Sold for $551,938

Listed by: Smi Real Estate • PATRICK MULHERN • Contact: Cell: 971-707-0335

Bought with: Silver Ridge Realty

$551,938

1921 Elm St SW, Albany, OR 97321

7beds

4baths

3,232sqft

Quadruplex

Built in 1965

-- sqft lot

$-- Zestimate^®

$171/sqft

$4,077 Estimated rent

Home value

Not available

Estimated sales range

Not available

$4,077/mo

Zestimate^® history

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$3,512/mo

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What's special

Fresh exterior paint

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.

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: $171/sqft
Tax assessed value: $632,340
Annual tax amount: $4,729
Price range: $551.9K - $551.9K
Date on market: 7/2/2026
Listing agreement: Exclusive Right To Sell
Listing terms: FHA,VA Loan,Cash,ODVA,Conventional,1031 Exchange

Price history

Date	Event	Price
8/28/2026	Sold	$551,938-8%$171/sqft
Source: WVMLS #842959 Report a problem
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