Salem Land Development
For Sale
$5,000,000
1990 Wallace Rd NW, Salem, OR 97304
Land, Salem, OR
Property SizeContact for details
Lot Size12.36 Acres
Days on Market1017
Property Features for 1990 Wallace Rd NW
General Information
Property type
Land
Property subtype
Other
Zoning
SR/EFU
View
Territorial
Elementary school
Harritt
Middle school
Walker
High school
West Salem
Directions
Lynda Ln
Subdivision
_168
Standard status
Active
APN
314820,314846
Lot size
12.36 Acres
Taxes and HOA fees
Tax Description
731500 501
Tax Annual Amount
147
Legal Description
731500 501
Utilities
Water front features
River Front
Water front
1
Listing Agency:
Real Broker
(503) 360-1640
Listed By:
Christine Folz · License #201204657
(503) 949-3087
Added: Nov 9, 2023
Changed: Aug 20
Last Checked: Aug 22 at 4:06PM
MLS# 23414635
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents a development opportunity in Salem, Oregon. The sale includes Polk County tax IDs 314820, 314846, and 354776. Marine Drive will divide parcels 314820 and 314864. The west sides of the parcels offer potential for multiple development uses. The east sides are outside the urban growth boundary and partially in the flood plane. Parcel 354776 features paved access off Wallace Road. The property includes two existing wells and an existing barn. The lot size is 12.36 acres and is zoned SR/EFU.
Key Highlights
- Development opportunity with multiple tax IDs included.
- River Front property.**
- Potential for multiple development uses on the west sides of parcels.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 97304, OR
34,102
Population
14,547
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
56.8 sq mi
ZIP Area
600
Density / Sq Mi
$91,731
Median Household Income
$53,370
Median Earnings
$1,441
Median Rent
$469,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Large land parcel in Salem, Oregon with development potential.
Where is this land located?
The property is located at 1990 Wallace Rd NW Salem, OR.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Development opportunity with multiple tax IDs included.; River Front property.**; Potential for multiple development uses on the west sides of parcels.
