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Listing provided courtesy of Norris & Stevens Investment Real Estate ServicesMLS# 468567809MLS ProviderContact Information: [email protected]
  • 515 days on site
  • 18 views

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.

Source: Regional MLS, MLS#: 468567809

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  • Property Type
    Land
  • Lot
    9.12 acres

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  • Median Age
    41
  • Population Density
    570
  • College Educated
    48%
  • Estimated Median Income
    $74,583
  • Estimated Total Home Owners
    8,303
  • Estimated Total Renters
    4,290
  • Owner / Renter Divide
    66% / 34%
  • Estimated Average Household Size
    3
  • Total Population
    32,435
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at NW Wallace RD

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/14/2026Source: Regional MLS Price Reduction
$1,975,000 -4.8%
4/13/2026Source: Regional MLS Status Change
Active
3/19/2026Source: Regional MLS Status Change
Pending
2/17/2026Source: Regional MLS Status Change
Active
11/10/2025Source: Regional MLS Status Change
Pending
5/1/2025Source: Regional MLS Price Reduction
$2,075,000 -7.8%
1/30/2025Source: Regional MLS Added to Database
January 30, 2025