KG - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$3,527.00 (+7.76%)$171,690 (+2.99%)$571,830 (-) Land $187,860 Building $383,970
2024$3,273.00 (+3.05%)$166,700 (+3%)$571,830 (-) Land $187,860 Building $383,970
2023$3,176.00 (+2.85%)$161,850 (+2.99%)$571,830 (-) Land $187,860 Building $383,970
2022$3,088.00 Additional exemption filed$157,150$571,830 Land $187,860 Building $383,970

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective September 30, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Community Rating SystemClass 3 (35% premium discount)
Nearby Flood Policies18 units insured
incl. 11 condo units

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.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 80% of the US · lower than 93% of Oregon
Wildfire Likelihood0.01% annual chance
ExposureNone
beyond ember reach

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemSALEM PUBLIC WORKS
serves 199,820 people · EPA ID OR4100731
Water SourceSurface water
Last State InspectionJul 2023
Lead2 ppb (2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 163 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 250
Alyrica Networks
Fixed Wireless
400 / 50
AT&T
Fixed Wireless
100 / 20

May also be available: Hunter Communications & Technologies, Lumen Technologies, T-Mobile USA, Verizon.

Nearby Properties on State St

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