1225 Riverbend Rd NW $10,000,000


    1225 Riverbend Rd NW Salem, OR 97304

    • 66 Beds
    • 66 Baths
    • 41,820 sq.ft.
    • Multi-Family
    MLS# 754963 | Active
    Days On Market: 31 5 Views
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    Property Details

    New construction to be completed by Spring of 2020! Three 3-story apartment buildings on an approximately 2.5-acre lot just off Wallace Rd in desirable West Salem. 48 total units comprised of 1BD/1BA & 2BD/2BA all w/ washer/dryer, kitchen appliances, deck/patio & parking included. Each apartment to contain ductless cooling & cadet heating units. One ADA apartment available w/ 4 more adaptable. Landscaping & common areas include walking trail, play structure & green space. Growing market with rising rents.

    • General Features
      • Property Use Type Investment
      • Status Note ACTIVE
      • Suitable For Garden/Low-Rise
      • Type Multi- (5+)
      • Home Warranty No
      • Dual Living No
      • Handicap Amenities Yes (Refer to Remarks)
      • Cross Street Wallace Rd
      • County Polk
      • Year Built 2020
    • Building Features
      • Dining Area (Combination)
      • Laundry W/D Included
      • Fenced Yard Partial
      • Flooring Carpet, Laminate, Vinyl
      • Dishwasher Yes
      • Disposal Yes
      • Approx Total Sq Ft 41,820
      • Bonus Rooms Breakfast Room/Nook
      • Siding Style Lap, Board and Batt
      • Water Heater Electric
      • Siding Fiber Cement
      • Roof Metal or Aluminum
      • Total Baths 66
      • Total Beds 66
      • Unit 1 Baths 12
      • Unit 1 Bedrooms 12
      • Unit 2 Baths 36
      • Unit 2 Bedrooms 36
      • Unit 3 Baths 18
      • Unit 3 Bedrooms 18
      • Patio Covered Deck, Covered Patio
      • Number of Units 48
      • Refrigerator Refrigerator Included
      • High Speed Communication Access Present, Available
      • Heating Electric, Other (Refer to Remarks)
      • Foundation Slab
    • Property Features
      • Acres 2.5
      • New Construction Yes
      • Landscape Irrigation System, Yes
      • Flood Plain No
      • Water City
      • View Territorial
      • Sewer City
      • Range Facility Electric, Microwave Included
    • Schools
      • Elementary School Brush College
      • Middle School Straub
      • High School West Salem



    97304 (Salem) Demographics

    39Median Age
    552Population Density (per sq. mile)
    44%College Educated
    $61,352 Estimated Median Income
    7,421Estimated Total Home Owners
    3,959Estimated Total Renters
    65% / 35%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    30,795Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $341,200 Median Sales Price
    19 Homes Sold
    106 New On Market

    Average Days on Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $10,000,000
        9/12/2019 8:54:00 PM New in Database Source

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        The data relating to real estate for sale on this website come in part from the Broker reciprocity program of the WVMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Real estate listings held by other than Berkshire Hathaway HomeServices Northwest Real Estate are marked with the Broker reciprocity logo and detailed information about these properties includes the names of the listing brokers. Listing data is copyright of 2019 WVMLS. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.