5198 Skyline Rd S - Multi-Family FOR SALE


Salem, OR 97306- Sunnyslope
$529,900 USD
503-983-4405
5198 Skyline Rd S, Salem, OR for Sale
$529,900 USD
Multi-Family - FOR SALE
1/48
null | Request Cap Rate

5198 Skyline Rd S
Salem, OR 97306
Sunnyslope


HIGHLIGHTS

  • Easy access to I5 and downtown Salem
  • Zoned for Multi Family residential
  • Utilities are accessible with power and city water to the property, sewer and stormwater nearby
  • Add income producing units, subdivide, or hold for future appreciation, this is a rare find with endless potential in an unbeatable location
  • Development possibilities from duplexes, triplexes, and fourplexes to larger multi unit complexes, with potential density of up to 31 units per acre

OVERVIEW

Set on nearly an acre in South Salem. This inviting single level home offers 3 bedrooms, 2 bathrooms, and nearly 2000 sqft of living space. City water and septic system. A second well for irrigation, perfect for maintaining the lush, mature landscaping. Towering fir, sequoia, and pine trees provide shade and privacy, while numerous fruit trees, raised garden beds, and established greenery create a serene, park like setting.The location is ideal for everyday living, with top rated schools, major medical offices, and public transit nearby, plus quick access to I5 and downtown Salem. Beyond the lifestyle appeal, this property offers exceptional long term value. Zoned MultiFamily Residential, it supports a range of development possibilities from duplexes, triplexes, and fourplexes to larger multi unit complexes, with potential density of up to 31 units per acre. Utilities are readily available with power and city water onsite, and sewer and stormwater nearby. Whether you choose to add income producing units, subdivide, or hold for future appreciation, this is a rare find combining comfort today with opportunity tomorrow.Please do not enter the property without an appointment.

FOR SALE DETAILS

PRICE

$529,900 USD

PRICE/SF

$266 USD /SF

# OF UNITS

1

PRICE/UNIT

$529,900

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

RM2

APN/PARCEL ID

532432

ASK ABOUT THIS PROPERTY

Mark ShadrinBerkshire Hathaway Real Estate ProfessionalsMore Info
503-983-4405

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Mark ShadrinBerkshire Hathaway Real Estate ProfessionalsMore Info
503-983-4405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.