$2,075,000
PENDING $175K PRICE DROP

0 Wallace Rd NW Unit 468567809 Salem, OR 97304

West Salem Neighborhood

Estimated payment $11,031/month

Total Views 6,086
9.12 Acres
$227,522 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 Listed on: 01/30/2025

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: Pending
  • MLS Status: Pending
  • Property Type: Land
  • Property Sub Type: MultiFamily
  • Property Attached Yn: No
  • Current Price For Status: 2075000.0
  • 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

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:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
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List 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 List to Sale Price per Sq Ft
11/10/2025 11/10/25 Pending -- -- --
09/09/2025 09/09/25 For Sale $2,075,000 0.0% --
07/21/2025 07/21/25 Off Market $2,075,000 -- --
05/01/2025 05/01/25 Price Changed $2,075,000 -7.8% --
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

Pending

Lots

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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.

Nearby Homes
Listing Agent
David Keys
Section Image
Norris & Stevens Investment Real Estate Services
(503) 966-4137