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$575,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 13 days ago
See This Home
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Charming detached 4-unit multifamily property ideally situated near downtown Salem, public transit, and local colleges. Each spacious unit features 1 bedroom, 1 bathroom, private entrance, individual electric meter, and separate water heater, offering tenants privacy and convenience. The building underwent a major remodel and partial rebuild in the early 1990s with ongoing updates, including newer water heaters, fresh flooring throughout, and a roof with an estimated 30-year remaining lifespan per 2022 inspection. 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 upon accepted offer.

Full Property Details for 771 21st St SE

General

  • Price: $575,000
  • Taxes: $3,376 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 245194097
  • Updated: 1/6/2026
  • Added to Site: 168 day(s) ago

Rental Information

  • Rent Includes: Trash Collection, Water

Additional Information

  • Security/Safety: Sidewalk

Parking

  • Total Spaces: 4
  • Parking Features: Off Street, On Street

Location

  • County: Marion
  • Driving Directions: Mission St to 21st St SE

School Information

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

Community

  • Community Name: 174 - Marion Co: Central Salem

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Heater
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 2,282
  • Year Built: 1925
  • Property Condition: Existing

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,662
  • Lot Size: 5, 000 to 6, 999 SqFt
  • Frontage: Concrete
  • Lot Features: Commons, Level, Public Road

Financial Considerations

  • Operating Expenses: $17,466
  • Tax Amount: $3,376.13
  • Tax Year: 2024
  • Terms: Assumable, Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: J MYERS ADD SALEM LOT 6 BLK 2
  • Property ID: 583175

Listed by eXp Realty, LLC (888) 814-9613, Joe Skipper (503) 577-8853 and eXp Realty, LLC (888) 814-9613, Christina Skipper (503) 504-7654

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Listing agents

— 771 21st St SE —

  • Joe Skipper

    eXp Realty, LLC

    888-814-9613

  • Christina Skipper

    eXp Realty, LLC

    888-814-9613

503-577-8853

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Get a Great Insurance Rate

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

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
8/05/2025
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.

Estimate the Cost for 771 21st St SE

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NMLS#: 1598647

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Listed by eXp Realty, LLC (888) 814-9613, Joe Skipper (503) 577-8853 and eXp Realty, LLC (888) 814-9613, Christina Skipper (503) 504-7654

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Price Reduced near 771 21st St SE

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4030 Hennessy Ln NE, Keizer, OR 97303 - Photo 1 Price Reduced
-$10,000 (-2.13%)
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4030 Hennessy Ln NE  Keizer, OR 97303

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4911 15th Ave N, 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# 245194097) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 771 21st St SE is currently listed for $575,000 and was received on August 05, 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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