771 21st St SE

Salem, OR 97301

$575,000
Price
—
Beds
—
Baths
2,282 Sq. Ft.
$252 / Sq. Ft.
2,282
Sq. Ft.
$252
per Sq. Ft.

Description

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...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. Seller is related to listing agent.
  1. Listed by Joe Skipper • eXp Realty, LLC • 503-577-8853
  2. Listed by Christina Skipper • eXp Realty, LLC

Property Details for 771 21st Street Southeast

Parking Features
Off Street, On Street
Zoning
RM2
Garage Spaces
.00
Parking Total
4.00
LISTING UPDATED: 02/07/2026 12:20 AM

Property Details for 771 21st Street Southeast

StatusActive
MLS #245194097
Days on Market186
Taxes$3,376 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1925
Lot Size0.13 AC / 5,662 SF
CountyMarion County

Location

Listing Courtesy of eXp Realty, LLC
Add your commute

Building Information for 771 21st Street Southeast

Stories2Residences4Year Built1925Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$3,084 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,802

Property Taxes

$281

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 771 21st Street Southeast

Summary
Location and General Information
  • Country: US
  • Directions: Mission St to 21st St SE
  • Road Surface: Concrete
School Information
  • Elementary School: Richmond
  • High School: South Salem
  • Middle Or Junior School: Leslie
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $3,376.13
  • Parcel Number: 583175
  • Tax Legal Description: J MYERS ADD SALEM LOT 6 BLK 2
Property
Lot Information
  • Acres: 0.13
  • Lot Description: Commons, Level, Public Road
  • Lot Size Square Feet: 5662.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1925
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $52,130.00
  • Gross Rent Multiplier: $11.03
  • Investor Information: According To Owner
  • Net Income Actual: $32,584.00
  • Operating Expense: $17,466.00
  • Security Features: Sidewalk
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • Common Amenities: Commons, Laundry
  • SqFt Approximate Building Total: 2282
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Dishwasher
  • Unit Type 1 Rent: $1,150
  • Unit Type 1 SqFt: 660.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Dishwasher
  • Unit Type 2 Rent: $1,100
  • Unit Type 2 SqFt: 614.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Dishwasher
  • Unit Type 3 Rent: $1,095
  • Unit Type 3 SqFt: 450.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Features: Dishwasher
  • Unit Type 4 Rent: $995
  • Unit Type 4 SqFt: 558
  • Unit Type 4 UnitsTotal: 1

Property History for 771 21st Street Southeast

DateEvent & SourcePriceAppreciation
Feb 3, 2022

Sold (Public Record)

Public Record #1482482090

$419,750—
DateEvent & SourcePrice
02/03/2022

Sold (Public Record)

Public Record #1482482090

$419,750

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

Public Records for 771 21st Street Southeast

Taxable ValueLand-Additions-Total-
Tax Record2024$3,376 ($281 / month)
Home Facts
Total Finished SqFt2,282 SqFtAbove Grade Finished SqFt2,282 SqFtStories1Lot Size5,663 SqFtStyleQuadraplexYear Built1925Year Renovated1963ZoningRM2CountyMARIONAPN073W26DC05500

Schools near 771 21st Street Southeast

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Richmond Elementary School
Public - K to 5
Leslie Middle School
Public - 6 to 8
South Salem High School
Public - 9 to 12
Lake Labish Elementary School
Public - K to 5
Rating
School
Distance
Richmond Elementary School
PublicK to 5

Leslie Middle School
Public6 to 8

South Salem High School
Public9 to 12

Lake Labish Elementary School
PublicK to 5

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.

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More information about 771 21st Street Southeast, Salem, OR 97301

771 21st Street Southeast is a multi-family home for sale in Salem, OR 97301. This property was listed for sale on August 5, 2025 by eXp Realty, LLC, it's currently listed at $575,000. It has been on the market for a total of 186 days and was last sold on February 3, 2022. This listing's school district is Salem-Keizer School District 24j. Nearby schools include Richmond Elementary School, Leslie Middle School and South Salem High School. 771 21st Street Southeast is a 0-bed, 0-bath, 2,282 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 02/07/2026 12:20 AM