For Sale443d on market

423 Lancaster Dr SE

Salem, OR, 97317 • Southeast Salem • Marion County

$499,900

-$398,900 since Sep 4, 2025

2.2 acLot

Market activity

Demand and pricing signals for this listing

66 views

People checking out this listing

443 days on market

Established listing

About this home

Lot

The parcel is the corner lot, zoned CG (General Commercial) which allows for a variety of uses. High vehicle traffic due to theater, Strong development opportunity, High density retail corridor. You have access directly from Lancaster Dr SE. Buyer to verify all infor.

Estimated monthly payment

Based on current rates

$3,175/month

Principal & Interest$2,508

Property Tax$500

Insurance$167

Down payment20% ($99,980)

3%50%

Est. 6.43% rate · 30yr fixed · $399,920 loan

Full calculator →

At a glance

Key facts and listing details

Property

Home typeLot

Sub-typeUnimproved Land

Parking & Outdoor

Lot2.18 Acres

Location & Tax

NeighborhoodSoutheast Salem

ZoningCG

Annual tax$14,764

Parcel603848

Features & details

2 categories of property features

Exterior Features

Lot Features

Corner Lot

Trees

Gentle Sloping

Level

Acres 1 to 3

Utilities

Cable Available

Electricity Available

Natural Gas Connected

Water Available

Listing insights

Market data and value estimates

StatusFor Sale

Days on market443

Tax rate0.81%

On marketJan 8, 2025

PostedJan 8, 2025

MLS statusActive

MLS updatedDec 29, 2025

Tour days6

How are the schools in Salem?

3 schools rated nearby

Four Corners Elementary School

Elementary • Public • K-5

0.4 mi

Houck Middle School

Middle • Public • 6-8

0.8 mi

North Salem High School

High • Public • 9-12

2.4 mi

Location

Salem, OR, 97317

Expand map

Price history

4 events

DateEventPrice$/sqftSource

Sep 4, 2025Price Change$499,900—RMLS (OR)

Apr 5, 2025Listed For Sale$898,800—RMLS (OR)

Mar 7, 2025Pending Sale$898,800—RMLS (OR)

Jan 8, 2025Listed For Sale$898,800—RMLS (OR)

Price Change$499,900

Sep 4, 2025•RMLS (OR)

Listed For Sale$898,800

Apr 5, 2025•RMLS (OR)

Pending Sale$898,800

Mar 7, 2025•RMLS (OR)

Listed For Sale$898,800

Jan 8, 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$3,003/mo

Accepted financing

CashContractConventional

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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 03:59:15 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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