Wallace RD NW Salem, OR97304

$425,000
1 to 2.99 Acres
Elementary School: Brush College
Middle School: Straub
High School: West Salem
Zoning: RM2
1206 days on market

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Price per acre$167.3K/ac
Time on market1206 days

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.

{{ compliance-logo }}Listing Provided By SMI Commercial Real Estate LLC

Financial Data

Date Sold2021-04-23
Sold Price$425,000
Original Price$470,000
Current Price$425,000
Property Taxes$3,983

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Home Facts

StatusSold
MLS ID20013014