$1,350,000
$100K PRICE DROP

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

Central Albany Neighborhood

Estimated payment $7,606/month

Total Views 5,950
-- Bed
-- Bath
6,064 Sq Ft
$223 Price per Sq Ft

Highlights

  • 0.3 Acre Lot
  • Baseboard Heating
  • Partially Fenced Property
  • Central Air
  • High Speed Internet
  • 2-minute walk to Talking Water Gardens

About This Home

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 property management included w/ full price offer or combo purchase with Station Street Apartments on 6th. Multiple addresses are included in this 4th and Washington Portfolio! 420-130 1/2 SW, 413 SW Washington, 442 4th Ave.

Listing Agent

Tim Rist

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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,300

Year Built

  • Built in 1935

Lot Details

  • 0.3 Acre Lot
  • Partially Fenced Property

Home Design

  • 6,064 Sq Ft Home
  • Slab Foundation
  • Composition Roof
  • Lap Siding

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • High Speed Internet

Additional Features

  • Finished Basement

Community Details

  • 8 Units
  • Maintenance Expense $1,832

Listing and Financial Details

  • Exclusions: Tenants Personal Property

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,300

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: 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 property management included w/ full price offer or combo purchase with Station Street Apartments on 6th. Multiple addresses are included in this 4th and Washington Portfolio! 420-130 1/2 SW, 413 SW Washington, 442 4th Ave.
  • Cross Street: Washington
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Exclusions: Tenants Personal Property
  • Basement: Finished, Unfinished

Exterior Features

  • Fenced Yard: Partial
  • Foundation: Continuous, Slab
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap

Utilities

  • Heating: Gas, Electric, Window Unit (AC), Central Ac, Baseboard
  • High Speed Comm Access: Available
  • Water: City
  • Sewer: City

Condo/Co-op/Association

  • Maintenance: 1832

Lot Info

  • Acres: 0.3
  • Estimated Lot Sq Ft: 13235
  • Zoning: MUR
  • Property Use Type: Investment, Business, Vacant/Owner-User
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2024
  • Tax Amount: 6300

Multi Family

  • Number Of Units: 8

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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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 List to Sale Price per Sq Ft Prior Sale
08/29/2025 08/29/25 Price Changed $1,350,000 -6.9% $223 / Sq Ft
06/16/2025 06/16/25 For Sale $1,450,000 +60.3% $239 / Sq Ft
12/31/2020 12/31/20 Off Market $904,800 -- --
12/18/2020 12/18/20 Sold $904,800 -4.8% $149 / Sq Ft View Prior Sale
09/01/2020 09/01/20 Price Changed $950,000 -17.4% $157 / Sq Ft
06/24/2020 06/24/20 For Sale $1,150,000 -- $190 / Sq Ft
Source: Willamette Valley MLS

Source: Willamette Valley MLS

MLS Number: 830211

Willamette Valley MLS
Oregon Linn County Albany 97321 Central Albany

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

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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Tim Rist
Listing Agent
Tim Rist
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DORE
(458) 241-0283