1355 Wallace Road Northwest

Sold 5/27/26

Listed by Brian White - Paramount Real Estate Services - P: (503) 851-1645

Last Sold Price

$395,000

3 beds2 baths1,661 sqft$238/sqft

1355 Wallace Rd NW, Salem, OR 97304

Description

DUAL LIVING OPPORTUNITY with separate ADU. This single level home has so much to offer with a huge .45 acre lot with room for additional units. Finished ADU with kitchenette, bathroom & bedroom area offer additional income potential. Property has incredible views to the East mountain ranges & downtown Salem. Looking for an Investment? Buyer to do due diligence on redevelopment opportunities, but could work well for someone wanting affordable living convenient to Salem with room to grow & main level...DUAL LIVING OPPORTUNITY with separate ADU. This single level home has so much to offer with a huge .45 acre lot with room for additional units. Finished ADU with kitchenette, bathroom & bedroom area offer additional income potential. Property has incredible views to the East mountain ranges & downtown Salem. Looking for an Investment? Buyer to do due diligence on redevelopment opportunities, but could work well for someone wanting affordable living convenient to Salem with room to grow & main level living.

LISTING CLOSED: 05/27/2026 12:00 AM

Property Details for 1355 Wallace Road Northwest

Status

Sold

MLS #

774225357

Days on Market

Taxes

$4,568 / year

HOA Fees

Condo/Co-op Fees

Property Type

Single Family

MLS Type

Residential / Single Family Residence

Year Built

1956

Lot Size

0.45 AC / 19,602 SF

County

Polk County

Style

Stories1

Parking Features

RV Access/Parking, Attached

Zoning

View

Mountain

Garage Spaces

2.00

Parking Total

2.00

Get preapproved with Rocket Mortgage¹

Location

Listing Courtesy of Paramount Real Estate Services

Sold By HomeSmart Realty Group

Add your commute

Building Information for 1355 Wallace Road Northwest

Stories1Year Built1956Building Size-Lot Size0.45 AC / 19,602 SF

Payment Calculator

Get preapproved with Rocket Mortgage¹

$2,388 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,008

Property Taxes

$381

HOA Dues

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Property Information for 1355 Wallace Road Northwest

Summary

Location and General Information

Country: US
Directions: South on Wallace to driveway. A median blocks Northbound traffic turn at the driveway.

School Information

Elementary School: Harritt
High School: West Salem

Middle Or Junior School: Walker

Parking

Garage Type: Attached
Attached Garage: Yes

Taxes and HOA

HOA Y/N: No
Tax Year: 2025

Tax Annual Amount: $4,568.00
Parcel Number: 244062
Tax Legal Description: ONE STORY

Virtual Tour

Video Virtual Tour 1 URL: https://midvalleytours.com/l/1355-wallace-rd-nw/

Property

Lot Information

Acres: 0.45
Lot Size Square Feet: 19602.0

Lot Size Range: Sq Ft15000to19999
Lot Size: 15,000 to 19,999 Sq Ft
SqFt Source: County

Property and Assessments

Property Sub Type: Single Family Residence
Property Type: Residential

Water Description: Public Water
Property Condition: Resale
Year Built: 1956

Utilities

Cooling Description: Central Air
Fuel Description: Electricity

Heating Description: Forced Air
Hot Water Description: Electricity
Sewer Description: Public Sewer
Utilities: Water Connected

Interior and Exterior Features

Exterior Features

Exterior Description: Board Batten Siding
Exterior Features: Patio, RVBoat Storage

Roof Type: Composition
Construction Materials: Board & Batten Siding

Interior Features

Foundation Details: Other
Fireplace Description: Wood Burning

Fireplaces Total: 2
Interior Features: Laminate Flooring
SqFt Calculated: 1661
View Y/N: Yes
SqFt Lower Level Total: 0
SqFt Main Level Total: 1661
SqFt Upper Level Total: 0
Bedrooms Total: 3
Stories: 1
Baths Total: 1.1
Cooling: Yes
Heating: Yes

Master Bedroom

Room Description: Primary Bedroom
Primary Bedroom Level: Main

Bedroom 2

Room Description: _2nd Bedroom
Bedroom 2 Level: Main

Bedroom 3

Room Description: _3rd Bedroom
Bedroom 3 Level: Main

Dining Room

Room Description: Dining Room
Dining Room Level: Main

Family Room

Room Description: Family Room
Family Room Level: Main

Kitchen

Room Description: Kitchen
Kitchen Appliances: Dishwasher, Disposal, Free Standing Range

Kitchen Room Level: Main

Living Room

Room Description: Living Room
Living Room Level: Main

Baths

Baths Lower Level Full: 0
Baths Lower Level Partial: 0

Baths Lower Level Total: 0.0
Baths Main Level Full: 1
BathsMainLevelPartial: 1
Baths Main Level Total: 1.1
Bathrooms Full: 1
Bathrooms Half: 1
Baths Partial: 1
Total Bathrooms: 2
Baths Upper Leve lFull: 0
Baths Upper Level Partial: 0
Baths Upper Level Total: 0.0

Condominium

Condominium Information

Condo Total Levels: 1

Multi Family

Multi-Family Information

Security Features: None
SqFt Approximate Building Total: 1661

Property History for 1355 Wallace Road Northwest

Date	Event & Source	Price	Appreciation
Nov 16, 2004	Sold (Public Record) Public Record #159554280	$165,000	—
Nov 5, 2004	Sold (Public Record) Public Record #323329165	$165,000	—

Date	Event & Source	Price
11/16/2004	Sold (Public Record) Public Record #159554280	$165,000
11/05/2004	Sold (Public Record) Public Record #323329165	$165,000

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

Public Records for 1355 Wallace Road Northwest

Taxable ValueLand$63,420Additions$174,740Total$238,160

Tax Record2025$4,568 ($381 / month)

Home Facts

Beds3Baths1.5Total Finished SqFt1,661 SqFtAbove Grade Finished SqFt1,661 SqFtStories1Lot Size19,784 SqFtStyleSingle Family ResidenceYear Built1956Year Renovated1975ZoningRSCountyPOLKAPN244062

Schools near 1355 Wallace Road Northwest

This home is within Salem-Keizer School District 24j.


Rating	School	Type	Grades	Distance
5/10	Harritt Elementary School	Public - Serves this home	K to 5	0.8 mi
4/10	Walker Middle School	Public - Serves this home	6 to 8	0.6 mi
6/10	West Salem High School	Public - Serves this home	9 to 12	1.5 mi
7/10	Jane Goodall Environmental Middle Charter School	Charter - Choice school	6 to 8	1.7 mi
9/10	Howard Street Charter School	Charter - Choice school	6 to 8	1.3 mi
1/10	Roberts High School	Public - Choice school	7 to 12	3.7 mi


Rating	School	Distance
5/10	Harritt Elementary School PublicK to 5 Serves this home	0.8 mi
4/10	Walker Middle School Public6 to 8 Serves this home	0.6 mi
6/10	West Salem High School Public9 to 12 Serves this home	1.5 mi
7/10	Jane Goodall Environmental Middle Charter School Charter6 to 8 Choice school	1.7 mi
9/10	Howard Street Charter School Charter6 to 8 Choice school	1.3 mi
1/10	Roberts High School Public7 to 12 Choice school	3.7 mi

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.

Similar Homes

New listings in 97304

1/48

$1,290,000

5
Bedrooms: 5
Bathrooms: 4,674
Square Feet: 3.9
Acres

4000 Eola Drive Northwest, Salem, OR 97304

1/48

$515,000

3
Bedrooms: 3
Bathrooms: 2,236
Square Feet: 0.27
Acres

1080 Hope Avenue, Salem, OR 97304

$675,000 | 1035 Westfarthing Way Northwest, Salem, OR 97304

1/40

Open: 8/23 11:00AM - 01:00PM

$675,000

5
Bedrooms: 3
Bathrooms: 3,716
Square Feet: 0.25
Acres

1035 Westfarthing Way Northwest, Salem, OR 97304

$575,000 | 3308 Darrin Street Northwest, Salem, OR 97304

1/40

Open: 8/23 12:00PM - 02:00PM

$575,000

3
Bedrooms: 3
Bathrooms: 1,995
Square Feet: 0.23
Acres

3308 Darrin Street Northwest, Salem, OR 97304

$1,125,000 | 7500 Spring Valley Road Northwest, Salem, OR 97304

1/46

Open: 8/23 03:00PM - 05:00PMVirtual Tour

$1,125,000

5
Bedrooms: 2
Bathrooms: 3,240
Square Feet: 6.53
Acres

7500 Spring Valley Road Northwest, Salem, OR 97304

1/33

$319,900

2
Bedrooms: 1
Bathrooms: 920
Square Feet: 0.27
Acres

155 College Drive Northwest, Salem, OR 97304

1/19

$369,000

3
Bedrooms: 2
Bathrooms: 1,587
Square Feet: 0.16
Acres

1005 Glenview Way Northwest, Salem, OR 97304

1/31

$520,000

4
Bedrooms: 2
Bathrooms: 2,522
Square Feet: 0.38
Acres

900 Cascade Drive Northwest, Salem, OR 97304

a front view of a house with a yard and garage

1/47

$529,900

2
Bedrooms: 3
Bathrooms: 2,367
Square Feet: 0.14
Acres

1639 Nut Tree Drive Northwest, Salem, OR 97304

Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 1355 Wallace Road Northwest, Salem, OR 97304	$395,000	3	2	1,661	19,602
1480 Valley View Drive Northwest, Salem, OR 97304	$229,900	3	3	1,590	22,651
690 Tulip Lane Northwest, Salem, OR 97304	$320,000	2	2	1,485	13,068
1460 Valley View Drive Northwest, Salem, OR 97304	$153,000	4	2	1,332	11,326
720 Tulip Lane Northwest, Salem, OR 97304	$138,260	3	1	1,899	10,454
1450 Valley View Drive Northwest, Salem, OR 97304	$150,500	4	2	1,223	6,970
1214 Wallace Road Northwest, Salem, OR 97304	–	–	–	2,500	14,810
695 Orchard Heights Road Northwest, Salem, OR 97304	$17,775,000	–	–	55,539	49,658
655 Tulip Lane Northwest, Salem, OR 97304	–	2	1	1,342	10,454
740 Tulip Lane Northwest, Salem, OR 97304	–	2	1	1,056	13,504
715 Orchard Heights Road Northwest, Salem, OR 97304	$229,900	3	2	1,152	10,454
1440 Valley View Drive Northwest, Salem, OR 97304	$142,000	–	2	1,292	6,534
1420 Valley View Drive Northwest, Salem, OR 97304	–	3	2	1,102	10,019
1447 Narcissus Court Northwest, Salem, OR 97304	$150,000	2	2	1,965	10,019
1445 Wallace Road Northwest, Salem, OR 97304	$1,400	2	2	1,668	10,019
1485 Valley View Drive Northwest, Salem, OR 97304	$235,000	3	2	1,088	10,019

Explore Nearby Homes

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.

Listing Courtesy of Paramount Real Estate Services

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: 05/27/2026 01:55 PM

Know your buying power with a preapproval and custom rate in minutes

Explore Nearby Homes

Homes in Nearby West Salem Neighborhoods

Homes in Nearby West Salem Cities

Homes in Nearby West Salem Zip Codes