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$850,000
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Property Description
Prime investment opportunity in South Salem! This 4-plex offers four spacious 993 sq ft units, each with a comfortable layout and solid rental history. Ideal for expanding your portfolio or starting out with income-producing property in a high-demand area. Convenient access to shopping, schools, and commuter routes adds to long-term rental appeal.
Full Property Details
Full Property Details for 4802 Skyline Rd S
General
- Sold For: $850,000
- Status: Closed
- Type: Multi-Family
- Source: WVMLS
- MLS ID: 828584
- Added to Site: 255 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 8
Exterior
- Color: Blue
Location
- County: SOUTH SALEM
- Driving Directions: South on Commercial St SE from downtown; right onto Liberty Rd S; righto onto Skyline: property on the left (across from Joseph St).
School Information
- Elementary School: Liberty
- Middle School: Crossler
- High School: Sprague
Heating & Cooling
- Heating Type: Electric, Baseboard
- Heating Fuel: Electric, Baseboard
- Water Heater: Electric
Utilities
- Sewer: City
- Water: City
Structural Information
- Roof: Composition
- Square Feet: 3,972
- Year Built: 1972
Unit Information
- Units in Building: 4
Unit 1
- Square Feet: 993
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 2
- Square Feet: 993
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 3
- Square Feet: 993
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 4
- Square Feet: 993
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 5
- Square Feet: 2
Unit 6
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.45
- Lot Size (Sq. Ft.): 993
- Frontage Feet: 993
- Zoning: RM2
- Lot Description: 3
Financial Considerations
- Price Per Sq. Ft.: $214
- Price Per Acre: $1,888,888.89
- Assessment Year: 1972
- Assessment Amount: $88
Disclosures and Reports
- Block: Ryan Rasmussen
- Lot Number: 3
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Schools
Schools serving 4802 Skyline Rd S
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Schirle Elementary School 4875 Justice Way South, Salem, OR 97302 | K-5 | 0.4 mi |
Crossler Middle School 1155 Davis Road South, Salem, OR 97306 | 6-8 | 0.8 mi |
Sprague High School, Salem, OR 2373 Kuebler Boulevard, Salem, OR 97302 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4802 Skyline Rd S
Date
Details
Price
Change
Source
8/01/2025
Sold
$850,000
—
MLS
6/19/2025
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4802 Skyline Rd S, Salem, OR 97302 (MLS# 828584) is a Multi-Family property that was sold at $850,000 on August 01, 2025. Want to learn more about 4802 Skyline Rd S? Do you have questions about finding other Multi-Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

