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    771 21St St SE Salem, OR 97301

    For Sale
    $575,000

    4-Plex - Salem, OR

    Property size:
    2,282 SF
    Lot size:
    0.13 Acres
    Days on Market:
    13
    Last Refresh:
    Dec 11 at 10:06 am

    Property Features for 771 21St St SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    APN
    583175
    Interior features
    Handicap Amenities
    Exterior features
    Fenced Yard, Landscaping
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Dishwasher, Washer
    Size
    2,282 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Wall Furnace

    Building Details

    Year built
    1925
    Number of units
    4
    Flooring type
    Vinyl
    Roof type
    Composition
    Architectural style
    Other

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

    Listing agent JOE SKIPPER (888) 814-9613

    Listing date Nov 29, 2025

    MLS# 832217 Listing URL

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

    Overview

    Salem 4-Plex Investor Opportunity

    This detached 4-plex in central Salem presents an investor opportunity. The property features four 1-bedroom, 1-bath units, each with a private entrance, electric meter, and water heater. The original home was extensively remodeled and partially rebuilt in 1990–91, combining character with modern updates. Recent improvements include a newer roof (approximately 5–10 years old), updated water heaters, and new flooring. Ongoing maintenance reflects pride of ownership. The lot size is 0.13 acres, and 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
    -123.0190361
    Latitude
    44.9286828

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    FAQs

    What type of property is this?
    Quadplex - Four 1-bedroom units with potential to assume FHA mortgage!
    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: - Opportunity to assume FHA mortgage at **2.75%**.; - Detached 4-plex with four individual 1-bedroom, 1-bath units.; - Each unit has a private entrance, electric meter, and water heater.
    (888) 814-9613
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    771 21St St SE Salem, OR 97301
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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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