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$550,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 2 days ago

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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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.

Full Property Details for 771 21st St SE

General

  • Price: $550,000
  • Taxes: $3,638 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: WVMLS
  • MLS ID: 841069
  • Updated: 5/15/2026
  • Added to Site: 4 day(s) ago

Interior

  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Exterior

  • Color: Beige

Location

  • County: CENTRAL SALEM
  • Driving Directions: Mission St to 21st St

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

Unit 1

  • Square Feet: 660
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Square Feet: 558
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Square Feet: 614
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Square Feet: 450
  • Level: Fidelity
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Square Feet: 1

Unit 6

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 614
  • Frontage Feet: 558
  • Lot Description: 6

Financial Considerations

  • Price Per Sq. Ft.: $241.02
  • Price Per Acre: $4,230,769.23
  • Assessment Year: 1925
  • Tax Amount: $3,638
  • Tax Year: 2025

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 ATTOM Data Solutions 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
5/14/2026
Listed
$550,000
31.03%
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
2025
$3,638
8%
$177,100
3%
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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7077 Ridgemont Dr N, Keizer, OR 97303 - Photo 1 Price Reduced
-$12,000 (-2.67%)
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7077 Ridgemont Dr N  Keizer, OR 97303

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7066 Ridgemont Dr N, Keizer, OR 97303 - Photo 1 Price Reduced
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Recent Sales near 771 21st St SE

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1795 Court St NE, Salem, OR 97301 - Photo 1 Sold
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1196 Chemeketa St NE  Salem, OR 97301

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771 21st St SE, Salem, OR 97301 (MLS# 841069) is a Multi-Family property with 4 units containing 4 bedrooms and 0 full bathrooms. 771 21st St SE is currently listed for $550,000 and was received on May 14, 2026. 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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