NOT LISTED FOR SALE

1225 Riverbend Rd NW Salem, OR 97304

West Salem Neighborhood
66 Beds
-- Bath
41,820 Sq Ft
2.5 Acres

Last Sold February 26, 2021

Last sale price $9,500,000 $227 Per Sq Ft

354 Days on Market

Highlights

  • New Construction
  • Cooling System Mounted In Outer Wall Opening
  • Guest Parking
  • Territorial View
  • Landscaped with Trees
  • Board and Batten Siding

About This Home

As of February 2021

Price increase associated with stabilization of these three 3-story apartment buildings on approximately 2-acre lot just off Wallace Rd in desirable West Salem. 48 total units comprised of 1BD/1BA & 2BD/2BA all w/ washer/dryer, kitchen appliances, deck/patio & parking included. Each apartment to contain ductless cooling & cadet heating units. One ADA apartment available w/ 15 more adaptable. Landscaping & common areas include walking trail, play structure & green space. Growing rental market.

Last Listed By

Greg Goodenough

Premiere Property Group, LLC License #201232337 Listed on: 12/02/2019

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,873

Year Built

  • Built in 2020 | New Construction

Lot Details

  • Sloped Lot
  • Landscaped with Trees

Home Design

  • Slab Foundation
  • Composition Roof
  • Board and Batten Siding
  • Lap Siding

Interior Spaces

  • 41,820 Sq Ft Home
  • 3-Story Property
  • Territorial Views
  • Security Lights

Parking

  • Guest Parking
  • Assigned Parking

Schools

  • Brush College Elementary School
  • Straub Middle School
  • West Salem High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • No Heating
  • Electric Water Heater
  • High Speed Internet

Community Details

  • 48 Units

Listing and Financial Details

  • Rent includes cabletv, electricity, ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 241652

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,873

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 2020
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: None
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: BoardBattenSiding,LapSiding
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: Sloped, Trees
  • Disclosures: Exempt
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Assigned, Guest
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,Wireless
  • Security: SecurityLights
  • Cooling: WallUnit
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Brush College
  • High School: West Salem
  • Middle Or Junior School: Straub

Lot Info

  • Zoning: C0
  • Parcel #: 241652

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: CableTV, Electricity, MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 17873.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 48

Range of Values:

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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
02/26/2021 02/26/21 Sold $9,500,000 0.0% $227 / Sq Ft
11/13/2020 11/13/20 Pending -- -- --
09/04/2020 09/04/20 Off Market $9,500,000 -- --
08/31/2020 08/31/20 Price Changed $9,400,000 +5.6% $225 / Sq Ft
04/16/2020 04/16/20 Price Changed $8,900,000 -11.0% $213 / Sq Ft
11/25/2019 11/25/19 For Sale $10,000,000 -- $239 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Greg Goodenough

    Seller's Agent in 2021

    Greg Goodenough

    Premiere Property Group, LLC

    (503) 999-9046

    3 in this area

    26 Total Sales

    Greg Goodenough
    Section Image

  • O

    Buyer's Agent in 2021

    OR and WA Non Rmls

    Non Rmls Broker

    (503) 236-7657

    314 in this area

    23,617 Total Sales

    OR and WA Non Rmls
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19010294

Regional Multiple Listing Service (RMLS)

Oregon Polk County Salem 97304 West Salem

1225 Riverbend Rd NW, Salem, OR

Homes for Sale in Salem, OR

This home is located at 1225 Riverbend Rd NW, Salem, OR 97304 since 02 December 2019. This property was built in 2020. 1225 Riverbend Rd NW is a home located in Polk County with nearby schools including Harritt Elementary School, Walker 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.

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