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$1,975,000 -$100,000 (-4.82%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 9.12 Acres
  • Updated 5 days ago
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See This Home
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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.

Full Property Details for NW Wallace Rd

General

  • Price: $1,975,000
  • Taxes: $1,521 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 468567809
  • Updated: 5/14/2026
  • Added to Site: 475 day(s) ago

Rental Information

  • Availability: Sale

Location

  • County: Polk
  • Driving Directions: Creek Ct NW

School Information

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

Community

  • Community Name: 168 - Polk Co: West Salem N

Utilities

  • Utility Description: Electricity Available, Natural Gas Available, Public Sewer, Water Available

Structural Information

  • Property Detached: Yes

Lot Features

  • Lot Size (Acres): 9.12
  • Lot Size (Sq. Ft.): 397,267
  • Lot Size: 7 to 9.99 Acres

Financial Considerations

  • Tax Amount: $1,521.74
  • Tax Year: 2024
  • Terms: Call Listing Agent

Disclosures and Reports

  • Legal Description: LOT PARCEL 3
  • Property ID: 565287

Listed by Norris & Stevens Investment Real Estate Services (503) 223-3171, David Keys (503) 223-3171

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Listing agent

— NW Wallace Rd —

  • David Keys

    Norris & Stevens Investment Real Estate Services

    503-223-3171

DavidK@norris-stevens.com

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Price & Sales History for NW Wallace Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/14/2026
Price Reduced
$1,975,000
-4.82%
MLS
5/01/2025
Price Reduced
$2,075,000
-7.78%
MLS
1/30/2025
Listed
$2,250,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Norris & Stevens Investment Real Estate Services (503) 223-3171, David Keys (503) 223-3171

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Nw Wallace Rd, Salem, OR 97304 (MLS# 468567809) is a Multi-Family property with a lot size of 9.12 acres. Nw Wallace Rd is currently listed for $1,975,000 and was received on January 30, 2025. Want to learn more about Nw Wallace Rd? 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.

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