1921 Southwest Elm Street

Sold 8/28/26

Listed by PATRICK MULHERN - SMI REAL ESTATE - C: (971) 707-0335

Sold

Last Sold Price

$551,938

7 beds4 baths3,232 sqft

1921 SW Elm St, Albany, OR 97321

Multi FamilyProperty Type

0.22 acresLot Size

1965Year Built

$171/sq ftPrice per sq ft

Description

Outstanding investment opportunity! Prime location near schools and a major thoroughfare. First time on the market in 20 years with an exceptional rental history—just one vacancy in the past decade. Features include a 30-year membrane roof, fresh exterior paint (June 2026), low-maintenance ownership, and no owner-paid utilities. Below-market rents provide dependable income today with strong potential for increased returns over time.Outstanding investment opportunity! Prime location near schools and a major thoroughfare. First time on the market in 20 years with an exceptional rental history—just one vacancy in the past decade. Features include a 30-year membrane roof, fresh exterior paint (June 2026), low-maintenance ownership, and no owner-paid utilities. Below-market rents provide dependable income today with strong potential for increased returns over time.

Listed by: PATRICK MULHERN 503.390.6060 patrick@smire.com Brokerage DRE #200408207 • SMI REAL ESTATE

Listing closed: 08/28/2026 12:00 AM • Source: Willamette Valley MLS, MLS#: 842959

Get preapproved with Rocket Mortgage¹

Location

Listing Courtesy of SMI REAL ESTATE

Sold By SILVER RIDGE REALTY

Add your commute

Payment Calculator

Get preapproved with Rocket Mortgage¹

$3,341 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,947

Property Taxes

$394

HOA Dues

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Property Information for 1921 Southwest Elm Street

Property Details

Taxes: $4,729 / year
MLS Type: Residential Income / Quadruplex
County: Linn County
Subdivision Name: Schultz Fron Add to S Alb
Zoning: RM
Zoning Description: RM

Building Information

Residences: 4
Year Built: 1965
Lot Size: 0.22 AC / 9,583 SF

Summary

Location and General Information

Carrier Route: C003
Cross Street: 20th Ave SW

Directions: Hwy 99E to SW Queen Ave. West on Queen to SW Elm St. South on Elm to 20th. Property is on the NEC of Elm and 20th
Latitude: 44.622026
Longitude: -123.11359

Taxes and HOA

Tax Annual Amount: $4,729.00
Tax Block: 3

Tax Lot: 78
Tax Year: 2025

Property

Lot Information

Lot Size Acres: 0.22

Property and Assessments

Living Area: 3232.0
Property Sub Type: Quadruplex

Property Type: Residential Income
Year Built: 1965

Building Features

Property Name: 1921 SW Elm St Albany
Construction Materials: Lap Siding

Foundation Details: Slab

Utilities

Sewer: Public Sewer
Water Source: Public

Interior and Exterior Features

Exterior Features

Patio And Porch Features: Patio

Interior Features

Appliances: Refrigerator, Gas Range
Total Bathrooms: 4

Total Bedrooms: 7
Cooling: Window Unit(s)
Has Cooling: Yes
Heating: Natural Gas
Has Heating: Yes
Flooring: Carpet
Interior Features: High Speed Internet
Has Spa: No

Multi Family

Multi Family Information

Number Of Units Total: 4

Unit Information

Unit 1

Type: 1 Bedroom
Beds Total: 1

Baths Total: 1

Unit 2

Type: 2 Bedroom
Beds Total: 2

Baths Total: 1

Unit 3

Type: 2 Bedroom
Beds Total: 2

Baths Total: 1

Unit 4

Type: 2 Bedroom
Beds Total: 2

Baths Total: 1

Property History for 1921 Southwest Elm Street

Date	Event & Source	Price	Appreciation
Aug 28, 2026	Sold Willamette Valley MLS #842959	$551,938	—
Jul 29, 2026	Sold (Public Record) Public Record #1947855334	$551,938	—
Jul 29, 2026	Sold (Public Record) Public Record #151007604	$551,938	+6.1% / yr
Jul 13, 2026	In Contract Willamette Valley MLS #842959		—
Jul 1, 2026	Listed (Active) Willamette Valley MLS #842959	$599,999	—
Jun 16, 2010	Withdrawn RMLS #9046914		—
Jun 16, 2009	Listed (Active) RMLS #9046914	$249,900	—
Dec 27, 2006	Sold (Public Record) Public Record #211488705	$173,225	—

Date	Event & Source	Price
08/28/2026	Sold Willamette Valley MLS #842959	$551,938
07/29/2026	Sold (Public Record) Public Record #1947855334	$551,938
07/29/2026	Sold (Public Record) Public Record #151007604	$551,938 +6.1% / yr
07/13/2026	In Contract Willamette Valley MLS #842959	—
07/01/2026	Listed (Active) Willamette Valley MLS #842959	$599,999
06/16/2010	Withdrawn RMLS #9046914	—
06/16/2009	Listed (Active) RMLS #9046914	$249,900
12/27/2006	Sold (Public Record) Public Record #211488705	$173,225

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1921 Southwest Elm Street

Taxable ValueLand-Additions-Total-

Tax Record2025$4,729 ($394 / month)

Home Facts

Baths3.5Total Finished SqFt3,232 SqFtAbove Grade Finished SqFt3,232 SqFtStories1Lot Size9,583 SqFtStyleQuadraplexYear Built1965Year Renovated1965ZoningRMCountyLINNAPN0144176

Schools near 1921 Southwest Elm Street

This home is within Greater Albany Public School District 8j.


Rating	School	Type	Grades	Distance
8/10	Liberty Elementary School	Public - Serves this home	K to 5	0.3 mi
5/10	Memorial Middle School	Public - Serves this home	6 to 8	0.1 mi
8/10	West Albany High School	Public - Serves this home	9 to 12	0.2 mi
1/10	Albany Options School	Public - Choice school	9 to 12	1.0 mi
NR	Livingwater Christian Assembly	Private - Nearby school	K to 11	0.2 mi
NR	St Mary Elementary School	Private - Nearby school	PK to 8	0.7 mi


Rating	School	Distance
8/10	Liberty Elementary School PublicK to 5 Serves this home	0.3 mi
5/10	Memorial Middle School Public6 to 8 Serves this home	0.1 mi
8/10	West Albany High School Public9 to 12 Serves this home	0.2 mi
1/10	Albany Options School Public9 to 12 Choice school	1.0 mi
NR	Livingwater Christian Assembly PrivateK to 11 Nearby school	0.2 mi
NR	St Mary Elementary School PrivatePK to 8 Nearby school	0.7 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 97321

1/44

$550,000

3
Bedrooms: 2
Bathrooms: 1,255
Square Feet: 0.4
Acres

724 Northeast South Nebergall Loop, Albany, OR 97321

Active Under Contract

$615,000

3
Bedrooms: 2
Bathrooms: 1,896
Square Feet: 0.2
Acres

1602 Northwest Sarah Avenue, Albany, OR 97321

$1,045,000 | 39129 Groshong Road Northeast, Albany, OR 97321

1/48

Virtual Tour

$1,045,000

3
Bedrooms: 3
Bathrooms: 2,335
Square Feet: 21.79
Acres

39129 Groshong Road Northeast, Albany, OR 97321

1/50

$674,900

3
Bedrooms: 3
Bathrooms: 2,904
Square Feet: 0.46
Acres

2665 Vista Place, Albany, OR 97321

1/18

$674,900

Unavailable
Bedrooms: 1
Bathrooms: 8,900
Square Feet: 0.43
Acres

1099 Southwest Queen Avenue, Albany, OR 97321

$950,000 | 3457 Northwest Terrace Drive, Albany, OR 97321

1/43

Virtual Tour

$950,000

4
Bedrooms: 4
Bathrooms: 3,084
Square Feet: 0.5
Acres

3457 Northwest Terrace Drive, Albany, OR 97321

$950,000 | 3457 Terrace Drive, Albany, OR 97321

1/43

Virtual Tour

$950,000

4
Bedrooms: 4
Bathrooms: 2,304
Square Feet: 0.5
Acres

3457 Terrace Drive, Albany, OR 97321

1/44

$489,000

3
Bedrooms: 2
Bathrooms: 1,512
Square Feet: 0.32
Acres

1221 Northeast Cloverdale Drive, Albany, OR 97321

1/34

$485,000

3
Bedrooms: 2
Bathrooms: 1,568
Square Feet: 0.15
Acres

2687 Northwest Sunny Lane, Albany, OR 97321

Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 1921 Southwest Elm Street, Albany, OR 97321	$551,938	7	4	3,232	9,583
1915 Southwest Elm Street, Albany, OR 97321	$85,500	2	1	1,028	4,792
927 20th Avenue Southwest, Albany, OR 97321	$92,000	3	1	1,204	5,227
950 19th Avenue Southwest, Albany, OR 97321	$96,000	2	1	1,008	4,792
940 19th Avenue Southwest, Albany, OR 97321	$315,000	3	1	998	5,227
972 20th Avenue Southwest, Albany, OR 97321	$335,000	3	1	1,190	4,791
930 19th Avenue Southwest, Albany, OR 97321	$88,000	2	1	1,032	5,227
955 19th Avenue Southwest, Albany, OR 97321	–	–	2	1,827	8,276
934 20th Avenue Southwest, Albany, OR 97321	$320,000	3	1	992	5,050
2017 Southwest Elm Street, Albany, OR 97321	–	3	1	992	4,792
920 19th Avenue Southwest, Albany, OR 97321	$111,200	2	1	768	5,227
935 19th Avenue Southwest, Albany, OR 97321	$108,000	2	1	800	4,792
926 20th Avenue Southwest, Albany, OR 97321	–	3	1	992	5,227
925 19th Avenue Southwest, Albany, OR 97321	$256,500	3	2	1,088	4,792
910 20th Avenue Southwest, Albany, OR 97321	–	–	1	735	5,227
910 19th Avenue Southwest, Albany, OR 97321	–	2	1	768	5,227

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SMI REAL ESTATE

Based 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. WVMLS IDX provided by Gregg Lane, Coldwell Banker Bain.

Know your buying power with a preapproval and custom rate in minutes

Explore Nearby Homes

Homes in Nearby West Albany Neighborhoods

Homes in Nearby West Albany Cities

Homes in Nearby West Albany Zip Codes