Listed by JOSE GONZALEZ • TU CASA CORPORATION (Agent: 503-851-6582).
For sale
$1,100,000
Est. $6,291/mo —
7
bd
•
3 ba
•
1,852
sq ft
5454 Wallace Rd NW, Salem, OR 97304
About this home
**10 Acre Waterfront Property :) with Two Homes!** A unique opportunity for the right buyer. Hobby Farm, Multigenerational Living, Riverfront Retreat, Agricultural Business or Investment Income. So many possibilities on this special property! Whatever you choose, enjoy the peace and quiet of your own riverfront escape while watching the Willamette River flow by. Welcome Home!
Fantastic Willamette River frontage just six miles from Salem. 1000 feet of riverfront with two existing homes on two separate taxlots. Great opportunity to renovate existing dwellings or replace with a new home. Well, septic, power all existing. Interested parties to verify all information with the Polk County Planning Division. No warranties or guarantees made.
RMLS #22633359
Jun 30, 2023
Sold
$715,000
$386/sq ft
Oct 1, 2022
Pending
—
Sep 4, 2022
Listed
$699,000
$377/sq ft
+18
Fantastic Willamette River frontage just six miles from Salem. 1000 feet of riverfront with two existing homes on two separate taxlots. Great opportunity to renovate existing dwellings or replace with a new home. Well, septic, power all existing. Interested parties to verify all information with the Polk County Planning Division. No warranties or guarantees made.
Year
Property tax
Land + Additions
Assessment*
2025
$1,956 (+3.0%)
$30,730 + $141,700
$172,430
2024
$1,899 (+2.4%)
$29,840 + $137,570
$167,410
2023
$1,855 (+3.6%)
$28,980 + $133,560
$162,540
2022
$1,789 (+3.3%)
$28,130 + $129,680
$157,810
2021
$1,732 (+2.9%)
$27,310 + $125,910
$153,220
2020
$1,683 (+3.9%)
$26,520 + $122,240
$148,760
2019
$1,620 (+1.8%)
$25,750 + $118,680
$144,430
2018
$1,591 (+15.6%)
$25,000 + $115,230
$140,230
2017
$1,377 (+0.7%)
$24,270 + $111,880
$136,150
2016
$1,368 (+3.6%)
$23,560 + $108,630
$132,190
2014
$1,320 (+1.4%)
$22,210 + $102,400
$124,610
2013
$1,302 (+2.0%)
$21,560 + $99,430
$120,990
2012
$1,277 (+5.5%)
$20,930 + $96,540
$117,470
2011
$1,211 (+5.3%)
$20,320 + $93,730
$114,050
2010
$1,150 (+0.5%)
$19,730 + $91,000
$110,730
2008
$1,144
$19,160 + $88,350
$107,510
Public record
Public record
Permits
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
1 Acre
Year renovated
—
Finished Sq. Ft.
1,104
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,104
Year built
1937
Style
Other
County
Polk County
APN
265890
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
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
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% 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
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 5454 Wallace Rd NW
$1,070,254
$30K under list price of $1.10M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $445K to $651K.