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Central Albany Multifamily Home for Sale

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    $1,450,000

    • 6,064 Sq Ft

    420 4th (-430 1 2) Ave SW, Albany, OR 97321

    Unique package deal opportunity! 7% cap rate w/ 2024 net income exceeding 6 figures. Closely located multifamily and single family portfolio. All properties include updates ranging from minor to major, full interior and exterior renovations. Properties low in a MUR Zoning District. Buyer to do Due Diligence on available Commercial uses for these buildings. SPECIAL OFFER: One year of complimentary

    Tim Rist DORE

    420 4th (-430 1 2) Ave SW, Albany, OR 97321

Why Live in Central Albany

Central Albany combines a classic American downtown with a rich history and diverse architecture. The Historic Carousel & Museum features hand-carved animal sculptures, while the Albany Regional Museum showcases local artifacts. Whitespires, a former Presbyterian Church, and the Monteith House, with its 19th-century tours, add to the historical charm. Monteith Riverpark offers the Dave Clark Trail along the Willamette River and hosts summer concerts. Bryant Park includes an 18-hole disc golf course and fishing spots, while Swanson Park features the COOL! Pool with waterslides and a lazy river. Henderson Park provides a tennis court and playground. The neighborhood's streets are lined with impressive homes, including American foursquares, bungalows, Colonial Revivals, and Queen Annes, mostly built around the 1920s. Downtown Albany is vibrant with skateboard shops, antique stores, theaters, and museums. The Pix Theatre and Albany Civic Theater are notable attractions. Dining options include Sybaris Bistro and Homegrown Oregon. For groceries, residents can visit North Albany IGA or Fred Meyer. Events like River Rhythms and Movies at Monteith bring the community together. Central Albany is highly walkable with bike lanes and the Albany Transit System for easy transportation. The Albany Train Station connects to Portland and Seattle, while major highways provide access to nearby cities and the Oregon coast. West Albany High School, part of the Greater Albany Public School District, is highly rated, offering college credit opportunities. The neighborhood's crime rate is lower than the national average, contributing to its appeal.

Home Trends in Central Albany, OR

Housing Trends

Median Sale Price
$169,999
Median Single Family Sale Price
$279,900
Median 2 Bedroom Sale Price
$169,999
Median 1 Bedroom Sale Price
$124,500
Average Price Per Sq Ft
$200
Number of Homes for Sale
5
Last 12 months Home Sales
12
Months of Supply
5.00
Median List Price
$234,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-23%
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