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Listed by eXp Realty, LLC • 503-577-8853
$575,000
Est. payment /mo
2,282 SqFt
Active
771 21ST ST SE Salem, OR 97301
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,282 sqft
Price per Sqft $251
MLS Listing ID 245194097
HOA Y/N No
Year Built 1925
Annual Tax Amount $3,376
Tax Year 2024
Lot Size 5,662 Sqft
Property 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 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.
Location
State OR
County Marion
Community Commons, Laundry
Area _174
Zoning RM2
Interior
Heating Wall Heater
Cooling None
Exterior
Community Features Commons, Laundry
Roof Type Composition
Garage No
Building
Lot Description Commons, Level, Public Road
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Richmond
Middle Schools Leslie
High Schools South Salem
Others
Acceptable Financing Assumable, Cash, Conventional, FHA, VALoan
Listing Terms Assumable, Cash, Conventional, FHA, VALoan

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