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Listed by MARK SHADRIN • BERKSHIRE HATHAWAY HOMESERVICES R E PROF • Cell: 503-983-4405

$ 550,000

Est. payment -/mo

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5198 Skyline Rd S S Salem, OR 97306

3 Beds

2 Baths

1,990 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,990 sqft

Price per Sqft $276

MLS Listing ID 827378

Bedrooms 3

Full Baths 2

Year Built 1950

Annual Tax Amount $4,122

Tax Year 2024

Lot Size 0.780 Acres

Acres 0.78

Property Sub-Type Residence

Property Description

Unlock the potential of this 0.78 acre property situated in one of South Salems most desirable neighborhoods. Surrounded by top rated schools, major medical offices, and located on bus line, this site offers excellent connectivity with easy access to I5 and downtown Salem. A strategic location for savvy investors and developers. The property is zoned for Multi Family residential, allowing for a variety of development options including duplexes, triplexes, 4 plexes, or a larger multi unit complex with a potential density of up to 31 units per acre. Utilities are accessible with power and city water to the property, sewer and stormwater nearby.The existing home is a comfortable 3 bedroom, 2 bathroom single level residence spanning approximately 1990 sqft. It's connected to city water and a private septic system, with an additional well onsite for irrigation ideal for maintaining the property. Mature fir, sequoia, pine, numerous fruit trees, raised garden beds, and lush landscaping you are buying your own private oasis. Add income producing units, subdivide, or hold for future appreciation, this is a rare find with endless potential in an unbeatable location.Please do not enter the property without an appointment. Home is occupied.

Location

State OR

County Marion

Area 50 South Salem

Rooms

Other Rooms Walk-in Pantry

Primary Bedroom Level 1/Main

Dining Room Area (Combination)

Interior

Hot Water Electric

Heating Baseboard, Gas, Zonal

Cooling Baseboard, Gas, Zonal

Flooring Carpet, Vinyl

Fireplaces Type Gas, Living Room

Exterior

Parking Features Attached

Garage Spaces 2.0

Fence Partial

View Territorial

Roof Type Composition

Garage Yes

Building

Foundation Slab

New Construction No

Schools

Middle Schools Judson

High Schools Sprague

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://youtu.be/3wuov7o1bVM

Heather Randall

EXP REALTY, LLC | Lic# 201214843

+1(971) 678-8330