Active

2505 WALLACE RD

Salem OR, 97304

$16,000,000


$82.14 per sqft

Active

3 Beds

3 Baths

194,800 sqft

Multi-family

Built in 2024

Courtesy of Real Broker

Oppurtunity to purchase and take over the development/completion of a 216-unit apartment complex project.Located in the expanding community of West Salem. Plans and permits for 3-story multiplex complete with fitness center, resident pool & clubhouse, walking trail/green space and on-site management office. Property will be delivered in current state with approx 65% horizontal completed. Development is located off Wallace Rd, adjacent to phase 1 (completed) and neighboring retail development which includes a small shopping center, food truck pod and pavilion. Developer is willing to complete project for negotiated developer fees after purchase. Inquire with co broker.

24492370

MLS ID

May 15, 2024

Listed

October 19, 2024

Updated

Map

2505 WALLACE RD
Salem OR, 97304

Interior Features

Total Stories

3


Bedrooms

3


Total Bathrooms

3


Full Bathrooms

3


Fireplace

No


Cooling

No


Cooling Description

Other


Heating

Yes


Heating Description

Mini Split

Exterior/Building Features

Lot Size

2.64 Acres


Roof

Composition


Sewer

Public Sewer

School Information

High School

West Salem


Elementary School

Harritt

Other Property Details

Area Name

_168


Taxes

$9,029


Tax Frequency

Annually


Days on Market

127


Garage

No


Parking

Assigned


View

No


County

Polk


Water Source

Public Water


Pool

No


Zoning

Multi

Listing Courtesy of Real Broker, Christine Folz. 503-949-3087

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 Made Out West Land Co. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 10/19/2024, 2:43 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

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