$2,250,000

0 Wallace Rd NW Unit 468567809 Salem, OR 97304

West Salem Neighborhood

Estimated payment $12,686/month

Total Views 2,716
9 Acres
$246,711 Price per Acre
397,267 Sq Ft Lot

Highlights

  • 9.12 Acre Lot
  • No HOA
  • No Heating

About This Lot

This offering presents a prime 1.82 and 7.30-acre parcel of Residential Medium Density (RM2) zoned land located in the rapidly growing West Salem neighborhood, directly adjacent to the highly anticipated Marine Drive corridor. With proximity to major transportation routes, expanding infrastructure, and a thriving local community, this site offers significant potential for multifamily development in one of the most promising areas of Salem,Oregon.

Listing Agent

David Keys

Norris & Stevens Investment Real Estate Services Brokerage Email: DavidK@norris-stevens.com License #820600052

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,522

Lot Details

  • 9.12 Acre Lot
  • Property is zoned RM2

Schools

  • Harritt Elementary School
  • Straub Middle School
  • West Salem High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 565287

Property Details

Property Type

Land

Est. Annual Taxes

$1,522

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Land
  • Property Sub Type: MultiFamily
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Lot Size Range: Acres7to10

Exterior Features

  • Lot Size: 7 to 9.99 Acres
  • View: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Utilities: ElectricityAvailable, NaturalGasAvailable, PublicSewer, WaterAvailable
  • Cooling Y N: No
  • Heating Yn: No

Association/Amenities

  • Existing Structures: No

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Harritt
  • High School: West Salem
  • Middle Or Junior School: Straub

Lot Info

  • Zoning: RM2
  • Land Lease: No
  • Lot Size Acres: 9.12
  • Lot Size Sq Ft: 397267.0
  • Parcel #: 565287
  • Assessor Parcel Number 2: 575144

Green Features

  • Green Certification: No

Rental Info

  • Availability: Sale

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 1521.74

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2025 01/30/25 For Sale $2,250,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 468567809

Regional Multiple Listing Service (RMLS)

Oregon Polk County Salem 97304 West Salem

0 Wallace Rd NW Unit 468567809, Salem, OR

Homes for Sale in Salem, OR

This home is located at 0 Wallace Rd NW Unit 468567809, Salem, OR 97304 and is currently priced at $2,250,000. 0 Wallace Rd NW Unit 468567809 is a home located in Polk County with nearby schools including Brush College Elementary School, Straub Middle School, and West Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) 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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing Agent
David Keys
Section Image
Norris & Stevens Investment Real Estate Services
(971) 298-3392