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2499 Wallace (-2539) Rd NW, Salem, OR 97304
$16,000,000
2499 Wallace (-2539) Rd NW, Salem, OR 97304View this property at 2499 Wallace (-2539) Rd NW, Salem, OR 97304
2499 Wallace (-2539) Rd NWSalemOR97304
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Property Description
Opportunity to purchase & take over the development/completion of 201-unit apartment complex project. Located in expanding community of West Salem. Plans & permits for 3-story multiplex complete w/fitness center, pool & clubhouse, walking trail/green space & on-site management office. Adjacent to neighboring small shopping center, food pods & pavilion. Property will be delivered in current state with approx 65% horizontal completed. West Salem is a reliably expanding community, with 190,963 residents within a five-mile radius and a projected population of 202,097 by 2026.
Full Property Details
Full Property Details for 2499 Wallace (-2539) Rd NW
General
- Price: $16,000,000
- Taxes: $323,000 (projected)
- Status: Active
- Type: Multi-Family
- MLS ID: 816906
- Updated: 5/22/2024
- Added to Site: 17 day(s) ago
Interior
- Flooring: Carpet, Laminate, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 414
Bedrooms
- Total Bedrooms: 399
Location
- County: NORTHWEST SALEM
- Subdivision: Riverbend Apartments Ph 2
School Information
- Elementary School: Harritt
- Middle School: Walker
- High School: West Salem
Heating & Cooling
- Heating Type: Electric
- Heating Fuel: Electric
- Water Heater: Electric
- Water Heaters: 3583666
Utilities
- Sewer: City
- Water: City
Structural Information
- Roof: Composition
- Square Feet: 341,102
- Below Ground: 209,000 Sq. Ft.
- Year Built: 2023
Unit Information
- Units in Building: 201
Unit 1
- Square Feet: 800
- Total Bathrooms: 2
- Bedrooms: 1
Unit 2
- Square Feet: 950
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Square Feet: 1250
- Total Bathrooms: 2.5
- Bedrooms: 3
Unit 4
- Square Feet: 2500
- Level: Fidelity
Unit 5
- Square Feet: 1
Unit 6
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 8
- Lot Size (Sq. Ft.): 1,250
- Frontage Feet: 950
- Lot Description: -
Financial Considerations
- Price Per Sq. Ft.: $46.91
- Price Per Acre: $2,000,000
- Assessment Year: 2023
- Tax Amount: $323,000
- Tax Year: projected
Disclosures and Reports
- Lot Number: -
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Schools
Schools serving 2499 Wallace (-2539) Rd NW
Rating | Name | Grades | Distance |
---|---|---|---|
2112 Linwood St Nw, Salem, OR 97304 | K-5 | 0.4 mi | |
2085 Wilmington Ave Nw, Salem, OR 97304 | K-5 | 0.6 mi | |
2623 Doaks Ferry Rd Nw, Salem, OR 97304 | K-5 | 0.7 mi | |
1920 Wilmington Ave Nw, Salem, OR 97304 | 6-8 | 0.8 mi | |
1075 8th St Nw, Salem, OR 97304 | 6-8 | 1.6 mi | |
999 Locust St Ne B, Salem, OR 97301 | 6-8 | 2.1 mi | |
1776 Titan Dr Nw, Salem, OR 97304 | 9-12 | 1.2 mi | |
595 Chemawa Rd N, Keizer, OR 97303 | 9-12 | 2.6 mi | |
765 14th St Ne, Salem, OR 97301 | 9-12 | 2.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2499 Wallace (-2539) Rd NW
Date
Details
Price
Change
Source
5/15/2024
Listed
$16,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2499 Wallace (-2539) Rd NW
2499 Wallace (-2539) Rd NW, Salem, OR 97304 (MLS# 816906) is a Multi-Family property with 201 units containing 399 bedrooms and 0 full bathrooms. 2499 Wallace (-2539) Rd NW is currently listed for $16,000,000 and was received on May 15, 2024. Want to learn more about 2499 Wallace (-2539) Rd NW? Do you have questions about finding other Multi-Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.