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.
West Salem, located between the Willamette River and the Eola Hills, is a residential and riverfront Salem neighborhood with hillside views and a small-town main-street feel. The neighborhood’s energy concentrates around Wallace Rd NW and Edgewater St NW, where coffee counters, local diners, and everyday storefronts set a steady, lived-in rhythm. Mid-century ranches and newer hillside builds share the slopes, while river paths and open lawns shape daily routines. The Gilbert House Children’s Museum and the Elsinore Theatre add cultural gravity just across the bridges. Minto-Brown Island Park and Wallace Marine Park frame the waterline with trails, fields, and boat launches. Wineries and tasting rooms in the nearby Eola-Amity Hills extend the landscape into weekend itineraries.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Territorial view
Heating & cooling
No heating
No cooling
Exterior features
Riverfront on the Willamette
Paved road access
Existing structures on the property
Barn(s)
Driveway
Two separate parcels
Home design
Land property (mixed-use)
Current use: farm
Zoned SR/EFU
Parking
Driveway access
Construction
Approximately 12.36 acres (two parcels)
Utilities
Electricity available
Phone available
Well water
Other
Listing status: Active
Electricity and solar
View estimated energy costs and solar savings for this home
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. Marine drive would run from Harritt to Taybin Rd. Travel lanes, sidewalk and 12' multi-use path on east side. Connector streets-Harritt, Beckett & 5th ave
RMLS #23414635
May 1, 2025
Price Changed
$5,000,000
Sep 10, 2024
Relisted
—
Nov 9, 2023
Listed
$950,000
Year
Property tax
Land + Additions
Assessment*
2025
$76 (+3.1%)
$20,748
2024
$73 (+69.7%)
$20,151
2008
$43
$13,874 + $210,840
$224,714
Public record
Public record
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
4.66 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Ranch
County
Polk County
APN
314846
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Sep 2, 2026.
Aug 10, 2014 • Final
Residential electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
3/10 Flood Factor
Estimated 10-16% chance 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
89/ 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.
9.7 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1990 Wallace Rd NW
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $390,000 and $820,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $390K to $820K.