- For Sale $1,975,000
- Property Type VacantLand
- Lot Size 9.12 Acre
- Date Updated May 12, 2026
Description
This offering includes two prime parcels — 1.88 acres and 7.24 acres — zoned RM2 (Residential Medium Density) and located in West Salem, OR, directly adjacent to the newly completed section of Marine Drive. This property has about 7 acres of buildable land and has development potential for approximately 250 apartment units. With proximity to major transit corridors, expanding infrastructure, and a thriving local community, this property is well positioned for development in one of the most promising areas of Salem, Oregon.
West Salem is a key growth area within the broader Salem metro region. The city has seen consistent population growth, and as residential demand continues to increase, there is a recognized need for additional housing in the area. The planned improvements to Marine Drive will enhance accessibility, further positioning West Salem as a desirable location for residential development.• ± 1.88 AC and ± 7.24 AC parcels
• Zoned RM2 – Residential Medium Density
• Approximately 250-unit multifamily development potential
• Public utilities at the site along with some street improvements
Highlights
- Close proximity to I-5, downtown Salem, and Salem Airport
- Located in the Willamette Valley with steady regional expansion
- Near major roads and transportation routes
- Strong local housing demand driven by population growth
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Contacts
Jake Holman
Norris & Stevens
Location
Located at 2001 Wallace Rd NW, Salem, OR 97304, this property is part of the West Salem neighborhood and Eugene market.
Contact Listing Broker
Jake Holman
Norris & Stevens