2505 Wallace Rd Salem, OR 97304
Listing Courtesy of: RMLS / Real Broker / Windermere Heritage / Ali Morrison

  2505 Wallace Rd Salem, OR 97304

Active (70 Days)


Oppurtunity to purchase and take over the development/completion of a 201-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.

MLS #:
Lot Size
2.64 acres
Year Built
Polk County

Listed By

Christine Folz, Real Broker
Ali Morrison, Windermere Heritage
Last checked Jul 24 2024 at 10:02 AM GMT+0000
Bathroom Details
Property Features
  • Foundation: Slab
Heating and Cooling
  • Mini Split
  • Other
Exterior Features
  • Cement Siding
  • Roof: Composition
Utility Information
  • Sewer: Public Sewer
  • Fuel: Electricity
School Information
  • Elementary School: Harritt
  • Middle School: Walker
  • High School: West Salem
  • Assigned
  • 3
Additional Listing Info
  • Buyer Brokerage Commission: 1.5
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