$799,900
530 34th (-536) Ave SE, Albany, OR 97322
4 unit property in S Albany. Townhouse style units. One unit is larger with 3 bed/1.5 bath, the other 3 units are 2bed/1bath. All parking located behind the unit. Units have W/D hook ups. 530 was remodeled in the last year, the other units have been within the last 6 years. Roof is 13 years old. Room to grow and a great area to invest or owner occupy!
Katy Rosecrans SMI REAL ESTATE
Explore Albany
$520,000
2000 Thurston St SE, Albany, OR 97322
Convenient location with great rental history. Washer & dryer hook ups. Gas forced air heat, vinyl windows. 2000 has a 17+ year tenant. Nice size fenced yards. owner pays water and sewer.
Doug Burton RE/MAX INTEGRITY ALBANY BRANCH
$405,000
211 30th Place SE, Albany, OR 97322
Cul-de-sac location. Nice floorplan with singe garages for ample storage or parking. Nice sized fenced back yards. Forced air heating. Long term tenant at 213.
Doug Burton RE/MAX INTEGRITY ALBANY BRANCH
$450,000
3236 Lyon (& 3238) St SW, Albany, OR 97322
Two homes, one lot! Each 2 bed, 1 bath home w/ ~800+ sq ft, a 1-car garage, vinyl windows, and zonal heating. Rear home freshly updated and vacant w/ LVP flooring, stainless appliances, resurfaced tub. Front home features a brand-new roof and great long-term tenant. Many options: ideal investment, multigen living, or owner occupy + supplemental rental income. Located near the new YMCA in Albany,
Michael Krasilovsky RE/MAX INTEGRITY CORVALLIS BRANCH
$630,000 Open Sun 4:30PM - 6:30PM
2988 Clearwater Dr NE, Albany, OR 97321
Beautifully crafted in 2020, this single-level home in Albany offers over 2100 sq ft with 4 bedrooms, 2 bathrooms, and a versatile den/office space. The open floor plan highlights quartz countertops, stainless steel appliances, and a cozy gas fireplace leaving you opportunity for both entertainment and relaxation. With a level back yard ready for your own personal landscaping touch, your
VANDON HAUGEN Rhettro Real Estate LLC
$485,000
2801 Raleigh Ct SE, Albany, OR 97322
Great investment or multi-generational living opportunity! This duplex offers a spacious 2 bed/1.5 bath unit with yard and a 1 bed/1 bath unit with large patio. Each side features large bedrooms, inside utility room, eat-in kitchen, and single-car garage. New roof installed June 2025. Unit 2803 has fresh paint, new flooring, light fixtures and updated windows (July 2025). Both units have roomy
Joyce Stringer STRINGER REAL ESTATE LLC
$430,000
838 Takena St SW, Albany, OR 97321
Charming and multi functional! Tons of updates on huge corner lot. Versatile living space for single living space, multi gen living or owner occupy plus rental. Fully fenced yard and tons of space for toys and tools. Close to downtown, schools and shopping. Refer to MLS#831977
Katie Slayden CONNECTED REAL ESTATE GROUP
$450,000
2448 SE Sherman St (2450) St, Albany, OR 97322
If owner occupied purchase needs only 30 day notice! All the hard work has been done! These 2 bed, 1 bath units have just been updated with new LVP flooring, carpet in bedrooms, kitchen & bath countertops, vinyl windows and interior paint. Ample parking in the driveway, 2 designated space and a 1 car garage with washer/dryer hookups. Set back off the street for some privacy. Owner pays for
Janel Hoffmann JMG JASON MITCHELL GROUP
$390,000
3711 Earl Ave NE, Albany, OR 97322
Ideal Duplex Investment Opportunity – Proven Performance, Prime Location in Albany's Opportunity Zone.This well-maintained duplex is an ideal opportunity for first-time investors or those looking to expand their portfolio. With long-term tenants in place and a consistent 0% vacancy rate for years , this property offers reliable, turn-key income from day one. Each unit features 2 bedrooms and 1
Michael Jester EXP REALTY, LLC
$1,350,000
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
$1,950,000
1127 SE 6th Ave, Albany, OR 97321
Prime Investment: The Station features 11 trendy units, boasting a projected $212,000 in gross income and $166,565 NOI. Extensive upgrades including electrical, plumbing, HVAC, windows, siding, kitchens bathrooms, parking lot, bike storage, onside laundry, and new stormwater and fire suppression systems. Unlock additional income with 3 more unfinished units, for a total of 14 doors, not including
Tim Rist DORE
Albany's historic downtown features a beautifully restored 1909 carousel where visitors can watch volunteers hand-carving new animals at the Historic Carousel & Museum. The city preserves its pioneer heritage through four distinct historic districts, showcasing over 700 buildings dating to the 1840s, including the Monteith House Museum, Albany's first framed structure from 1849. Outdoor recreation flourishes at Talking Water Gardens, a unique man-made wetlands park, while Timber Linn Memorial Park offers a lake, walking paths, and sports fields.
The housing market in Albany presents diverse options across eight main neighborhoods. North Albany commands the highest median single family home price at $564,500, while Willamette offers more affordable options with a median price of $332,500. The citywide median sale price stands at $440,000, with townhomes at $386,400 and two bedroom condos at $317,500.
Property taxes in Albany reflect a 0.91% effective rate in Linn County, comparing favorably to nearby Corvallis at 0.98%. Oregon residents benefit from no state sales tax, though they face a 4.75% state income tax rate on yearly salaries of $40,208.
Albany Transit System provides public bus service throughout the city, with Albany Station serving as an Amtrak hub. The culinary scene features notable establishments like Vault 244 and Sybaris. Oak Grove Intermediate School, rated A minus by Niche, serves the North Albany neighborhood. The city hosts significant annual events including the Northwest Art & Air Festival and Veterans Day Parade. Located 70 miles south of Portland and 45 miles north of Eugene, Albany offers convenient access to the Oregon Coast, just 60 miles west.
On average, homes in Albany, OR sell after 71 days on the market compared to the national average of 52 days. The median sale price for homes in Albany, OR over the last 12 months is $451,333, up 5% from the median home sale price over the previous 12 months.
Albany buyers often seek comfort, charm, and functionality in homes that fit Oregon’s relaxed pace and seasonal climate.
In Albany, there are currently 11 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $390,000 to $1,950,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Albany is $465,400, while the average sale price is $468,794, offering insights into the local housing market. On average, multi-family homes spend 71 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Albany, OR.
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