Sold
Last Sold Price
51,751 sqft
388 State St, Ste 455, Salem, OR 97301
0.11 acresLot Size
1926Year Built
$97/sq ftPrice per sq ft
Listing closed: 11/16/2017 04:00 AM

Recent comparable sales

Median sold price

$4,150,000

Salem, OR

9 comparable properties found

1

$4,150,000

Sold 06/29/26

Unavailable
Bedrooms
Unavailable
Bathrooms
44,485
Square Feet
1.99
Acres
2

$3,300,000

Sold 04/14/26

Unavailable
Bedrooms
Unavailable
Bathrooms
49,830
Square Feet
0.28
Acres
3

$4,700,000

Sold 01/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
10,018
Square Feet
0.71
Acres
4

$10,000

Sold 08/19/25

Unavailable
Bedrooms
Unavailable
Bathrooms
44,204
Square Feet
1.95
Acres
5

$3,800,000

Sold 04/13/26

Unavailable
Bedrooms
Unavailable
Bathrooms
11,022
Square Feet
0.25
Acres
6

$3,800,000

Sold 04/03/26

Unavailable
Bedrooms
Unavailable
Bathrooms
23,202
Square Feet
0.63
Acres
7

$5,325,000

Sold 01/29/26

Unavailable
Bedrooms
Unavailable
Bathrooms
10,000
Square Feet
1.11
Acres
8

$5,370,000

Sold 12/12/24

Unavailable
Bedrooms
Unavailable
Bathrooms
11,341
Square Feet
1.35
Acres
9

$5,610,000

Sold 05/16/25

Unavailable
Bedrooms
Unavailable
Bathrooms
23,064
Square Feet
3.3
Acres

Location

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Payment Calculator

$32,186 per month

30 year fixed, 6.71% Interest

Principal and Interest

$25,889

Property Taxes

$6,297

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 388 State Street

Property Details
  • MLS Type: Sale / Commercial / OFFICE BUILDING
Building Information
  • Stories: 1
  • Year Built: 1926
  • Lot Size: 0.11 AC / 4,792 SF

Property History for 388 State Street

DateEvent & SourcePriceAppreciation
Nov 16, 2017

Sold (Public Record)

Public Record #609449464

$5,010,000

+2.3% / yr

Jan 15, 1997

Sold (Public Record)

Public Record #17556857

$3,117,500
DateEvent & SourcePrice
11/16/2017

Sold (Public Record)

Public Record #609449464

$5,010,000

+2.3% / yr

01/15/1997

Sold (Public Record)

Public Record #17556857

$3,117,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 388 State Street

Taxable ValueLand-Additions-Total-
Tax Record2025$75,560 ($6,297 / month)
Home Facts
Total Finished SqFt51,751 SqFtAbove Grade Finished SqFt51,751 SqFtStories1Lot Size4,792 SqFtStyleOffice BuildingYear Built1926Year Renovated1926ZoningCBCountyMARIONAPN589242

Schools near 388 State Street

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Bush Elementary School
PublicK to 5

Leslie Middle School
Public6 to 8

South Salem High School
Public9 to 12

Howard Street Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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a car parked in front of a house
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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 388 State Street, Salem, OR 97301
$5,010,000
51,751
4,792
$4,500,000
216
5,663
8,225
3,485
17,880
9,148
6,912
3,485
5,832
3,920

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: