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$395,000
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Property 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 living.
Full Property Details
Full Property Details for 1355 Wallace Rd NW
General
- Sold For: $395,000
- Taxes: $4,568 (2025)
- Status: Closed
- Type: Single Family
- Source: WVMLS
- MLS ID: 839309
- Added to Site: 95 day(s) ago
Interior
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Parking
- Garage Description: Attached
Location
- County: NORTHWEST SALEM
- Driving Directions: South on Wallace to driveway. A median blocks Northbound traffic turn at the driveway.
School Information
- Elementary School: Harritt
- Middle School: Walker
- High School: West Salem
Heating & Cooling
- Heating/Cooling: Electric, Central AC, Forced Air
- Water Heater: Electric
Utilities
- Sewer: Yes
- Water: City, Connected
Structural Information
- Roof: Composition
- Square Feet: 1,661
- Year Built: 1956
Lot Features
- Lot Size (Acres): 0.45
- Lot Size (Sq. Ft.): 19,784
- Zoning: RS
- Lot Description: 1000
Financial Considerations
- Price Per Sq. Ft.: $237.81
- Assessment Year: 1956
- Tax Amount: $4,568
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 1000
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Schools
Schools serving 1355 Wallace Rd NW
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Harritt Elementary School 2112 Linwood Street Northwest, Salem, OR 97304 | PK-5 | 0.8 mi |
Walker Middle School 1075 8th Street Northwest, Salem, OR 97304 | 6-8 | 0.6 mi |
West Salem High School 1776 Titan Drive Northwest, Salem, OR 97304 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1355 Wallace Rd NW
Date
Details
Price
Change
Source
5/27/2026
Sold
$395,000
-3.42%
MLS
4/09/2026
Listed
$409,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1355 Wallace Rd NW, Salem, OR 97304 (MLS# 839309) is a Single Family property that was sold at $395,000 on May 27, 2026. Want to learn more about 1355 Wallace Rd NW? Do you have questions about finding other Single Family real estate for sale in Croisan-Illahe? You can browse all Croisan-Illahe real estate or contact a Coldwell Banker agent to request more information.

