2499 Wallace Rd | Salem, OR 97304
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2499 Wallace Rd
Salem, OR 97304
Riverbend Apartments Phase II · Multifamily Property For Sale
·
198 Units
INVESTMENT HIGHLIGHTS
- The Riverbend Apartments Phase II is a three-story multi-family property in a well-established residential community.
- Residents of the Riverbend Apartments will have immediate access to a newly developed retail property and a 23-cart food pod.
- The current development is listed for sale as 75%-leased; the development has excellent exposure to the 17,626 vehicles passing per day.
- 2499 Wallace Rd is located near multiple public bus lines providing residents with the opportunity to commute to and from work.
PROPERTY FACTS
| No. Units | 198 | 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 | 198 |
| 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+1 | 35 | $1,225 | 700 - 785 |
| 2+2 | 143 | $1,425 | 1,000 - 1,050 |
| 3+2 | 20 | $1,595 | 1,150 - 1,295 |
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