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Lancaster Dr NE photo 1

For Sale203d on market

Lancaster Dr NE

Salem, OR, 97301 • Southeast Mill Creek • Marion County

$350,000

0.4 acLot

Property DNA

2 highlights

Waterfront Property

Lake, Pond

Scenic Views

Pond · Territorial

Market activity

Demand and pricing signals for this listing

53 views

People checking out this listing

4 saves

Buyers have saved this home

203 days on market

Established listing

About this home

Lot

This is a huge opportunity for someone looking to have a prime commercial property on one of the busiest parts of Lancaster Dr. City just rezoned to Mixed Use II (MU-II). Zoning allows for everything from Duplex, Triplex, Quadraplex, apartments, Residential Care Facility, Short Term Lodging, Non-profit shelters, Restaurant, day Care, and General Construction/repair facilities.

Estimated monthly payment

Based on current rates

$2,223/month

Principal & Interest$1,756

Property Tax$350

Insurance$117

Down payment20% ($70,000)

3%50%

Est. 6.43% rate · 30yr fixed · $280,000 loan

Full calculator →

At a glance

Key facts and listing details

Property

Home typeLot

Sub-typeUnimproved Land

Parking & Outdoor

Lot0.40 Acres

Location & Tax

NeighborhoodSoutheast Mill Creek

ZoningMU-II

Annual tax$1,030

Parcel529442

Features & details

3 categories of property features

Exterior Features

Lot Features

Cleared

Corner Lot

Level

SqFt 15000 to 19999

Views

Pond

Territorial

Utilities

Electricity Available

Natural Gas Available

Phone Available

Underground Utilities

Water Available

Listing insights

Market data and value estimates

StatusFor Sale

Days on market203

Tax rate0.81%

On marketSep 5, 2025

PostedSep 5, 2025

MLS statusActive

MLS updatedOct 16, 2025

Tour days6

Views53

Favorites4

How are the schools in Salem?

3 schools rated nearby

3

Miller Elementary School

Elementary • Public • K-5

0.6 mi

1

Houck Middle School

Middle • Public • 6-8

0.6 mi

4

North Salem High School

High • Public • 9-12

3.2 mi

Location

Salem, OR, 97301

Price history

1 event

DateEventPrice$/sqftSource

Sep 6, 2025Listed For Sale$350,000—RMLS (OR)

Listed For Sale$350,000

Sep 6, 2025•RMLS (OR)

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Neighborhood details

Local context around this listing

Salem, OR • Marion County

Nearby neighborhoods

East LancasterFaye WrightFour CornersHayesvilleMorningsideNorth LancasterNorthgateSouth GatewaySoutheast Mill CreekWest Salem

Nearby cities

AumsvilleAuroraHubbardJeffersonKeizerSalemSilvertonStayton

Nearby zip codes

97301973029730497305973069730897309973109731297317

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Value estimates

Live

30yr rate est.6.43%

Affordability$2,103/mo

Accepted financing

CashConventionalOwner Will Carry

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. This content last updated on 2026-03-27 06:14:16 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Lancaster Dr NE, Salem, OR 97301 | SREG Property Finder