Estimated payment $13,427/month
One of the last major multifamily development opportunities left in popular North Albany. Property should support 120-150 units prior to any bonus densities. The property is level with no wetlands or natural resource overlay. Previous Conditional Approval for a 36-lot SFR subdivision was granted in 2015 and expired in 2018. Conveniently located near downtown Albany, yet only 15 minutes to I-5 or Oregon State University. Valuable storm drain easement exists over adjoining parcel to the south.
Property Type
Est. Annual Taxes
Schools
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Additional Features
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/10/2024 10/10/24 | For Sale | $2,250,000 | -- | -- |
$2,250,000
Rare opportunity for multifamily developers. North Albany is a highly sought after and booming area. All utilities are to or near the site. No regulated wetlands, no natural resource overlay, not in 100-year flood plain. RM Zone permits up to 154 units.
Kenneth Marshall Vintage Realty Northwest
Source: Willamette Valley MLS
MLS Number: 822263
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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