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$575,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds

Listed By: JOE. SKIPPER | Exp Realty, Llc | (503) 577-8853 and CHRISTINA. SKIPPER | Exp Realty, Llc | (503) 504-7654 | 503-577-8853

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4 plex investor opportunity in central Salem with potential to assume FHA mortgage at 2.75%! This detached 4-plex offers four 1-bedroom, 1-bath units-each with its own private entrance, electric meter, and water heater. The original home was extensively remodeled and partially rebuilt in 1990-91, blending character with modern updates.Recent improvements include a newer roof (approx. 5-10 years old), updated water heaters, new flooring, and ongoing maintenance that shows pride of ownership.

Full Property Details for 771 21st St SE

General

  • Price: $575,000
  • Taxes: $3,376 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: WVMLS
  • MLS ID: 832217
  • Updated: 11/29/2025
  • Added to Site: 169 day(s) ago

Interior

  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Location

  • County: CENTRAL SALEM
  • Subdivision: J Meyers Add to Salem
  • Driving Directions: State Street to 21st St SE.

School Information

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

Heating & Cooling

  • Heating Type: Wall Furnace
  • Heating Fuel: Wall Furnace
  • Water Heater: Electric

Utilities

  • Sewer: City
  • Water: City

Structural Information

  • Roof: Composition
  • Square Feet: 2,282
  • Year Built: 1925

Unit Information

  • Units in Building: 4
  • Units w/Refrigerators: 31378

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Level: Fidelity
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Square Feet: 1

Unit 6

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.13
  • Zoning: RM2
  • Lot Description: 6

Financial Considerations

  • Price Per Sq. Ft.: $251.97
  • Price Per Acre: $4,423,076.92
  • Assessment Year: 1925
  • Tax Amount: $3,376
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 6

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NMLS#: 1598647

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Schools serving 771 21st St SE

School District:Salem-Keizer School District 24j
NameGradesDistance
Richmond Elementary School
466 Richmond Avenue Southeast, Salem, OR 97301
K-50.3 mi
Leslie Middle School
3850 Pringle Road Southeast, Salem, OR 97302
6-82 mi
South Salem High School
1910 Church Street Southeast, Salem, OR 97302
9-121.1 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 771 21st St SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/27/2025
Price Reduced
$575,000
-4.17%
MLS
9/09/2025
Price Reduced
$600,000
-4%
MLS
8/04/2025
Listed
$625,000
48.9%
MLS
2/03/2022
Sold
$419,750
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 771 21st St SE

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,376
3%
$171,950
3%
2023
$3,277
6%
$166,950
6%
2021
$3,094
-3%
$157,370
-3%
2022
$3,185
6%
$162,090
6%
2020
$3,004
7%
$152,790
3%
2019
$2,811
-2%
$148,340
3%
2018
$2,861
11%
$144,020
3%
2017
$2,582
5%
$139,830
3%
2016
$2,460
1%
$135,760
3%
2015
$2,433
9%
$131,810
6%
2014
$2,236
15%
$123,860
16%
2013
$1,942
—
$106,390
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Price Reduced near 771 21st St SE

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7009 Nottingham Dr NE, Keizer, OR 97303 - Photo 1 Price Reduced
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Listed By: MICHAEL. WRIGHT | Re/Max Integrity - Salem
Sold by NOM. NON-MEMBER SALE | Non-Member Sale

771 21st St SE, Salem, OR 97301 (MLS# 832217) is a Multi-Family property with 4 units containing 4 bedrooms and 0 full bathrooms. 771 21st St SE is currently listed for $575,000 and was received on August 04, 2025. Want to learn more about 771 21st St SE? 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.

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