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.
Sold for $395,000
Listed by: Paramount Real Estate Services
Bought with: Homesmart Realty Group
$395,000
1355 Wallace Rd NW, Salem, OR 97304
3beds
1,661sqft
Single Family Residence
Built in 1956
0.45 Acres Lot
$395,100 Zestimate®
$238/sqft
$2,503 Estimated rent
Home value
$395,100
$375,000 - $415,000
$2,503/mo
Zestimate® history
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$2,380/mo
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List your homeWhat's special
Single level homeSeparate adu
Zillow last checked:
Listing updated:
Listed by:
BRIAN AND NINA WHITE Direc:503-851-1645,
Paramount Real Estate Services
Bought with:
BRIDGET WELBORN
Homesmart Realty Group
Source: WVMLS,MLS#: 839309
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Main
Dining room
- Features: Area (Combination)
- Level: Main
Family room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Range, Electric Water Heater
- Laundry: Main Level
Features
- Flooring: Carpet, Laminate
- Has fireplace: Yes
- Fireplace features: Family Room, Living Room, Wood Burning
Interior area
- Total structure area: 1,661
- Total interior livable area: 1,661 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.45 Acres
- Features: Irregular Lot, Landscaped
Details
- Additional structures: See Remarks, RV/Boat Storage
- Parcel number: 244062
- Zoning: RS
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Electric: 1/Main
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Connected
Community & neighborhood
Location
- Region: Salem
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $395K - $395K
- Listing terms: Cash,ODVA,Conventional,Rehab Loan
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2026 | Sold | $395,000-3.4%$238/sqft |
Source:  WVMLS #839309 Report a problem | ||
| 4/27/2026 | Pending sale | $409,000$246/sqft |
Source:  RMLS (OR) #774225357 Report a problem | ||
| 4/27/2026 | Contingent | $409,000$246/sqft |
Source: WVMLS #839309 Report a problem | ||
| 4/10/2026 | Listed for sale | $409,000+147.9%$246/sqft |
Source: WVMLS #839309 Report a problem | ||
| 11/16/2004 | Sold | $165,000$99/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,231 +3% | $224,500 +3% |
| 2023 | $4,108 +3.3% | $217,970 +3% |
| 2022 | $3,977 +2.9% | $211,630 +3% |
| 2021 | $3,863 +3.1% | $205,470 +3% |
| 2020 | $3,749 +3.6% | $199,490 +3% |
| 2019 | $3,618 | $193,680 +3% |
| 2018 | $3,618 +1.7% | $188,040 +3% |
| 2017 | $3,558 +11% | $182,570 +3% |
| 2016 | $3,206 +2.4% | $177,260 +3% |
| 2015 | $3,130 -0.3% | $172,100 +3% |
| 2014 | $3,141 +13.2% | $167,090 +8.7% |
| 2013 | $2,773 -7.2% | $153,700 -5.8% |
| 2012 | $2,987 +4.5% | $163,200 +3% |
| 2011 | $2,858 +4.4% | $158,450 +3% |
| 2010 | $2,738 +1.4% | $153,840 +3% |
| 2009 | $2,700 +6% | $149,360 +3% |
| 2008 | $2,546 +2.5% | $145,010 +3% |
| 2007 | $2,484 +4.1% | $140,790 +3% |
| 2006 | $2,387 +1.8% | $136,690 +3% |
| 2005 | $2,344 -0.8% | $132,710 +3% |
| 2004 | $2,362 +7.7% | $128,850 +6.1% |
| 2002 | $2,193 +3% | $121,460 +3% |
| 2001 | $2,129 +2.7% | $117,930 +3% |
| 2000 | $2,073 | $114,500 |
Find assessor info on the county website
Neighborhood: West Salem
Nearby schools
GreatSchools rating
- 5/10Harritt Elementary SchoolGrades: K-5Distance: 0.8 mi
- 4/10Walker Middle SchoolGrades: 6-8Distance: 0.6 mi
- 6/10West Salem High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Harritt
- Middle: Walker
- High: West Salem
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$395,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$395,100
- Oregon
- Polk County
- Salem
- 97304
- West Salem
- 1355 Wallace Rd NW
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