$1,950,000
$40K PRICE DROP

Estimated payment $11,358/month

Total Views 4,233
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1.4 Acre Lot
  • Territorial View
  • Laundry Facilities
  • West Albany High School Rated 9+
  • Landscaped
  • 3-minute walk to Albany Skatepark

About This Home

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 rentable storage. Complimentary management included for the first year with full price offer.

Listing Agent

Tim Rist

DORE License #201209259 Listed on: 06/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,616

Year Built

  • Built in 1992

Lot Details

  • 1.4 Acre Lot
  • Landscaped

Home Design

  • Slab Foundation
  • Composition Roof
  • Block Exterior

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Laminate
  • Vinyl

Schools

  • Waverly Elementary School
  • Memorial Middle School
  • West Albany High School

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Territorial Views
  • Washer and Dryer Hookup

Community Details

  • The Station Apartments Community
  • Laundry Facilities

Listing and Financial Details

  • Exclusions: Tenants personal property
  • Legal Lot and Block 3 / 4

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,616

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Dual Living: Possible
  • Range Facility: Gas, Range Included
  • Syndicated Remarks: 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 rentable storage. Complimentary management included for the first year with full price offer.
  • Cross Street: Main St
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Disposal: Yes
  • Exclusions: Tenants personal property
  • Refrigerator: Refrigerator Included
  • Flooring: Laminate, Vinyl
  • Laundry: Laundry Center, W/D Hookup

Exterior Features

  • Exterior Color: Gray
  • Foundation: Slab
  • Landscape: Yes
  • Roof: Composition
  • Siding: Block
  • View: Territorial

Utilities

  • Heating: Gas, Wall Furnace
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Gas
  • Sewer: City

Schools

  • Elementary School: Waverly
  • Middle School: Memorial
  • High School: West Albany

Lot Info

  • Acres: 1.4
  • Estimated Lot Dimensions: 603984
  • Lot: 3
  • Price Per Acre: 1392857.14
  • Property Name: The Station Apartments
  • Property Use Type: Investment

Multi Family

  • Unit Types: Flat, Loft

Tax Info

  • Tax Account Number: 0776425
  • Tax Amount: 11616

MLS Schools

  • HighSchool: West Albany
  • Middle School: Memorial
  • Elementary School: Waverly

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Price Changed $1,950,000 -2.0% --
06/16/2025 06/16/25 For Sale $1,990,000 -- --
Source: Willamette Valley MLS

Source: Willamette Valley MLS

MLS Number: 830209

Willamette Valley MLS