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.
Active
Price cut: $100K (5/14)
$1,975,000
NW Wallace Rd, Salem, OR 97304
--beds
0baths
9.12Acres
Unimproved Land, Multi Family
Built in ----
9.12 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 556 days |
- 70 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
David Keys DavidK@norris-stevens.com,
Norris & Stevens Investment Real Estate Services
Source: RMLS (OR),MLS#: 468567809
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 9.12 Acres
- Features: Acres 7 to 10
Details
- Additional parcels included: 575144
- Parcel number: 565287
- Zoning: RM2
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Annual tax amount: $1,521
- Date on market: 1/30/2025
- Listing terms: Call Listing Agent
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2026 | Price change | $1,975,000-4.8% |
Source:  RMLS (OR) #468567809 Report a problem | ||
| 4/13/2026 | Listed for sale | $2,075,000 |
Source: RMLS (OR) #468567809 Report a problem | ||
| 3/19/2026 | Pending sale | $2,075,000 |
Source: RMLS (OR) #468567809 Report a problem | ||
| 2/17/2026 | Listed for sale | $2,075,000 |
Source: RMLS (OR) #468567809 Report a problem | ||
| 11/10/2025 | Pending sale | $2,075,000 |
Source: RMLS (OR) #468567809 Report a problem | ||
| 9/9/2025 | Listed for sale | $2,075,000 |
Source: RMLS (OR) #468567809 Report a problem | ||
| 7/21/2025 | Listing removed | $2,075,000 |
Source: RMLS (OR) #468567809 Report a problem | ||
| 5/1/2025 | Price change | $2,075,000-7.8% |
Source: RMLS (OR) #468567809 Report a problem | ||
| 1/30/2025 | Listed for sale | $2,250,000 |
Source: RMLS (OR) #468567809 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: West Salem
Nearby schools
GreatSchools rating
- 5/10Harritt Elementary SchoolGrades: K-5Distance: 0.7 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: Straub
- High: West Salem
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $348,1003 bd2 ba1.6k sqft1445 Wallace Rd NW, Salem, OR 97304Off Market
- $308,0003 bd1 ba1.3k sqft655 Tulip Ln NW, Salem, OR 97304Off Market
- $494,2003 bd2 ba2k sqft1365 Wallace Rd NW, Salem, OR 97304Off Market
- $450,0003 bd3 ba1.8k sqft1465 Wallace Rd NW, Salem, OR 97304Sold
- $427,4003 bd2 ba1.9k sqft1447 Narcissus Ct NW, Salem, OR 97304Off Market
- $467,3002 bd2 ba1.7k sqft695 Tulip Ln NW, Salem, OR 97304Off Market
- $295,2003 bd2 ba1.4k sqft1448 Narcissus Ct NW, Salem, OR 97304Off Market
- $117,710-- bd-- ba-- sqft1448 Narcissus Ct NW, Salem, OR 97304Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
Similar homes
- $1,995,0008.27 acres11931 SE Hood View Rd, Amity, OR 97101Active
MLS ID #374685765, Matthew Tackett, Premiere Property Group, LLC. RMLS (OR) - $2,900,0004.51 acres4850 Macleay Rd SE, Salem, OR 97317Lot/Land
MLS ID #844031, DAVID SCHACHER, Coldwell Bnkr/Commercial Div. WVMLS - $1,200,0007.88 acres6020 State St SE, Salem, OR 97317Lot/Land
MLS ID #842845, EARL KIRK, Silverado Properties Llc. WVMLS - $1,200,0006.94 acres2557 Hummingbird St NE, Salem, OR 97301Active
MLS ID #641764639, Allie Saunders, Havenrose Real Estate. RMLS (OR) - $1,395,00021.31 acres4493 Dahlia Way NW, Salem, OR 97304Lot/LandMLS ID #841792, KIMBERLY & TODD GRAY, Homestar Brokers. WVMLS
- $1,000,0007.06 acres2 & 3 Mountain St SE, Salem, OR 97302Lot/LandMLS ID #841004, GEORGE GRABENHORST, Capacity Commerical Group Llc. WVMLS
- $1,150,00012.25 acres0 Huff Dr, Coquille, OR 97423Lot/LandMLS ID #837843, DAVID SCHIEDLER, Silverado Properties Llc. WVMLS
- $1,150,00012.25 acres0 Huff Dr, Gervais, OR 97026ActiveMLS ID #297999879, David Schiedler, Silverado Properties LLC. RMLS (OR)
- $2,600,00010 acres8575 Hoffman Rd, Independence, OR 97351Lot/LandMLS ID #830112, BRETT VEATCH, Berkshire Hathaway Homeservices Northwest Real Estate. WVMLS
- $1,199,00015.22 acres1848 Cochrane Ln, Dallas, OR 97338Lot/LandMLS ID #844152, JAMES HAUGE, Legacy Real Estate. WVMLS
- $1,300,0003.09 acres3650 Mainline Dr NE, Salem, OR 97301Lot/LandMLS ID #807787, SHANE SCHUSTER, Exp Realty, Llc. WVMLS
- $1,120,00056 acres0 Smithfield Rd, Dallas, OR 97338Lot/Land
MLS ID #220208725, Paul J Terjeson, Keller Williams Realty Mid-Willamette. Oregon Datashare - $2,195,00025 acres53 SE Franquette Dr, Amity, OR 97101ActiveMLS ID #24087691, Jennifer Nash, Cascade Hasson Sotheby's International Realty. RMLS (OR)
- $1,350,00052.59 acres2678 Drift Creek Rd NE, Silverton, OR 97381Lot/LandMLS ID #832118, GREG MESSICK, Realtynet. WVMLS
- $1,790,000122.67 acres0 Bear Ln SE, Turner, OR 97392Lot/LandMLS ID #220195654, Paul J Terjeson, Keller Williams Realty Mid-Willamette. Oregon Datashare
- $1,100,00011.62 acres9008 Parr Rd NE, Woodburn, OR 97071ActiveMLS ID #381910810, Matthew Andrews, MORE Realty. RMLS (OR)
- $2,800,00060.83 acresS Pacific Hwy W #1100, Monmouth, OR 97361ActiveMLS ID #24617884, Amy Pendley, Agri-Business Real Estate Services. RMLS (OR)
- $1,350,0000.93 acres6255 McLeod Ln NE, Keizer, OR 97303Lot/LandMLS ID #844044, MARK FARROW, Homesmart Realty Group. WVMLS
- $1,700,000440.83 acresSilver Creek Cyn #R38780, Silverton, OR 97381Lot/LandMLS ID #779326, ARNIE AMSDEN, Amsden Realty Llc. WVMLS
- $1,200,000122.09 acres16595 Beck Rd, Dallas, OR 97338ActiveMLS ID #382544698, Kelly Hagglund, The Kelly Group Real Estate. RMLS (OR)
