2499 Wallace Rd NW | Salem, OR 97304
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- LoopNet Team
2499 Wallace Rd NW
Salem, OR 97304
Riverbend Apartments Phase II · Multifamily Property For Sale
·
201 Units
INVESTMENT HIGHLIGHTS
- Three story 201-unit multi-family development with an estimated completion date in July 2024
- Future residents will enjoy a full suite of top-notch amenities with a fitness center, resident pool with clubhouse, and on-site management.
- West Salem is a rapidly growing community located 60 minutes south of Portland.
- Expanding community with 75,077 households and a projection of 79,981 in 2027.
PROPERTY FACTS
| No. Units | 201 | Lot Size | 8.00 AC |
| Property Type | Multifamily | Construction Status | Abandoned |
| Property Subtype | Apartment | Building Size | 207,900 SF |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | A | Parking Ratio | 1.43/1,000 SF |
| Zoning | MU2 | ||
| No. Units | 201 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 8.00 AC |
| Construction Status | Abandoned |
| Building Size | 207,900 SF |
| No. Stories | 3 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | MU2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Carpet
- Office
SITE AMENITIES
- Clubhouse
- Courtyard
- Fitness Center
- Pool
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+2 | 15 | $1,450 | 800 |
| 2+2 | 174 | $1,850 | 950 |
| 3+2 | 12 | $2,150 | 1,250 |
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