Active
7 beds1,852 sqft

5454 Wallace Rd NW, Salem, OR 97304

Est: $6,060/moGet pre-approved
Single FamilyProperty Type
10 acresLot Size
1937Year Built
$594/sq ftPrice per sq ft

Description

10 Acre Waterfront Property :) with Two Homes! A unique opportunity for the right buyer and BONUS seller financing available! Hobby Farm, Multigenerational Living, Riverfront Retreat, Agricultural Business or Investment Income. So many possibilities on this special property! Whatever you choose, enjoy the peace and quiet of your own riverfront escape while watching the Willamette River flow by. Welcome Home!10 Acre Waterfront Property :) with Two Homes! A unique opportunity for the right buyer and BONUS seller financing available! Hobby Farm, Multigenerational Living, Riverfront Retreat, Agricultural Business or Investment Income. So many possibilities on this special property! Whatever you choose, enjoy the peace and quiet of your own riverfront escape while watching the Willamette River flow by. Welcome Home!
46 days on Market
  • Listed by: JOSE GONZALEZ 503.851.6582 josegonzalez29@aim.com Brokerage DRE #940900040 • TU CASA CORPORATION
Last updated: 09/15/2026 10:46 AM • Source: Willamette Valley MLS, MLS#: 844859
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Location

Listing Courtesy of TU CASA CORPORATION
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Payment Calculator

$6,060 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,872

Property Taxes

$188

HOA Dues

$0

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Property Information for 5454 Wallace Road Northwest

Property Details

  • Taxes: $2,255 / year
  • MLS Type: Residential / Single Family Residence
  • County: Polk County
  • Architectural Style: 1.5 Story
  • Has View: Yes
  • View: Water
  • Zoning: EFU
  • Zoning Description: EFU

Building Information

  • Year Built: 1937
  • Lot Size: 10.00 AC / 435,600 SF

Summary

Location and General Information
  • Carrier Route: R001
  • Directions: North on Wallace, the driveway is not super visible, slow down as you approach and you will see my sign
  • Latitude: 45.013103
  • Longitude: -123.07927
  • Senior Community: No
Taxes and HOA
  • Association: No
  • Tax Annual Amount: $2,255.00
  • Tax Lot: M&B
  • Tax Year: 2025
School Information
  • Elementary School: Brush College
  • High School: West Salem
  • Middle Or Junior School: Straub
Parking
  • Parking Features: Carport

Property

Lot Information
  • Lot Size Acres: 10.0
Property and Assessments
  • Living Area: 1852.0
  • Possible Use: Agricultural
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1937
Building Features
  • Other Structures: Barn(s)
Utilities
  • Sewer: Septic Tank
  • Water Source: Well

Interior and Exterior Features

Interior Features
  • Appliances: Water Heater, Electric Water Heater
  • Basement: Full
  • Has Basement: Yes
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Has Spa: No
  • Water Heater: Electric

Property History for 5454 Wallace Road Northwest

DateEvent & SourcePriceAppreciation
Aug 21, 2026

Listed (Active)

Willamette Valley MLS #844859

$1,100,000—
Jun 30, 2023

Sold

RMLS #22633359

$715,000—
Jun 20, 2023

Sold

Willamette Valley MLS #797480

$718,750—
DateEvent & SourcePrice
08/21/2026

Listed (Active)

Willamette Valley MLS #844859

$1,100,000
06/30/2023

Sold

RMLS #22633359

$715,000
06/20/2023

Sold

Willamette Valley MLS #797480

$718,750

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

Public Records for 5454 Wallace Road Northwest

Taxable Value

Land

$31,650

Additions

$145,950
Total$177,600

Tax Record

2025

$1,956 ($163 / month)

Home Facts

Beds

6

Baths

2

Total Finished SqFt

3,628 SqFt

Above Grade Finished SqFt

3,100 SqFt

Finished Basement SqFt

528 SqFt

Unfinished Basement SqFt

720 SqFt

Stories

1

Lot Size

43,560 SqFt

Style

Single Family Residence

Year Built

1937

Year Renovated

1937

Zoning

EFU

County

POLK

APN

265890

Schools near 5454 Wallace Road Northwest

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 - 1 to 5
Rating
School
Distance
Brush College Elementary School
PublicK to 5

Straub Middle School
Public6 to 8

West Salem High School
Public9 to 12

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

5454 Wallace Road Northwest is a single family home for sale in Salem, OR 97304. This property was listed for sale on August 21, 2026 by TU CASA CORPORATION, it's currently listed at $1,100,000. It has been on the market for a total of 46 days and was last sold on June 30, 2023. This listing's school district is Salem-Keizer School District 24j. Nearby schools include Brush College Elementary School, Straub Middle School and West Salem High School. 5454 Wallace Road Northwest is a 7-bed, 3-bath, 1,852 sqft single family home built in 1937.

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 TU CASA CORPORATION

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS IDX provided by Gregg Lane, Coldwell Banker Bain.