DUAL LIVING OPPORTUNITY with separate ADU. This single level home has so much to offer with a huge .45 acre lot with room for additional units. Finished ADU with kitchenette, bathroom & bedroom area offer additional income potential. Property has incredible views to the East mountain ranges & downtown Salem. Looking for an Investment? Buyer to do due diligence on redevelopment opportunities, but could work well for someone wanting affordable living convenient to Salem with room to grow & main level living.
Single-familyProperty Type
1956Year Built
0.45 acresLot Size
$238Price/Sq.Ft.
2 car garageParking
Listed by Brian White• Paramount Real Estate Services
Bought with Bridget Welborn• HomeSmart Realty Group
Est. $2,248 per month, based on comparable rentals
Sale and tax history for 1355 Wallace Rd NW
Sale History
Tax History
Date
Event
Price
RMLS #774225357
May 27, 2026
Sold
$395,000
$238/sq ft
Apr 27, 2026
Pending
—
Apr 20, 2026
Listed
$409,000
$246/sq ft
WVMLS #839309
May 27, 2026
Sold
$395,000
$238/sq ft
May 27, 2026
Sold
$395,000
$238/sq ft
Apr 27, 2026
Contingent
—
Apr 10, 2026
Listed
$409,000
$246/sq ft
Apr 1, 2026
Listed
$409,000
$246/sq ft
+43
DUAL LIVING OPPORTUNITY with separate ADU. This single level home has so much to offer with a huge .45 acre lot with room for additional units. Finished ADU with kitchenette, bathroom & bedroom area offer additional income potential. Property has incredible views to the East mountain ranges & downtown Salem. Looking for an Investment? Buyer to do due diligence on redevelopment opportunities, but could work well for someone wanting affordable living convenient to Salem with room to grow & main level living.
Public Records
Nov 16, 2004
Sold
$165,000
$99/sq ft
Public Records
Sep 15, 1986
Sold
$70,000
$42/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,568 (+8.0%)
$61,580 + $169,650
$231,230
2024
$4,231 (+3.0%)
$59,790 + $164,710
$224,500
2023
$4,108 (+3.3%)
$58,050 + $159,920
$217,970
2022
$3,977 (+2.9%)
$56,360 + $155,270
$211,630
2021
$3,863 (+3.1%)
$54,720 + $150,750
$205,470
2020
$3,749 (+3.6%)
$53,130 + $146,360
$199,490
2019
$3,618 (+1.7%)
$51,580 + $142,100
$193,680
2018
$3,558 (+11.0%)
$50,080 + $137,960
$188,040
2017
$3,206 (+2.5%)
$48,620 + $133,950
$182,570
2016
$3,129 (+4.8%)
$47,210 + $130,050
$177,260
2014
$2,987 (+7.7%)
$44,500 + $122,590
$167,090
2013
$2,773 (−7.2%)
$42,380 + $111,320
$153,700
2012
$2,987 (+4.5%)
$39,470 + $123,730
$163,200
2011
$2,858 (+4.4%)
$38,320 + $120,130
$158,450
2010
$2,738 (+1.4%)
$37,200 + $116,640
$153,840
2008
$2,700
$36,120 + $113,240
$149,360
Public record
Public record
Zoning
Beds
3
Baths
1.5
Stories
1
Lot width
—
Lot depth
—
Lot size
0.45 Acres
Year renovated
1975
Sq. Ft.
1,661
Year built
1956
Style
Single Family Residential
County
Polk County
APN
244062
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
RS
Single Family Residential Zone
The purpose of the Single Family Residential (RS) Zone is to implement the single family residential designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. The RS zone generally allows single family, two family, three family, and four family residential uses, along with a mix of other uses that are compatible with and/or provide support and services to the residential area.
Permitted uses
Include but are not limited to:
Agriculture
Community / recreation center
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Other
Infrastructure
Library
Ground transport
Park & open space
Property details
Parking
Parking Information
Parking Total: 2
Garage Information
Garage Type: Attached
Garage Spaces: 2
Has Attached Garage: Yes
Interior
Virtual Tour Information
Virtual Tour Type: Virtual
Has Virtual Tour Unbranded: Yes
Appliances
Appliances: Dishwasher, Disposal, Free-Standing Range
Hot Water Description: Electricity
Interior Features
Interior Features: Laminate Flooring
Fireplace YN: Yes
Fireplaces Total: 2
Fireplace Features: Wood Burning
Bathroom Information
Bathrooms Full: 1
Bathrooms Full Main Level: 1
Bathrooms Partial: 1
Bathrooms Partial Main Level: 1
Bathrooms Total Integer: 2
Bathrooms Total Main Level: 1.1
Baths Total: 1.1
Room 7 Information
Description: 2nd Bedroom
Level: Main
Room 8 Information
Description: 3rd Bedroom
Level: Main
Room 9 Information
Description: Dining Room
Level: Main
Room 10 Information
Description: Family Room
Level: Main
Room 11 Information
Description: Kitchen
Level: Main
Room 12 Information
Description: Living Room
Level: Main
Room 13 Information
Description: Primary Bedroom
Level: Main
Room 14 Information
Description: Great Room
Exterior
Exterior Features
Roof: Composition
Exterior Features: Patio, RV/Boat Storage
Exterior Description: Board & Batten Siding
Lot Information
Lot Size Square Feet: 19,602
Lot Size Range: 15,000 to 19,999 SqFt
Lot Size Acres: 0.45
Lot Size: 15,000 to 19,999 SqFt
Parcel Number: 244062
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Property Attached YN: No
Property Condition: Resale
Main Level Area Total: 1,661
Security Features: None
View YN: Yes
View Description: Mountain(s)
Building Information
Year Built: 1956
Building Area Total: 1,661
Building Area Description: County
Building Area Calculated: 1,661
Foundation Details: Other
Financial
Tax Information
Tax Year: 2025
Tax Legal Description: ONE STORY
Tax Annual Amount: $4,568
Lease / Rent Information
Land Lease YN: No
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Forced Air
Cooling YN: Yes
Cooling: Central Air
Location
School Information
Elementary School: Harritt
Middle Or Junior School: Walker
High School: West Salem
Location Information
Directions: South on Wallace to driveway. A median blocks Northbound traffic turn at the driveway.
Unparsed Address: 1355 WALLACE RD NW, Salem, OR 97304
Community Information
Senior Community YN: No
Zoning: RS
Public facts
Beds: 3
Baths: 1.5
Sq. Ft.: 1,661
Stories: 1.0
Lot Size: 0.45 acres
Style: Single Family Residential
Year Built: 1956
Year Renovated: 1975
County: Polk County
APN: 244062
Home facts updated by county records on Sep 2, 2026
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
New Construction Information
New Construction YN: No
Around this home
Schools
Harritt Elementary School
Public K-5 • Assigned • 0.8mi
5/10
Walker Middle School
Public 6-8 • Assigned • 0.6mi
4/10
West Salem High School
Public 9-12 • Assigned • 1.5mi
6/10
Provided by GreatSchools
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)
46
34
48
36
55
41
63
42
68
46
75
51
83
54
83
57
76
53
62
44
51
41
48
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Salem. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$428,000 – $518,000
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