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$5,000,000

1990 Wallace Rd NW Salem, OR 97304

12.4 acres
Land

Property details

About 1990 Wallace Rd NW

Developent opportunity. Sale includes Polk county tax IDs 314820, 314846, 354776. Marine drive will split parels 314820 and 314864. West sides of parcels offer portential for multiple development uses- east sides are outside the urban growth boundary and partially in the flood plane. Parcel 354776 is paved access off Wallace Rd. Two existing wells and Existing barn on property.

Highlights

Home typeMixed Use
StatusActive
Lot size12.36 Acres
MLS #23414635
WaterfrontRiver Front
ViewTerritorial

Summary

  • Attached Garage: No
  • Waterfront: River Front
  • View: Territorial
  • List Price: $5,000,000
  • Annual Tax Amount: $71
  • Tax Year: 2023
  • Directions: Lynda Ln
  • Lot Size: 12.36 Acres
  • MLS Number: 23414635
  • MLS Name: Regional Multiple Listing Service, Inc.
  • Office Name: Real Broker
  • Office Email: christinefolzre@gmail.com
  • Listing Agent: Christine Folz

IDXThe 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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/17/2025, 3:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$322,639$71
2022$313,249$69
2021$304,554$69
2020$295,692$67
2019$5,325$63
2018$5,170$62
2017$5,020$54

History based on county public records data.

Nearby schools

4

Harritt Elementary School

Public District PK-5

0.6 mi

2112 Linwood St NW

1

Highland Elementary School

Public District PK-5

1.1 mi

530 Highland Ave NE

6

Kalapuya Elementary School

Public District KG-5

1.2 mi

2085 Wilmington Ave NW

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $41,143. Typical income of Salem, OR residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

41%
<35k
48%
35k-100k
11%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

61%
Single, No Kids
16%
Single, with Kids
11%
Married, No Kids
12%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
7%
12-17 yrs old
39%
18-34 yrs old
26%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • NBA/WNBANBA/WNBA
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • Banana RepublicBanana Republic
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • SonicSonic
  • PopeyesPopeyes

What do the neighbors drive?

  • PontiacPontiac
  • InfinitiInfiniti
  • DodgeDodge

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • JazzJazz
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Salem, OR

Salem features a practical transport infrastructure, with a network of roads and highways that facilitate travel and commuting. Public transit options are available, providing residents with alternatives to private vehicle use. The city's walkability varies by area, with certain neighborhoods offering more pedestrian-friendly environments. Bike paths and lanes are also part of the city's commitment to sustainable transport.

The community is served by a robust educational system, including a range of public and private schools that cater to various educational needs. Healthcare services are comprehensive, with several hospitals providing emergency, primary, and specialized care. Public libraries are well-distributed, supporting the community's educational pursuits. Retail and dining options are plentiful, showcasing local flavors and contributing to Salem's unique cultural landscape.

Salem prides itself on a vibrant community spirit, underscored by events such as the annual Oregon State Fair and numerous cultural festivals that reflect the city's rich heritage. The city's character is further defined by its scenic parks and commitment to preserving its historical roots, offering residents a blend of urban amenities and quaint, small-town charm.

Salem's housing market offers a diverse array of options, with single-family homes being a significant presence, reflecting a mix of architectural styles from classic bungalows to contemporary designs. The market also includes a selection of apartments and townhouses, accommodating various preferences and lifestyles. The majority of homes were constructed in the latter half of the 20th century, with a homeownership rate that underscores a stable residential community.

About 1990 Wallace Rd NW

The listing price of 1990 Wallace Rd NW property is $5,000,000.

The property 1990 Wallace Rd NW is land located in Salem, Oregon, 97304.

Active Listing: 1990 Wallace Rd NW is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 1990 Wallace Rd NW are: Harritt Elementary School (GreatSchools Rating 4/10), Highland Elementary School (GreatSchools Rating 1/10), Kalapuya Elementary School (GreatSchools Rating 6/10), Walker Middle School (GreatSchools Rating 4/10), Straub Middle School (GreatSchools Rating 4/10), Jane Goodall Environmental Middle Charter School (GreatSchools Rating 7/10), West Salem High School (GreatSchools Rating 8/10), North Salem High School (GreatSchools Rating 4/10), McNary High School (GreatSchools Rating 9/10).

According to the records, the last property tax for 2023 is $71 (source: MLS/based on county public records data).

The property 1990 Wallace Rd NW is 12.36 acres.

This home is located at 1990 Wallace Rd NW in Salem, OR and zip code 97304. Features: 0 bathroom. It has been listed on Rocket Homes since November 9, 2023 and is currently priced at $5,000,000.

Salem, OR housing market in June 2025 saw over 27 listings sold above listed price, more than 15 sold at listed price and over 26 sold below. Between May and June 2025, Salem, OR real estate market has seen increase in the number of listings by 1.8%. While the average time on the market in June 2025 was 45 days, the median list price was $439,300.

From Rocket Homes Real Estate and based on county public records data.

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