Courtesy of REAL BROKER, CHRISTINE FOLZ, Agent: 503-949-3087 

Active

2499 Wallace (-2539) Rd

Salem OR, 97304

$16,000,000


$46.91 per sqft

Active

399 Beds

414 Baths

341,102 sqft

Multi-family

Built in 2023

Opportunity to purchase & take over the development/completion of 201-unit apartment complex project. Located in expanding community of West Salem. Plans & permits for 3-story multiplex complete w/fitness center, pool & clubhouse, walking trail/green space & on-site management office. Adjacent to neighboring small shopping center, food pods & pavilion. Property will be delivered in current state with approx 65% horizontal completed. West Salem is a reliably expanding community, with 190,963 residents within a five-mile radius and a projected population of 202,097 by 2026.

816906

MLS ID

May 15, 2024

Listed

August 23, 2024

Updated

Map

2499 Wallace (-2539) Rd
Salem OR, 97304

Interior Features

Bedrooms

399


Total Bathrooms

414


Interior Features

Breakfast Room/Nook, Area (Combination)


Appliances

Yes, Electric


Laundry Description

W/D Hookup


Floor Description

Carpet, Laminate, Vinyl


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

7.83 Acres


Exterior Features

Fiber Cement


Lot Features

Irrigation System, Yes, Partial, Garden/Low-Rise


Roof

Composition


Sewer

City

School Information

High School

West Salem


Elementary School

Harritt

Other Property Details

Area Name

60 NORTHWEST SALEM


Taxes

$323,000


Tax Frequency

Annually


Garage

No


View

No


County

Polk


Municipality

West Salem


Water Source

City


Pool

No

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

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