$350,000
Lancaster Dr NE, Salem, OR 97301
Est. Mortgage $2,151/mo*
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Lot/Land
0.4 acre lot
Local Information
-- mins to
About this House
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.
Last check for updates: about 13 hours ago
Listing courtesy of Shane Matthews, (503) 400-5851
HomeStar Brokers
Source: RMLS (OR), MLS#125718676

Home Details for Lancaster Dr NE
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MLS Status: Active |
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Appliances & Utilities Utilities: Electricity Available, Natural Gas Available, Phone Available, Underground Utilities, Water Available |
Heating & Cooling No CoolingNo Heating |
View Has a ViewView: Pond, Territorial |
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Parking & Garage No Attached Garage |
Frontage Waterfront: Lake, PondRoad Surface Type: Paved |
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Days on Market: 180+ |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Building Not Attached Property |
Property Information Parcel Number: 529442Additional Parcels Description: 529454 |
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Price List Price: $350,000 |
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Direction & Address City: Salem |
School Information Elementary School: MillerJr High / Middle School: HouckHigh School: North Salem |
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Listing Agent Listing ID: 125718676 |
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No HOA |
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Lot Area: 0.40 acres |
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Listing Terms: Cash, Conventional, Owner Will Carry |
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Mls Number: 125718676Water ViewWater View: Pond |
Around this home
What Locals Say about Southeast Mill Creek
At least 44 Trulia users voted on each feature.
85 % Say car is needed
84 % Say there are sidewalks
82 % Say it's dog friendly
79 % Say kids play outside
75 % Say there's holiday spirit
72 % Say yards are well-kept
55 % Say parking is easy
53 % Say it's walkable to grocery stores
53 % Say it's quiet
52 % Say streets are well-lit
44 % Say they plan to stay for at least 5 years
41 % Say it's walkable to restaurants
35 % Say people would walk alone at night
35 % Say neighbors are friendly
30 % Say there's wildlife
13 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Salem
Last updated August 2026
Avg. sale price
$441K
$4.58KMoM
Sale-to-List Price
100.0%
Price per sq ft
$271
$5MoM
Available listings
938
50MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.55 | Lot/Land | $439,500 | 05/29/26 | - | - | ||
1.30 | Lot/Land | $157,500 | 01/05/26 | - | - | ||
1.65 | Lot/Land | $325,000 | 10/30/25 | - | - | ||
1.65 | Lot/Land | $360,000 | 10/28/25 | - | - | ||
1.70 | Lot/Land | $157,500 | 01/05/26 | - | - | ||
2.11 | Lot/Land | $185,000 | 05/11/26 | - | - | ||
2.32 | Lot/Land | $185,000 | 08/17/26 | - | - | ||
2.69 | Lot/Land | $123,000 | 10/17/25 | - | - | ||
2.89 | Lot/Land | $120,000 | 07/02/26 | - | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.00 | $350,000 | - | - | - | For Sale | |
0.10 | $425,000 | 3 | 2 | 1,277 | Recently Sold | |
0.11 | $375,400 | 3 | 1 | 1,152 | Off Market | |
0.13 | $415,000 | 4 | 2 | 1,564 | Off Market | |
0.14 | $456,200 | 4 | 2 | 1,696 | Off Market | |
0.12 | $426,100 | 3 | 2 | 1,309 | Off Market | |
0.16 | $393,300 | 3 | 2 | 1,386 | Off Market | |
0.18 | $399,500 | 5 | 2 | 1,872 | For Sale | |
0.18 | $304,600 | 3 | 1.5 | 1,150 | Off Market | |
0.19 | $380,000 | 5 | 2 | 1,872 | Recently Sold | |
0.18 | $349,100 | 3 | 2 | 1,354 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 6, 2025 Source: RMLS (OR) #125718676 | Listed For Sale | $350,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Shane Matthews, HomeStar Brokers
Agent Phone: (503) 400-5851

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 2026-09-15 13:29:18 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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Frequently asked questions about Lancaster Dr NE
- How big is Lancaster Dr NE?Lancaster Dr NE in Salem, OR is about 0.40 acres (17,424 sq ft).
- What is the price per acre for Lancaster Dr NE?Lancaster Dr NE in Salem, OR is listed at $350,000, or about $875K per acre.
- What do residents say about the Southeast Mill Creek neighborhood?Residents describe the Southeast Mill Creek neighborhood in Salem, OR as pedestrian-friendly, dog-friendly, and well-kept. See homes for sale in Southeast Mill Creek, Salem.
- What are the closest schools to Lancaster Dr NE?The closest schools to Lancaster Dr NE in Salem, OR are Houck Middle School (rated 1/10), Miller Elementary School (rated 3/10), North Salem High School (rated 4/10).
Lancaster Dr NE, Salem, OR 97301 is a lot/land. Lancaster Dr NE is located in Southeast Mill Creek, Salem. This property is currently available for sale and was listed by RMLS (OR) on Sep 6, 2025. The MLS # for this home is MLS# 125718676.

