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.
Pending
$2,075,000
NW Wallace Rd, Salem, OR 97304
--beds
0baths
9.12Acres
Est.:
Unimproved Land, Multi Family
Built in ----
9.12 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 366 days |
- 26 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: November 10, 2025 at 06:11am
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
- Cumulative days on market: 366 days
- Listing terms: Call Listing Agent
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 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
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$10,155/mo
Principal & interest
$8046
Property taxes
$1383
Home insurance
$726
Climate risks
Neighborhood: West Salem
Nearby schools
GreatSchools rating
- 5/10Harritt Elementary SchoolGrades: K-5Distance: 0.8 mi
- 3/10Walker Middle SchoolGrades: 6-8Distance: 0.7 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.
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