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    771 21St St SE Salem, OR 97301

    New
    For Sale
    $575,000

    MULTI_FAMILY - Salem, OR

    Property size:
    2,282 SF
    Lot size:
    0.13 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 771 21St St SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM2
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    4
    APN
    583175
    Size
    2,282 SF
    Lot size
    0.13 Acres

    Building Details

    Year built
    1925
    Floors in Building
    2
    Number of units
    4
    Roof type
    Composition

    EXP REALTY LLC (888) 814-9613 [email protected]

    Listing agent Joe Skipper (888) 814-9613

    Listing date Dec 3, 2025

    MLS# 245194097 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Four-Unit Multifamily Property

    This detached four-unit multifamily property is located near downtown Salem, Oregon, with convenient access to public transit and local colleges. Each unit features one bedroom and one bathroom, along with private entrances, individual electric meters, and separate water heaters. The property was significantly remodeled and partially rebuilt in the early 1990s, with ongoing updates implemented over the years. Recent improvements include updated water heaters and newer flooring. A 2022 inspection indicated that the roof has an estimated 30-year life. Shared amenities include off-street parking for each unit, on-site coin laundry facilities, and a fully fenced backyard courtyard. The lot size is 0.13 acres. The property's zoning is RM2. The property size is 2282 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.01908
    Latitude
    44.928675

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property near downtown Salem with recent updates.
    Where is this quadplex located?
    The property is located at 771 21St St SE Salem, OR.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Potential to assume an FHA mortgage at a 2.75% interest rate (buyer to verify with lender).; - Detached 4-unit property near downtown Salem, public transit, and local colleges.; - Each unit has 1 bedroom and 1 bathroom with private entrances.
    (888) 814-9613
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    Salem, OR 97301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    771 21St St SE Salem, OR 97301
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