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.
Sold for $850,000 on 08/01/25
Listed by:
DEWEY WHITTON Cell:503-470-7102,
The Salem Real Estate Group
Bought with: Homesmart Realty Group
$850,000
4802 Skyline Rd S, Salem, OR 97306
8beds
6baths
3,972sqft
Quadruplex
Built in 1972
-- sqft lot
$857,600 Zestimate®
$214/sqft
$1,885 Estimated rent
Home value
$857,600
$798,000 - $926,000
$1,885/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 01, 2025 at 04:00pm
Listed by:
DEWEY WHITTON Cell:503-470-7102,
The Salem Real Estate Group
Bought with:
JASON LEON
Homesmart Realty Group
Source: WVMLS,MLS#: 828584
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
Dining room
- Features: Area (Combination)
Heating
- Baseboard, Electric
Appliances
- Included: Dishwasher, Disposal, Electric Range, Range Included, Electric Water Heater
- Laundry: W/D Hookup
Features
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 3,972
- Total interior livable area: 3,972 sqft
Property
Parking
- Parking features: Lot
Features
- Exterior features: Blue
- Fencing: Fenced
- Frontage length: 88
Lot
- Size: 0.45 Acres
- Features: Irregular Lot, Landscaped
Details
- Parcel number: 531922
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- T111
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 3520
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,VA Loan,ODVA
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2025 | Sold | $850,000$214/sqft |
Source:  WVMLS #828584 Report a problem | ||
| 6/23/2025 | Contingent | $850,000$214/sqft |
Source: WVMLS #828584 Report a problem | ||
| 6/19/2025 | Listed for sale | $850,000+111.4%$214/sqft |
Source: WVMLS #828584 Report a problem | ||
| 1/12/2016 | Sold | $402,000+20.7%$101/sqft |
Source: Public Record Report a problem | ||
| 12/23/2009 | Sold | $333,000$84/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,069 +7.8% | $344,070 +3% |
| 2024 | $6,559 +3% | $334,050 +6.1% |
| 2023 | $6,366 +2.9% | $314,890 |
Find assessor info on the county website
Neighborhood: Sunnyslope
Nearby schools
GreatSchools rating
- 7/10Schirle Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10Crossler Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Sprague High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Liberty
- Middle: Crossler
- High: Sprague
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$857,600
2% more+ $17,152
With Zillow Showcase(estimated)
$874,752