OFF MARKET

Off Market Feb 2021 for $9.5M

—

Est. refi paymentEst. refi $10,255/mo

•

66 ba

•

41,820

sq ft

1225 Riverbend Rd NW, Salem, OR 97304

About this home

Price increase associated with stabilization of these three 3-story apartment buildings on approximately 2-acre lot just off Wallace Rd in desirable West Salem. 48 total units comprised of 1BD/1BA & 2BD/2BA all w/ washer/dryer, kitchen appliances, deck/patio & parking included. Each apartment to contain ductless cooling & cadet heating units. One ADA apartment available w/ 15 more adaptable. Landscaping & common areas include walking trail, play structure & green space. Growing rental market.

Multi-familyProperty Type

2020Year Built

$227Price/Sq.Ft.

Listed by Gregory Goodenough • Premiere Property Group, LLC

Bought with OR and WA Non Rmls • Non Rmls Broker

Redfin checked: 2 minutes ago

•Source:RMLS #19010294

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 97304, OR

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.9%

0.1% MoM

Median sale price

$510K

$9K MoM

Avg. days on market

70d

5 days MoM

Recently sold homes

110

3 MoM

New listings for sale

NEW 15 HRS AGO
$359,000
2 beds2 baths1,250 sq ft
1565 3rd St NW, Salem, OR 97304
Jillian Slezak • Realty One Group Willamette Valley
COMING SOON
$669,000
3 beds3 baths2,528 sq ft
1395 NW West Meadows Dr, Salem, OR 97304
Caralee Slowik • Slowik Real Estate LLC
$550,000
3 beds2.5 baths2,250 sq ft
2610 Tyler Ct NW, Salem, OR 97301
3D WALKTHROUGH
$399,900
2 beds2 baths1,272 sq ft
1986 Pecan Ct, Salem, OR 97304
$450,000
3 beds2 baths1,478 sq ft
875 Jev Ct, Salem, OR 97304
Jana Fogg • Keller Williams Capital City
$539,900
4 beds2.5 baths2,110 sq ft
3065 Elliot St NW, Salem, OR 97304
OPEN SAT, 11:30AM TO 1:30PM
$374,990
2 beds2 baths2,630 sq ft
1853 Woodstock Cir NW, Salem, OR 97304
Angel Williams • Equity Oregon Real Estate
$624,900
4 beds3 baths2,909 sq ft
2321 Banyonwood Ave NW, Salem, OR 97304
$395,000
3 beds2 baths1,372 sq ft
1210 River Bend Rd, Salem, OR 97304
Nereyda Aguirre Aguirre • eXp Realty, LLC
$640,000
3 beds3 baths2,571 sq ft
3173 Garrett St, Salem, OR 97304
Nereyda Aguirre Aguirre • eXp Realty, LLC
See all

Provided by Redfin

Sale history for 1225 Riverbend Rd NW

Date

Event

Price

WVMLS #757774

Feb 26, 2021

Sold

$9,500,000

$227/sq ft

Feb 26, 2021

Sold

$9,500,000

$227/sq ft

Nov 13, 2020

Price Changed

$9,500,000

$227/sq ft

Nov 13, 2020

Relisted

—

Sep 4, 2020

Listing Removed

—

Sep 1, 2020

Price Changed

$9,400,000

$225/sq ft

Apr 17, 2020

Price Changed

$8,900,000

$213/sq ft

Nov 25, 2019

Listed

$10,000,000

$239/sq ft

Nov 25, 2019

Listed

$9,500,000

$227/sq ft

+16

Price increase associated with stabilization of these three 3-story apartment buildings on approximate 2-acre lot just off Wallace Rd in desirable West Salem. 48 total units comprised of 1BD/1BA & 2BD/2BA all w/ washer/dryer, kitchen appliances, deck/patio & parking included. Each apartment to contain ductless cooling & cadet heating units. One ADA apartment available w/ 15 more adaptable. Landscaping & common areas include walking trail, play structure & green space. Growing market with rising rents.

RMLS #19010294

Feb 26, 2021

Sold

$9,500,000

$227/sq ft

Nov 13, 2020

Pending

—

Aug 31, 2020

Price Changed

$9,400,000

$225/sq ft

Apr 16, 2020

Price Changed

$8,900,000

$213/sq ft

Nov 25, 2019

Listed

$10,000,000

$239/sq ft

Public Records

Aug 28, 2020

Sold

$3,071,441

$73/sq ft

Public Records

Mar 19, 2018

Sold

$1,000,000

$24/sq ft

Public Records

Oct 27, 1980

Sold

$25,000

$1/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$120,242 (+8.0%)

$86,540 + $6,000,050

$6,086,590

2024

$111,362 (+3.0%)

$84,020 + $5,825,300

$5,909,320

2023

$108,129 (+3.3%)

$81,570 + $5,655,640

$5,737,210

2022

$104,666 (+2.9%)

$79,190 + $5,490,920

$5,570,110

2021

$101,677 (+468.9%)

$76,890 + $5,330,990

$5,407,880

2020

$17,873 (+753.4%)

$115,490 + $835,680

$951,170

2019

$2,094 (+1.7%)

$112,130

2018

$2,060 (+11.0%)

$108,870

2017

$1,856 (+2.4%)

$105,700

2016

$1,812 (+3.8%)

$102,630

2014

$1,746 (+2.0%)

$96,750

2013

$1,711 (+2.5%)

$93,940

2012

$1,669 (+4.5%)

$91,210

2011

$1,597 (+4.4%)

$88,560

2010

$1,530 (+1.4%)

$85,990

2008

$1,509

$83,490

Tax history for 1225 Riverbend Rd NW

Year

Property tax

Land + Additions

Assessment*

2025

$120,242 (+8.0%)

$86,540 + $6,000,050

$6,086,590

2024

$111,362 (+3.0%)

$84,020 + $5,825,300

$5,909,320

2023

$108,129 (+3.3%)

$81,570 + $5,655,640

$5,737,210

2022

$104,666 (+2.9%)

$79,190 + $5,490,920

$5,570,110

2021

$101,677 (+468.9%)

$76,890 + $5,330,990

$5,407,880

2020

$17,873 (+753.4%)

$115,490 + $835,680

$951,170

2019

$2,094 (+1.7%)

$112,130

2018

$2,060 (+11.0%)

$108,870

2017

$1,856 (+2.4%)

$105,700

2016

$1,812 (+3.8%)

$102,630

2014

$1,746 (+2.0%)

$96,750

2013

$1,711 (+2.5%)

$93,940

2012

$1,669 (+4.5%)

$91,210

2011

$1,597 (+4.4%)

$88,560

2010

$1,530 (+1.4%)

$85,990

2008

$1,509

$83,490

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

2.05 Acres

Year renovated

—

Sq. Ft.

41,772

Year built

2019

Style

Other

County

Polk County

APN

241652

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 2, 2026.

Commercial Office Zone

The purpose of the Commercial Office (CO) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. The CO zone generally allows office and professional services, along with a mix of housing and limited retail and personal services.

Permitted uses

Include but are not limited to:

Bank
Day care facility
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Housing-Senior
Office
Research & development
Public service

Property details

Parking

Parking Information
Parking Features: Assigned, Guest

Interior

Appliances
Hot Water Description: Electricity

Interior Features
Storage: None

Exterior

Exterior Features
Roof: Composition
Exterior Description: Board & Batten Siding, Lap Siding

Lot Information
Lot Size Range: 1 to 2.99 Acres
Lot Size: 1 to 2.99 Acres
Lot Features: Sloped, Trees
Parcel Number: 241652

Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: New Construction
Security Features: Security Lights
View YN: Yes
View Description: Territorial

Building Information
Year Built: 2020
Building Area Total: 41,820
Foundation Details: Slab

Financial

Tax Information
Tax Year: 2020
Tax Legal Description: Adjusted Tax Lot 10000, Polk County Assessor's Map 7.3.16BA
Tax Annual Amount: $17,873

Rent Information
Rent Includes: Cable TV, Electricity, Maintenance Grounds, Sewer, Trash Collection, Water

Utilities

Utility Information
Green Certification YN: No
Fuel Description: Electricity
Internet Service Type: Cable
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: No
Heating: Other
Cooling YN: Yes
Cooling: Wall Unit(s)

Location

Multi Unit Information
# Of Units Total: 48

Unit Information
Unit Type: 1, 2

Unit Type 1 Information
Area: 770
Baths Total: 1
Beds Total: 1
Features: Air Conditioning, Deck, Refrigerator, Washer/Dryer
Units Total: 30

Unit Type 2 Information
Area: 1,040
BathsTotal: 2
Beds Total: 2
Features: Air Conditioning, Deck, Refrigerator, Washer/Dryer
Units Total: 18

School Information
Elementary School: Brush College
Middle Or Junior School: Straub
High School: West Salem

Location Information
Directions: Wallace Rd
Unparsed Address: 1225 Riverbend RD NW, Salem, OR 97304

Community Information
Zoning: C0

Public facts

Beds: —
Baths: —
Sq. Ft.: 41,772
Stories: —
Lot Size: 2.05 acres
Style: Other
Year Built: 2019
Year Renovated: —
County: Polk County
APN: 241652

Home facts updated by county records on Sep 2, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

Around this home

Schools

Harritt Elementary School

Public K-5 • Assigned • 0.3mi

5/10

Walker Middle School

Public 6-8 • Assigned • 1.4mi

4/10

West Salem High School

Public 9-12 • Assigned • 1.3mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

3/10 Heat Factor

7 days above 92° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

12 unhealthy days expected this year, 12 days in 30 years

Provided by First Street

Historical weather

Salem, OR • 97304

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

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Oct

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Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

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New listings for sale in 97304

NEW 15 HRS AGO

$359,000

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1565 3rd St NW, Salem, OR 97304

Jillian Slezak • Realty One Group Willamette Valley

COMING SOON

$669,000

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Caralee Slowik • Slowik Real Estate LLC

$550,000

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3D WALKTHROUGH

$399,900

2 beds2 baths1,272 sq ft

1986 Pecan Ct, Salem, OR 97304

$450,000

3 beds2 baths1,478 sq ft

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Jana Fogg • Keller Williams Capital City

$539,900

4 beds2.5 baths2,110 sq ft

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OPEN SAT, 11:30AM TO 1:30PM

$374,990

2 beds2 baths2,630 sq ft

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Angel Williams • Equity Oregon Real Estate

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Nereyda Aguirre Aguirre • eXp Realty, LLC

Home values near 1225 Riverbend Rd NW

Data from public records.

Address	Redfin Estimate
1270 River Bend Road Northwest, Salem, OR 3 Beds \| 1 Baths \| 1012 Sq. Ft.	$327,753
1190 River Bend Road Northwest, Salem, OR 3 Beds \| 2 Baths \| 1246 Sq. Ft.	$389,918

Address	Redfin Estimate
1210 River Bend Road, Salem, OR 3 Beds \| 2 Baths \| 1372 Sq. Ft.	—
1150 River Bend Road Northwest, Salem, OR 3 Beds \| 2 Baths \| 1266 Sq. Ft.	$392,764

Address	Redfin Estimate
1250 River Bend Road Northwest, Salem, OR 3 Beds \| 2 Baths \| 1372 Sq. Ft.	$380,527
1310 River Bend Road Northwest, Salem, OR 4 Beds \| 2 Baths \| 1320 Sq. Ft.	$372,358

Property information provided by RMLS when last listed in 2019. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 97304, OR

Sale history for 1225 Riverbend Rd NW

Tax history for 1225 Riverbend Rd NW

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 97304

Home values near 1225 Riverbend Rd NW

More real estate resources