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1355 WALLACE RD NW Salem, OR $ 409,000
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1355 WALLACE RD NW
$ 409,000
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1355 WALLACE RD NW

Salem, OR, 97304
$ 409,000
Bedrooms3 Baths1.1 Sq 1,661

Monthly Estimate*

$ 2,518

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Single Family Home for sale in Salem, OR

for $409,000 with 3 bedrooms and 1 full bath, 1 half bath. This 1,661 square foot home was built in 1956 on a lot size of 0.45.

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.

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Single Family Active

Price

$ 409,000

Bedrooms

3

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 4,568

Style

Stories1

Lot Size

0.45

Year Built

1956

Town/City

Salem

County/Region

Polk

MLS | Web ID

774225357
Features
Interior
Interior Amenities LaminateFlooring
Total Fireplaces 2
Fireplace Features WoodBurning
Hot Water Electricity
Total Bathrooms 1.1
Total Bedrooms 3
Total Baths 2
1/2 Baths 1
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General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances Dishwasher Disposal FreeStandingRange
Zoning RS
Garage Spaces 2.0
Architectural Style Stories1
Security Features None
Year Built 1956
Stories Count 1
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number 244062
County Polk
Property Type Residential
HOA N
Full Baths 1
Status Active
Directions South on Wallace to driveway. A median blocks Northbound traffic turn at the driveway.
High School West Salem
City Salem
Disclosures Disclosure
MLS Area _168
Lot Size Square Feet 19602.0
Listing Terms Cash Conventional Other Rehab
Elementary School Harritt
Tax Annual Amount 4568.0
Middle/Junior High School Walker
Property Condition Resale
Virtual Tour https://midvalleytours.com/l/1355-wallace-rd-nw/
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description ONE STORY
ADU False
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Exterior
Exterior Amenities Patio RVBoatStorage
Water Source PublicWater
Total Parking 2.0
Garage Type Attached
Exterior Description BoardBattenSiding
Foundation Details Other
Building Area Total 1661.0
Lot Size Acres 0.45
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Internal Only
Street Number 1 1355
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* Excluded Features
List By
Paramount Real Estate Services

Broker

brianandnina@paramountoregon.com

Email

Affordability Calculator

$2,899
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,518
Monthly Property Taxes
$381
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1950398 Elementary School
1949770 Middle School
West Salem High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/20/2026$409,000 Listed Price

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1355 WALLACE RD NW, Salem, OR, 97304 is a Single Family Home for sale at $409,000 with 1,661 sqft and a lot size of 0.45. 1355 WALLACE RD NW has 3 bedrooms, 1.1 baths, and was built in 1956. The property's zip code is 97304 which is in Salem, OR

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