Sold
Last Sold Price
Wallace Rd, Salem, OR 97304
2.54 acresLot Size

Description

3.4 Acres Zoned RM2. Two tax lots #575143 consisting of 2.54 Acres and #575144 consisting of 0.86 Acres. RM2 Zone allows for multi family development up to 28 units / acre (subject to City of Salem approval). Seller has current plans for 42 units on tax lot #575143. Buyer to complete all due diligence on potential development.3.4 Acres Zoned RM2. Two tax lots #575143 consisting of 2.54 Acres and #575144 consisting of 0.86 Acres. RM2 Zone allows for multi family development up to 28 units / acre (subject to City of Salem approval). Seller has current plans for 42 units on tax lot #575143. Buyer to complete all due diligence on potential development.
  • Listed by: Gabe Johansen • SMI Commercial Real Estate LLC
Listing closed: 04/23/2021 12:00 AM • Source: RMLS, MLS#: 20013014

Location

Listing Courtesy of SMI Commercial Real Estate LLC

Sold By SMI Commercial Real Estate LLC

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Payment Calculator

$2,492 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,160

Property Taxes

$332

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for Wallace Road

Property Details
Building Information
  • Lot Size: 2.54 AC / 110,642 SF
Summary
Location and General Information
  • Area: Polk Co: West Salem S
  • Country: US
  • Directions: Located South of Harritt Street and behind Windsong at Eola.
Taxes and HOA Information
  • CC and R Y/N: No
  • FIRPTA Y/N: No
  • HOA Y/N: No
  • Manufactured Home Allowed Y/N: No
  • Tax Year: 2020
  • Tax Deferral YN: No
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
Property
Lot Information
  • Acres: 2.54
  • Number Of Lots Total: 2
  • Current Use: Raw Land
  • Land Description: Sloped
  • Zoning: RM2
Utilities
  • Utilities: None
Interior and Exterior Features
Exterior Features
  • Existing Structures Y/N: No
Interior Features
  • View Y/N: No

Schools near Wallace Road

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 - 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

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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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 SMI Commercial Real Estate LLC

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: 04/23/2021 03:01 PM