771 21st St SE, Salem, OR 97301

Salem
Local realty services provided by:Knipe Realty ERA Powered
Listed by: joe skipper, christina skipper503-577-8853
Office: exp realty, llc.888-814-9613
MLS#:841069
Source:OR_WVMLS
771 21st St SE,Salem, OR 97301
$550,000
  • - Beds
  • 4 Baths
  • 2,282 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$550,000
  • Price per sq. ft.:$241.02

About this home

Charming detached 4-unit multifamily property ideally situated near downtown Salem, public transit, and local colleges. Each unit is a 1BD/1BA (tub/shower), fridge, stove/refrigerator, private entrance, individual electric meter, and separate water heater — set up for straightforward management and tenant privacy. The building was substantially remodeled and partially rebuilt in the early 1990s with continued updates since: newer water heaters, fresh flooring throughout, and roof replaced in 2017. Residents enjoy dedicated off-street parking, on-site coin-operated laundry, and a fully fenced backyard courtyard. Excellent investment opportunity with potential to assume an attractive 2.75% FHA loan (buyer to verify with lender). Showings available by appointment only. Seller is related to listing agent.

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Home facts

  • Year built:1925
  • Listing ID #:841069
  • Added:1 day(s) ago
  • Updated:May 15, 2026 at 04:03 PM

Rooms and interior

  • Total bathrooms:4
  • Flooring:Laminate
  • Kitchen Description:Dishwasher
  • Living area:2,282 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1925
  • Building area:2,282 sq. ft.
  • Lot area:0.13 Acres
  • Lot Features:Common Area
  • Exterior Features:Partial Fenced Yard, Underground Sprinklers

Schools

  • High school:South Salem
  • Middle school:Leslie
  • Elementary school:Richmond

Utilities

  • Water:City

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$241.02
  • Tax amount:$3,638 (2025)

Features and amenities

  • Amenities:Electric Water Heater
MLS LogoBased on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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