NW Wallace RD, Salem, OR 97304 | MLS #468567809 | Berkshire Hathaway HomeServices Northwest Real Estate
  • Office - 503.624.9660
  • Cell - 503.550.8477

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Listing provided courtesy of Norris & Stevens Investment Real Estate Services- MLS# 468567809MLS ProviderContact Information: [email protected]

NW Wallace RDSalem, OR 97304

Vacant Land · 9.12 Acres
$1,975,000 Active

NW Wallace RD Overview

Time on Site:
515 days
Visits:
18

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.

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NW Wallace RD Facts & Features

  • Type Vacant Land
  • Lot 9.12 Acres

Details

General

School Information

  • Elementary School: Harritt
  • Middle Or Junior School: Straub
  • High School: West Salem

Location/Region

  • Country: US
  • County Or Parish: Polk
  • MLS Area Major: 168 - Polk Co: West Salem N

Tax Information

  • Tax Annual Amount: 1521.74
  • Tax Year: 2024

General Information

  • Listing Terms: Call Listing Agent
  • Parcel Number: 565287
  • Property Sub Type: Multi Family
  • Property Type: Land
  • Zoning: RM2

Interior

Exterior

Lot Information

  • Lot Size Acres: 9.12
  • Lot Size Square Feet: 397267.0

General Information

  • Utilities: ElectricityAvailable,NaturalGasAvailable,PublicSewer,WaterAvailable

NW Wallace RD Neighborhood

Community

97304 (Salem) Demographics

41
Median Age
570
Population Density (per sq. mile)
48%
College Educated
$74,583
Estimated Median Income
8,303
Estimated Total Home Owners
4,290
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

NW Wallace RD Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

NW Wallace RD Market Data

Based on the last 30 days in this zip code

$653,953
Average List Price
$274
Average Price per Square Foot
47
Properties Sold
95
Average Days on Market
284
Properties for Sale
Calculations provided by Reliance Network

NW Wallace RD History

Date Event Value Agent
5/14/2026Source: Regional MLS Price Reduction
$1,975,000 -4.8%
4/13/2026Source: Regional MLS Status Change
Active
3/19/2026Source: Regional MLS Status Change
Pending
2/17/2026Source: Regional MLS Status Change
Active
11/10/2025Source: Regional MLS Status Change
Pending
5/1/2025Source: Regional MLS Price Reduction
$2,075,000 -7.8%
1/30/2025Source: Regional MLS Added to Database
January 30, 2025