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Listed by JOE SKIPPER • EXP REALTY, LLC • 503-577-8853

$550,000

Est. payment - /mo

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4 Beds

4 Baths

2,282 SqFt

New

771 21st St SE SE Salem, OR 97301

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Key Details

Property Type Multi-Family

Sub Type 4-Plex

Listing Status Active

Purchase Type For Sale

Square Footage 2,282 sqft

Price per Sqft $241

MLS Listing ID 841069

Bedrooms 4

Year Built 1925

Annual Tax Amount $3,638

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type 4-Plex

Property Description

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.

Location

State OR

County Marion

Area 20 Central Salem

Interior

Hot Water Electric

Heating Wall Furnace

Flooring Laminate

Laundry Laundry Center

Exterior

Fence Partial

Roof Type Composition

Building

Sewer City

Water City

New Construction No

Schools

Elementary Schools Richmond

Middle Schools Leslie

High Schools South Salem

Others

Acceptable Financing FHA, Federal VA, Cash, Assume Present Financing, Conventional

Listing Terms FHA, Federal VA, Cash, Assume Present Financing, Conventional

Virtual Tour https://player.vimeo.com/video/1165481494?byline=0&title=0&owner=0&name=0&logos=0&profile=0&profilepicture=0&vimeologo=0&portrait=0

Nearby Locations

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Randy Byrd

Broker | License ID: 201235026

+1(541) 570-5777