2499 -2539 Wallace Rd, Salem

$49,000,000

0 Bed
0 Bath
194,800 Sqft
0 Acre
0 Garage

Opportunity to purchase a 201-unit apartment complex currently under construction, ETA for completion July 2024. Located in the expanding community of West Salem, this project is in the horizontal phase & will be a 3-story multiplex complete w/ fitness center, resident pool & clubhouse, walking trail/green space & on-site management office. Development is located off Wallace Rd, adjacent to neighboring retail development which includes a small shopping center, food truck, and pavilion.

Essential Information
MLS® #22218653
Price$49,000,000
Bathrooms0.00
Square Footage194,800
Acres0.00
Year Built2022
TypeMulti Family
StatusActive
Community Information
Address2499 -2539 Wallace Rd
Area168 - Polk Co: West Salem N
SubdivisionRiverbend Apartments
CitySalem
CountyPolk
StateOR
Zip Code97304
Amenities
ParkingAssigned
Interior
HeatingMini Split
CoolingOther
# of Stories3
BasementNone
Exterior
ExteriorCement Siding
RoofComposition
FoundationSlab
School Information
ElementaryHarritt
MiddleWalker
HighWest Salem
Additional Information
Date ListedDecember 2nd, 2022
Days on Market113
ZoningMulti
Listing Details
OfficeReal Broker
Property History
Price Reduced from $54,000,000 to $49,000,000
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Listing information last updated on March 25th, 2023 at 7:24am PDT.