# 1990 Wallace Rd NW, Salem, OR 97304

> **TL;DR:** land, $5,000,000.
> Waterfront, View. Est. $26,741/mo. Listed 1058 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $5,000,000 |
| Lot Size | 538,402 sqft (12.36 acres) |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 1058 |

## Why This Home Stands Out

- **Waterfront** - Waterfront location listed
- **Views** - Territorial

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $25,283 |
| Estimated Insurance | $1,458 |
| **Total** | **$26,741** |

## Nearby Schools

- **Elementary:** Harritt
- **Middle:** Walker
- **High:** West Salem

## Key Amenities

- Waterfront
- View

## Property Highlights

- 12.36 acre lot
- Waterfront

## Description

### Agent Description
Developent opportunity. Sale includes Polk county tax IDs 314820, 314846, 354776. Marine drive will split parels 314820 and 314864. West sides of parcels offer portential for multiple development uses- east sides are outside the urban growth boundary and partially in the flood plane. Parcel 354776 is paved access off Wallace Rd. Two existing wells and Existing barn on property.

## Location

- **Address:** 1990 Wallace Rd NW, Salem, OR 97304
- **County:** Polk
- **Coordinates:** 45.090839, -123.095222
- **Google Maps:** https://www.google.com/maps?q=45.090839,-123.095222

## Listing Agent

- **Name:** Christine Folz
- **Brokerage:** Real Broker, LLC
- **Phone:** 5039493087
- **Broker Phone:** (855) 450-0442
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1990-Wallace-Rd-NW_Salem_OR_97304_M90813-67342?f=listhub&s=RMLSOR&m=23414635&c=propsimple)

## Photos

![1990 Wallace Rd NW - Photo 1](http://lh.rdcpix.com/902873b54c1c0f821e313be943368346l-f106885583r.jpg)

![1990 Wallace Rd NW - Photo 2](http://lh.rdcpix.com/902873b54c1c0f821e313be943368346l-f3403113877r.jpg)

---

**MLS#:** 23414635 | **Updated:** 2026-09-22
**Source:** listhub

*Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1990-wallace-rd-nw-salem-or-97304-23414635)

---

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