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Property view

NW Wallace Rd, 
Salem, OR 97304

$1,975,000

—

Bed

—

Bath

-

Sq Ft

9.12

Acres (Lot)

Land

Active

Listed by

David Keys

Norris & Stevens Investment Real Estate Services

503-223-3171

Last updated:

May 14, 2026, 11:21 PM

MLS#

468567809

Source:

PORTLAND

About This Land

NW Wallace Rd

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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

9.12

MLS #:

468567809

Last Updated:

May 14, 2026, 11:21 PM

Added:

a year ago

Finances & Disclosures

Finances

Price:

$1,975,000

MLS Logo
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Coldwell Banker Valley Brokers are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: May 14, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.