$745,000
UNDER CONTRACT $30K PRICE DROP

1227 NE Water Ave Albany, OR 97321

Willamette Neighborhood

Estimated payment $4,596/month

Total Views 5,275
8 Beds
4 Baths
3,496 Sq Ft
$213 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Covered patio or porch
  • Forced Air Heating System
  • West Albany High School Rated 9+
  • Covered Deck
  • 2-minute walk to Albany's Willamette Community Garden

About This Home

Accepted Offer with Contingencies. Don't miss out on this incredible investment opportunity! This fourplex is centrally located in the heart of Albany. BRAND NEW ROOF! NEW electrical panels in each unit. Three units are currently occupied by reliable tenants, while the newly renovated unit 1229 is available for a buyer who may wish to occupy the property. There are excellent loan products available for buyers looking to owner-occupy and take advantage of the property's current cash flow. Unit 1227 was renovated in 2023. Book a tour today!

Listing Agent

Joel Bumgarner

REDFIN License #201215023

REDFIN

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,258

Year Built

  • Built in 1971

Lot Details

  • 0.25 Acre Lot
  • Partially Fenced Property

Parking

  • RV Access or Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • 3,496 Sq Ft Home
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Covered Deck
  • Covered patio or porch

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 6,7 / 9

Community Details

Overview

  • 4 Units
  • Hacklemans 3Rd Addition Subdivision

Building Details

  • Trash Expense $2,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,258

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Range Facility: Electric
  • Syndicated Remarks: Accepted Offer with Contingencies. Don't miss out on this incredible investment opportunity! This fourplex is centrally located in the heart of Albany. BRAND NEW ROOF! NEW electrical panels in each unit. Three units are currently occupied by reliable tenants, while the newly renovated unit 1229 is available for a buyer who may wish to occupy the property. There are excellent loan products available for buyers looking to owner-occupy and take advantage of the property's current cash flow. Unit 1227 was renovated in 2023. Book a tour today!
  • Year Built: 1971
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 213.1
  • Price Per Sq Ft: 213.1

Exterior Features

  • Patio: Covered Deck, Covered Patio
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Wood
  • Siding Style: T111

Utilities

  • Heating: Gas, Electric, Forced Air
  • Water: City
  • Water Heater: Electric, Gas
  • Garbage: 2100
  • Sewer: City

Schools

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

Lot Info

  • Acres: 0.25
  • Lot: 6,7
  • Price Per Acre: 2980000
  • Zoning: RM
  • Rvcamper Pad: Area/Room For
  • Property Use Type: Investment, Vacant/Owner-User
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2024
  • Tax Account Number: 336160
  • Tax Amount: 5258

Multi Family

  • Number Of Units: 4

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,258 $264,190 -- --
2023 $5,109 $256,500 $0 $0
2022 $5,028 $249,030 $0 $0
2021 $4,732 $241,780 $0 $0
2020 $4,669 $234,740 $0 $0
2019 $4,560 $227,910 $0 $0
2018 $4,442 $221,280 $0 $0
2017 $4,312 $214,840 $0 $0
2016 $4,019 $208,590 $0 $0
2015 $3,942 $202,520 $0 $0
2014 $3,784 $196,630 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2025 01/14/25 Price Changed $745,000 -3.9% $213 / Sq Ft
12/20/2024 12/20/24 For Sale $775,000 -- $222 / Sq Ft
Source: Willamette Valley MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $269,000 Lawyers Title Insurance Corp
Bargain Sale Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $17,350 Credit Line Revolving
Open $215,200 Negative Amortization
Source: Public Records

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Source: Willamette Valley MLS

MLS Number: 824002

Willamette Valley MLS

APN: 0336160

Oregon Linn County Albany 97321 Willamette

1227 NE Water Ave, Albany, OR

Homes for Sale in Albany, OR

This home is located at 1227 NE Water Ave, Albany, OR 97321 and is currently priced at $745,000, approximately $213 per square foot. This property was built in 1971. 1227 NE Water Ave is a home located in Linn County with nearby schools including Waverly Elementary School, Memorial Middle School, and West Albany High School.

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

Joel Bumgarner
Listing Agent
Joel Bumgarner
Section Image
REDFIN
(458) 216-2151