$600,000
$25K PRICE DROP

771 21st St SE Salem, OR 97301

Southeast Salem Neighborhood

Estimated payment $3,450/month

Total Views 3,135
4 Beds
4 Baths
2,282 Sq Ft
$263 Price per Sq Ft

Highlights

  • Fenced Yard
  • Luxury Vinyl Plank Tile Flooring
  • High Speed Internet
  • Landscaped
  • Laundry Facilities
  • 3-minute walk to Lee Park

About This Home

4 plex investor opportunity in central Salem with potential to assume FHA mortgage at 2.75%! This detached 4-plex offers four 1-bedroom, 1-bath units—each with its own private entrance, electric meter, and water heater. The original home was extensively remodeled and partially rebuilt in 1990–91, blending character with modern updates.Recent improvements include a newer roof (approx. 5–10 years old), updated water heaters, new flooring, and ongoing maintenance that shows pride of ownership.

Listing Agent

Joe Skipper

EXP REALTY, LLC License #201220823 Listed on: 08/04/2025

EXP REALTY, LLC

Co-Listing Agent

CHRISTINA SKIPPER

EXP REALTY, LLC License #201227132

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,376

Year Built

  • Built in 1925

Lot Details

  • 5,663 Sq Ft Lot
  • Fenced Yard
  • Landscaped

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 2,282 Sq Ft Home
  • Luxury Vinyl Plank Tile Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Schools

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

Utilities

  • Wall Furnace
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 6

Community Details

Overview

  • 4 Units
  • J Meyers Add To Salem Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,376

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Syndicated Remarks: 4 plex investor opportunity in central Salem with potential to assume FHA mortgage at 2.75%! This detached 4-plex offers four 1-bedroom, 1-bath units—each with its own private entrance, electric meter, and water heater. The original home was extensively remodeled and partially rebuilt in 1990–91, blending character with modern updates.Recent improvements include a newer roof (approx. 5–10 years old), updated water heaters, new flooring, and ongoing maintenance that shows pride of ownership.
  • Cross Street: Lee Street
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Flooring: Luxury Vinyl Plank
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Laundry: Laundry Center
  • Price Per Sq Ft: 262.93
  • Price Per Sq Ft: 262.93

Exterior Features

  • Fenced Yard: Yes
  • Landscape: Yes
  • Roof: Composition
  • Siding: Wood
  • Siding Style: Lap

Utilities

  • Heating: Wall Furnace
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Sewer: City

Schools

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

Lot Info

  • Acres: 0.13
  • Estimated Lot Sq Ft: 5663
  • Flood Plain: Unknown
  • Lot: 6
  • Lot Type: Common Area
  • Price Per Acre: 4615384.62
  • Zoning: RM2
  • Property Use Type: Investment
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2024
  • Tax Account Number: 583175
  • Tax Amount: 3376

Multi Family

  • Number Of Units: 4

MLS Schools

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,376 $171,950 -- --
2023 $3,277 $166,950 $0 $0
2022 $3,090 $162,090 $0 $0
2021 $3,001 $157,370 $0 $0
2020 $3,004 $152,790 $0 $0
2019 $2,898 $148,340 $0 $0
2018 $2,861 $0 $0 $0
2017 $2,582 $0 $0 $0
2016 $2,460 $0 $0 $0
2015 $2,433 $0 $0 $0
2014 $2,236 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 Price Changed $600,000 -4.0% $263 / Sq Ft
08/04/2025 08/04/25 For Sale $625,000 +49.1% $274 / Sq Ft
02/04/2022 02/04/22 Sold $419,075 -1.4% $184 / Sq Ft
09/24/2021 09/24/21 For Sale $425,000 -- $186 / Sq Ft
Source: Willamette Valley MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $419,750 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Construction
Open $412,146 FHA
Source: Public Records

Source: Willamette Valley MLS

MLS Number: 832217

Willamette Valley MLS

APN: 583175

Oregon Marion County Salem 97301 Southeast Salem

771 21st St SE, Salem, OR

This home is located at 771 21st St SE, Salem, OR 97301 and is currently priced at $600,000, approximately $262 per square foot. This property was built in 1925. 771 21st St SE is a home located in Marion County with nearby schools including Richmond Elementary School, Leslie Middle School, and South Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS 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 Member Broker: Arlene Richardson

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Joe Skipper
Listing Agent
Joe Skipper
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EXP REALTY, LLC
(503) 461-9146