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About This Home
This 4-bedroom, 4-bathroom residential multi family at 771 21st St SE in Salem, OR is listed for $550,000 ($241 per sqft). Built in 1925, the home offers 2,282 sqft of living space on a 0.13 acres lot.
Charming detached 4-unit multifamily property ideally situated near downtown Salem, public transit, and local colleges. Each unit is a 1BD/1BA (tub/shower), fridge, stove/refrigerator, private entrance, individual electric meter, and separate water heater — set up for straightforward management and tenant privacy.
The building was substantially remodeled and partially rebuilt in the early 1990s with continued updates since: newer water heaters, fresh flooring throughout, and roof replaced in 2017. 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 by appointment only. Seller is related to listing agent.
Key Features
- Built in 1925
- 0.13 acre lot
Property Details
Monthly Cost Estimate
$2,942/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
771 21st St SE
Salem, OR 97301
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Heating
Appliances
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 771 21st St SE is listed at $550,000 ($241/sqft). The estimated monthly payment is $2,383 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.13 acre lot. Interior Features: Handicap Amenities. Exterior Features: Partially Fenced Yard.
This property is listed by JOE SKIPPER and can be reached at 5035778853 or joe@skipperrg.com.
