Outstanding investment opportunity! Prime location near schools and a major thoroughfare. First time on the market in 20 years with an exceptional rental history—just one vacancy in the past decade. Features include a 30-year membrane roof, fresh exterior paint (June 2026), low-maintenance ownership, and no owner-paid utilities. Below-market rents provide dependable income today with strong potential for increased returns over time.
For sale
Listed by: Smi Real Estate • PATRICK MULHERN* • Contact: Cell: 971-707-0335
$599,999
1921 Elm St SW, Albany, OR 97321
7beds
4baths
3,232sqft
Quadruplex
Built in 1965
-- sqft lot
$-- Zestimate®
$186/sqft
$-- HOA
What's special
Fresh exterior paint
- 48 days |
- 315 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
PATRICK MULHERN* Cell:971-707-0335,
Smi Real Estate
Source: WVMLS,MLS#: 842959
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Dining room
- Features: Area (Combination)
Heating
- Natural Gas, Wall Furnace
Cooling
- Window Unit(s)
Appliances
- Included: Built-In Range, Gas Range, Refrigerator
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,232
- Total interior livable area: 3,232 sqft
Property
Features
- Patio & porch: Patio
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,583 Square Feet
- Features: Common Area
Details
- Parcel number: 00144176
- Zoning: RM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Lap Siding
- Foundation: Slab
- Roof: See Remarks
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Schultz Fron Add to S Alb
Location
- Region: Albany
Financial & listing details
- Price per square foot: $186/sqft
- Tax assessed value: $632,340
- Annual tax amount: $4,729
- Price range: $600K - $600K
- Date on market: 7/2/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,VA Loan,FHA,ODVA,1031 Exchange
Estimated market value
Not available
Estimated sales range
Not available
$2,710/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Listed for sale | $599,999+150.1%$186/sqft |
Source:  WVMLS #842959 Report a problem | ||
| 6/19/2010 | Listing removed | $239,900$74/sqft |
Source: SMI Commercial Real Estate, LLC Report a problem | ||
| 5/20/2010 | Listed for sale | $239,900+38.5%$74/sqft |
Source: SMI Commercial Real Estate, LLC Report a problem | ||
| 1/3/2007 | Sold | $173,225$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,729 +3% | $237,640 +3% |
| 2024 | $4,592 +2.9% | $230,720 +3% |
| 2023 | $4,462 +1.6% | $224,000 +3% |
| 2022 | $4,391 | $217,480 +3% |
| 2021 | -- | $211,150 +3% |
| 2020 | $4,077 +2.4% | $205,000 +3% |
| 2019 | $3,982 +2.7% | $199,030 +3% |
| 2018 | $3,879 | $193,240 +3% |
| 2017 | $3,879 +3% | $187,620 +3% |
| 2016 | $3,766 +7.3% | $182,160 +3% |
| 2015 | $3,510 +1.9% | $176,860 +3% |
| 2014 | $3,445 +6.6% | $171,710 +3% |
| 2013 | $3,231 +1170.2% | $166,710 +12.3% |
| 2012 | $254 -90% | $148,390 |
| 2011 | $2,543 -5.3% | $148,390 -3.6% |
| 2010 | $2,684 -9.8% | $153,950 -7.4% |
| 2009 | $2,976 | $166,249 +3% |
| 2008 | $2,976 +1.6% | $161,408 +3% |
| 2007 | $2,928 +11.4% | $156,708 +3% |
| 2006 | $2,629 +2.4% | $152,145 +3% |
| 2005 | $2,568 +2.1% | $147,715 +3% |
| 2004 | $2,514 +2.8% | $143,413 +3% |
| 2003 | $2,445 | $139,237 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97321
Nearby schools
GreatSchools rating
- 8/10Liberty Elementary SchoolGrades: K-5Distance: 0.3 mi
- 5/10Memorial Middle SchoolGrades: 6-8Distance: 0.1 mi
- 8/10West Albany High SchoolGrades: 9-12Distance: 0.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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