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Albany, OR Multifamily Homes & Duplexes for Sale

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  • /30

    $695,000

    • 2 Beds
    • 1 Bath
    • 1,792 Sq Ft

    36048 Riverside Dr, Albany, OR 97321

    Rare opportunity to own a duplex on 2.15 acres in the desirable Riverside area—just minutes to Albany, Corvallis and I-5. Each unit offers 2 bedrooms, 1 bathroom, an attached garage with washer/dryer hookups, fenced backyard, and beautiful country views. Recent upgrades include remodeled kitchens with modern finishes and new air conditioning systems in both units for year-round comfort. Perfect

    Mason Wooten MORE Realty, Inc.

    36048 Riverside Dr, Albany, OR 97321
  • /24

    $695,000

    • 4 Beds
    • 2 Baths
    • 1,792 Sq Ft

    36046 Riverside Dr SW, Albany, OR 97321

    Rare opportunity to own a duplex on 2.15 acres in the desirable Riverside area—just minutes to Albany, Corvallis and I-5. Each unit offers 2 bedrooms, 1 bathroom, an attached garage with washer/dryer hookups, fenced backyard, and beautiful country views. Recent upgrades include remodeled kitchens with modern finishes and new air conditioning systems in both units for year-round comfort. Perfect

    Mason Wooten MORE REALTY

    36046 Riverside Dr SW, Albany, OR 97321
  • /25

    $450,000

    • 4 Beds
    • 2 Baths
    • 1,456 Sq Ft

    2448 SE Sherman St (2450) St, Albany, OR 97322

    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 garbage and tenant pays for all other utilities. If owner

    Janel Hoffmann JMG JASON MITCHELL GROUP

    2448 SE Sherman St (2450) St, Albany, OR 97322
  • /10

    $390,000

    • 4 Beds
    • 2 Baths
    • 1,860 Sq Ft

    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

    3711 Earl Ave NE, Albany, OR 97322
  • /49

    $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
  • /50

    $1,990,000

    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

    1127 SE 6th Ave, Albany, OR 97321
  • /2

    $1,490,000

    • 13 Beds
    • 7.5 Baths
    • 5,488 Sq Ft

    1974 Marion St SE, Albany, OR 97322

    Three property portfolio consisting of the following:4-plex all units are 2/1 Built in 1978, 2,660 SF with rents from $1,250 $1,375. Property address 1958–1964 Marion Street tax lot #0427969.Duplex all units are 1/1 Built in 1977, 1,248 SF with rents from $1,050–$1,100. Property address 1966 & 1968 Marion Street tax lot #0401585. Single Family Residential 3/1.5 Built in 1977, 1,580 SF with the

    Ryan Brush SMI REAL ESTATE

    1974 Marion St SE, Albany, OR 97322

Why Live in Albany

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.

Home Trends in Albany, OR

Housing Trends

Median Sale Price
$535,000
Median Single Family Sale Price
$534,900
Median 2 Bedroom Sale Price
$255,000
Average Price Per Sq Ft
$281
Number of Homes for Sale
30
Last 12 months Home Sales
391
Months of Supply
0.90
Median List Price
$541,200
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%
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