Address
Wallace RD NW 2 & 3 Salem, OR
Price
$ 499,900
Property Attributes
  • MLS#19289916
  • TypeLand
  • CountyPOLK
  • CitySalem
  • AreaPolk Co - West Salem S
  • NeighborhoodPartition 2012-0002
  • Zip97304
  • StyleMulti Family
  • Taxes3780
  • Price$ 499,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.54 Acres
Listing Provided Courtesy Of:
SMI Commercial Real Estate LLC
Property Description

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.

Elementary School Middle School High School
Brush College Elementary School Straub Middle School West Salem High School
Price History
10/24/2019 Listed $700,000
12/12/2019 18% - $575,000
3/18/2020 14% - $499,900

General Features

Association Y/N No
Current Use Raw Land
MLS Area Polk Co: West Salem S
Property SubType Multi Family
Property Type Multi Family
Subdivision Name Partition 2012-0002
Terms Cash, Conventional
Unit Number 2 & 3
Video Tour Y/N No
Zoning RM2

Interior Features

Utilities None

Exterior Features

Existingstructuresyn No
Lot Size 1 to 2.99 Acres
Lot Size Acres 2.54
Number of Lots 2
View Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 97304

Price
AVG $380K
$500K
Taxes
AVG $1,463
$3,780
Visits
AVG 23
50

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