1355 Wallace Rd NW, Salem, OR 97304

Salem
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
Listed by: brian and nina whiteDirec: 503-851-1645
Office: paramount real estate services503-385-1518
MLS#:839309
Source:OR_WVMLS
1355 Wallace Rd NW,Salem, OR 97304
$409,000
Virtual Tour
  • 3 Beds
  • 2 Baths
  • 1,661 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$409,000
  • Price per sq. ft.:$246.24

About this home

INVESTMENT ALERT! This single level home has so much to offer with a huge .45 acre lot with room for additional units. A finished ADU with kitchenette, bathroom and bedroom area offer additional income potential. Property has incredible views to the Eastern mountain ranges and downtown Salem. Buyer to do due diligence on redevelopment opportunities, but could also work well for someone wanting a little piece of heaven convenient to Salem and room to grow with main level living. Make this one into your own! There's plenty of room for redevelopment or adding on to existing structures. Buyer to do due diligence with the City of Salem. *Virtual Staging in video

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Home facts

  • Year built:1956
  • Listing ID #:839309
  • Added:1 day(s) ago
  • Updated:April 10, 2026 at 02:32 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Flooring:Carpet, Laminate
  • Dining Description:Combination Dining Area, On Level 1
  • Kitchen Description:Dishwasher, Disposal, On Level 1, Range: Electric
  • Bedroom Description:Master Bedroom on Level 1
  • Living area:1,661 sq. ft.

Heating and cooling

  • Cooling:Central Ac
  • Heating:Electric, Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1956
  • Building area:1,661 sq. ft.
  • Lot area:0.45 Acres
  • Lot Features:Irregular
  • Architectural Style:1 Story
  • Exterior Features:Partial Fenced Yard, Patio
  • Foundation Description:Slab

Schools

  • High school:West Salem
  • Middle school:Walker
  • Elementary school:Harritt

Utilities

  • Water:City, Connected
  • Sewer:City Sewer

Finances and disclosures

  • Price:$409,000
  • Price per sq. ft.:$246.24
  • Tax amount:$4,568 (2025)

Features and amenities

  • Amenities:Area/Room For RV, Electric Water Heater

Parking

  • Parking description:Attached Garage
  • Garage spaces:2
MLS LogoBased 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.

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