5198 Skyline Rd S, Salem, OR 97306
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
Listed by: mark shadrin
Office: berkshire hathaway homeservices real estate professionals
MLS#:547041788
Source:PORTLAND
Price summary
- Price:$499,900
- Price per sq. ft.:$251.21
About this home
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.
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Home facts
- Year built:1950
- Listing ID #:547041788
- Added:307 day(s) ago
- Updated:February 10, 2026 at 12:19 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,990 sq. ft.
Heating and cooling
- Heating:Baseboard, Zoned
Structure and exterior
- Roof:Composition
- Year built:1950
- Building area:1,990 sq. ft.
- Lot area:0.78 Acres
Schools
- High school:Sprague
- Middle school:Judson
- Elementary school:Wright
Utilities
- Water:Public Water
- Sewer:Standard Septic
Finances and disclosures
- Price:$499,900
- Price per sq. ft.:$251.21
- Tax amount:$4,442 (2025)
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