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Periwinkle Multifamily Home for Sale

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    $485,000

    • 3 Beds
    • 2.5 Baths
    • 1,830 Sq Ft

    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

    2801 Raleigh Ct SE, Albany, OR 97322

Why Live in Periwinkle

Periwinkle, a neighborhood in Albany, offers a blend of scenic routes, historic charm, and modern amenities. The Periwinkle Creek Bike Path connects residents to two city parks, the Heritage Mall, and the Monteith Historic District, where 19th-century architecture meets trendy downtown shops. The neighborhood is known for its annual Northwest Art & Air Festival at Timber Linn Memorial Park, attracting over 40,000 visitors to watch hot air balloons. Homes in Periwinkle range from new traditional-style and modern Prairie homes to one-story Craftsman dwellings, with some manufactured homes in communities like Shorewood Estates. The Greater Albany Public School District is highly rated, serving over 10,000 students. While Periwinkle is car-dependent, some areas are walkable, and bike lanes are present. The Albany Transit System and Amtrak provide transportation options, with Interstate 5 offering access to Salem, Portland, and Eugene. Local parks such as Grand Prairie Park, Lexington Park, and Deerfield Park provide recreational spaces, while the Albany Community Pool offers swimming and aerobics. Heritage Mall, less than a mile north, features 47 retailers, including Old Navy and Bath & Body Works. Dining options include PizzAmoré and La Roca, with grocery stores like Safeway and Fred Meyer nearby. The neighborhood hosts events like the River Rhythms and Summer Sounds concerts, and the Albany Farmers Market is a popular spot for fresh produce. Periwinkle's crime rate is lower than the national average, making it a safer place to live.

Home Trends in Periwinkle, OR

Housing Trends

Median Sale Price
$423,750
Median Single Family Sale Price
$429,000
Average Price Per Sq Ft
$286
Number of Homes for Sale
12
Last 12 months Home Sales
104
Months of Supply
1.40
Median List Price
$429,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
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