NW Wallace Rd NW

Salem, OR 97304

$2,075,000
Price
397,267 / 9.12
Lot Size / Acres
Pending
Pending

Description

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.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.
  1. Listed by David Keys • Norris & Stevens Investment Real Estate Services • DavidK@norris-stevens.com

Property Details for Northwest Wallace Road Northwest

Zoning
RM2
LISTING UPDATED: 11/10/2025 02:11 PM

Property Details for Northwest Wallace Road Northwest

StatusPending
MLS #468567809
Days on Market284
Taxes$1,522 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Multi Family
Year Built-
Lot Size9.12 AC
CountyPolk County

Location

Listing Courtesy of Norris & Stevens Investment Real Estate Services
Add your commute

Building Information for Northwest Wallace Road Northwest

Building Size-Lot Size9.12 AC

Payment Calculator

$10,240 per month

30 year fixed, 6.15% Interest

Principal and Interest

$10,113

Property Taxes

$127

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Northwest Wallace Road Northwest

Summary
Location and General Information
  • Country: US
  • Directions: Creek Ct NW
School Information
  • Elementary School: Harritt
  • High School: West Salem
  • Middle Or Junior School: Straub
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $1,521.74
  • Parcel Number: 565287
  • Parcel Number 2: 575144
  • Tax Legal Description: LOT PARCEL 3
Property
Lot Information
  • Acres: 9.12
  • Lot Size Square Feet: 397267.0
  • Lot Size Range: Acres7to10
  • Lot Size: 7 to 9.99 Acres
Property and Assessments
  • Property Sub Type: Multi Family
  • Property Type: Land
Utilities
  • Utilities: Electricity Available, Natural Gas Available, Public Sewer, Water Available

Schools near Northwest Wallace Road Northwest

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Harritt Elementary School
Public - K to 5
Walker Middle School
Public - 6 to 8
West Salem High School
Public - 9 to 12
Jane Goodall Environmental Middle Charter School
Charter - 6 to 8
Rating
School
Distance
Harritt Elementary School
PublicK to 5

Walker Middle School
Public6 to 8

West Salem High School
Public9 to 12

Jane Goodall Environmental Middle Charter School
Charter6 to 8

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.

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Listing Courtesy of Norris & Stevens Investment Real Estate Services

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