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$16,000,000
67 Days Online

2505 Wallace Rd
Salem, OR 97304

For Sale|Multi-Family|Active
County:
Polk
Listing courtesy of Christine Folz of Real Broker

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503-334-1515
2505 Wallace Rd2505 Wallace Rd2505 Wallace Rd2505 Wallace Rd
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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.

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Listing Snapshot
Price 
$16,000,000
Days Online 
67 Days
Bedrooms 
N/A
Inside Area (SqFt) 
194,800 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.64 Acres
Year Built 
2024
MLS® Number 
24492370
Status 
Active
Property Tax 
$9,029
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
2 months agoListing first seen online
General Features
Construction 
Cement Siding
Sewer 
Public Sewer
Water 
Public
Parking Features 
Assigned
Attached Garage 
No
Interior Features
Heating 
Mini Split
Cooling 
Other
Basement 
None
Foundation 
Slab
Stories 
3
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Exterior Features
Parking 
Assigned
Roof Type 
Composition
Community Features
HOA Includes 
Trash Collection
Schools
School District
Unknown
Elementary School
Harritt
Middle School
Walker
High School
West Salem
Listing courtesy of Christine Folz of Real Broker



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than 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. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

This content last updated on 2024-07-22 03:40 AM PDT.

All information provided is deemed reliable but is not guaranteed and should be independently verified

Neighborhood & Commute
Source: Walkscore
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