Wallace RD NW 2 & 3 $575,000


    Wallace RD NW 2 & 3 Salem, OR 97304

    • 2.54 Acres
    • Vacant Land
    • Listing# 19289916
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    Views: 10 Days On Market: 120

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    Property Details

    3.4 Acres Zoned RM2. Two tax lots #575143 consisting of 2.54 Acres and #575144 consisting of 0.86 Acres. RM2 Zone allows for multi family development up to 28 units / acre (subject to City of Salem approval). Seller has current plans for 42 units on tax lot #575143. Buyer to complete all due diligence on potential development.

    • General Features
      • Acres 2.54
      • Area Polk Co: West Salem S
      • Bank Owned Y/N No
      • Country US
      • Hoa Y/N No
      • Number Of Lots Total 2
      • Short Sale Y/N No
      • Subdivision Partition 2012-0002
      • Supplement Number 0
      • Tax Amount 3780.63
      • Terms Cash,Conventional
      • Third Party Approval Y/N No
      • Utilities None
      • View Y/N No
      • Zoning RM2
    • Building Features
      • Existing Structures Y/N No
      • Unit Number 2 & 3
    • Room Features
      • Legal Description PARTITION PLAT 2012-0002 PARCEL 2
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Size 1 to 2.99 Acres
      • Property Category Land
      • Property Type Multi-Family
      • Topography Sloped
    • Schools
      • Elementary School Brush College
      • High School West Salem
      • Middle School Straub



    97304 (Salem) Demographics

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

    Market Last 30 Days In This Postal Code

    $355,000 Median Sales Price
    21 Homes Sold
    69 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $575,000
        12/12/2019 10:06:24 AM Price Reduced Source New Value: $575,000 -17.86%
        10/24/2019 10:52:00 AM New in Database Source New Value: $700,000

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