554 Ferry St SE, Salem, OR 97301 Property Records

Marion County property record for 554 Ferry St SE, Salem, OR 97301

Property Summary

Property Type	Commercial Office
Details	7,674 sqft · built 1920
Lot Size	0.07 acres (3,049 sqft)
Owner	Company Name on File
Last Sale	$584,999 (Jan 2005)
Tax Bill	$20,344 (2025)
Deeds & Mortgages	Aug 2023 Mortgage Jan 2020 Loan Modification + 1 more
Flood Zone	Zone X (minimal risk)
APN	`073W27AB01100`

Property Details

APN / Parcel Number

Primary APN	`073W27AB01100`
Alternative APN	`589046`

Interior

Stories	1 Story
Building Area	7,674 sqft Gross Area
1st Floor Area	5,084 sqft
Basement Area	2,590 sqft

Exterior

Year Built	Built 1920
Effective Year Built	Effective 1920
Lot Area	3,049 sqft (0.07 acres)

Location & Zoning

Account Number	589046
Street Address	554 FERRY ST SE
City	SALEM
State	OR
Zip	97301-3716
Property Category	Commercial
Property Type	Commercial > Office > Commercial Office
Local Zoning Code	CB
Legal Description	SALEM BLOCK 8 LOT 1 ACRES .07
Legal Range	03W
Legal Township	07S
Legal Section	27
Legal Subdivision	SALEM
Legal Block	8
Legal Lot Number	1
Jurisdiction	MARION OR
Township / Civil Division	SALEM
Census Block Group	3
Census Block	3039
Census Tract	200

Historic Designation

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

Owner

554 Ferry St SE, a commercial property, is owned by a company that bought it in January 2005.

Source: Marion County records, as of October 21, 2026

Owner of Record	Company Name on File
Mailing Address	554 FERRY ST SE, SALEM, OR 97301-3716
Owner Type	Company
Vesting	Limited Liability Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Aug 15, 2023	Deed of Trust, Mortgage · Commercial Mortgage UMPQUA BANK
Jan 22, 2020	Loan Modification, Mortgage PIONEER TR BK
Jan 22, 2020	Loan Modification, Mortgage PIONEER TR BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 31, 2005 · Amount on File
Deed Sale	Jan 31, 2005 · Amount on File
Deed Book / Page	2433 / 28
Record Updated	Oct 29, 2026

August 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION OR
Property Address	554 FERRY ST SE, SALEM, OR 97301-3716
Transaction Type	Mortgage
Record Updated	Mar 6, 2026
Title Company	AMERITITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0202324830
Date	Aug 15, 2023
Instrument	2023-24830

Lender

Name	UMPQUA BANK
Type	Bank
Address	ROSEBURG, OR 97470

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	120 Months
Due	Aug 20, 2033

January 2020: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	MARION OR
Property Address	554 FERRY ST SE, SALEM, OR 97301-3716
Document Number	0000004725
Instrument Date	Jan 22, 2020
Transaction Type	Mortgage
Record Updated	Feb 17, 2020
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	554 FERRY ST SE SALEM OR 973013716, SALEM, OR 97301-3716

Mortgage

Document Number	0000004725
Date	Jan 29, 2020
Book Page	004293/000343
Instrument	4725

Lender

Name	PIONEER TR BK
Type	Bank
Address	SALEM, OR 97308

Agreement

Term	60 Months
Due	Jan 28, 2025

January 2020: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	MARION OR
Property Address	554 FERRY ST SE, SALEM, OR 97301-3716
Document Number	0000004724
Instrument Date	Jan 22, 2020
Transaction Type	Mortgage
Record Updated	Feb 17, 2020
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	554 FERRY ST SE SALEM OR 973013716, SALEM, OR 97301-3716

Mortgage

Document Number	0000004724
Date	Jan 29, 2020
Book Page	004293/000342
Instrument	4724

Lender

Name	PIONEER TR BK
Type	Bank
Address	SALEM, OR 97308

Agreement

Term	60 Months
Due	Jan 28, 2025

Tax Assessment & Valuation

The 2025 property tax bill for 554 Ferry St SE was $20,344, up 6.5% from the year before.

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

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

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$20,344.00 (+6.46%)	$1,002,470 (+3%)	$1,122,850 (-) Land $75,000 Building $1,047,850
2024	$19,109.00 (+73.25%)	$973,280 (+73.18%)	$1,122,850 (+87.49%) Land $75,000 Building $1,047,850
2023	$11,030.00 (+2.88%)	$561,990 (+3%)	$598,900 (-4.21%) Land $70,500 Building $528,400
2022	$10,721.00	$545,630	$625,190 Land $70,500 Building $554,690

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

Flood

FEMA maps place 554 Ferry St SE in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

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

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone A, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 22 policies
Community Rating System	Class 3 (35% premium discount)
Nearby Flood Policies	22 in force
Nearby Flood Claims	12 (1981–2012)
Claims Outside the SFHA	5 of 12
Most Recent Claim	Jan 2012 · Severe Winter Storm, Flooding, Landslides, And Mudslides
Claims by Event	Severe Winter Storm, Flooding, Landslides, And Mudslides, Jan 2012 · 5 claims High Winds, Severe Storms And Flooding, Feb 1996 · 4 claims

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

Wildfire risk around 554 Ferry St SE is low, with a 0.01% annual chance of wildfire.

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

Wildfire Risk	Low lower than 80% of the US · lower than 93% of Oregon
Wildfire Likelihood	0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

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

Water System	SALEM PUBLIC WORKS serves 199,820 people · EPA ID OR4100731
Water Source	Surface water
Last State Inspection	Jul 2023
Lead	2 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None 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

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

May also be available: CenturyLink, Hunter Communications, T-Mobile, Verizon.

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