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Listed by Norris & Stevens Investment Real Estate Services • DavidK@norris-stevens.com
$2,250,000
Est. payment /mo
6.46 Acres Lot
Active
840 AIRPORT RD Albany, OR 97322
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 560658359
HOA Y/N No
Annual Tax Amount $2,972
Tax Year 2025
Lot Size 6.460 Acres
Property Sub-Type Multi Family
Property Description
This offering includes two prime parcels—3.22 acres and 3.24 acres—zoned R-5 and located in Albany, OR, just south of Swan Lakes and under half a mile from Heritage Mall. With proximity to major transit corridors, established infrastructure, and a strong local community, the property is well-positioned for immediate development.A fully approved Planned Development covers the combined 6.5 acres and includes entitlements for:• A 44-unit multifamily project across four buildings• 11 homes• 31 garage/storage units (10'x20')The project is shovel-ready: civil engineering and architectural plans are complete and stamped, landscape and erosion control plans are approved, permits are purchased, tree removal and wetland delineations are done, and all site improvements are ready to begin.
Location
State OR
County Linn
Area _221
Zoning R-5
Exterior
Utilities Available ElectricityAvailable
Garage No
Schools
Elementary Schools South Shore
Middle Schools Calapooia
High Schools South Albany
Others
Acceptable Financing CallListingAgent
Listing Terms CallListingAgent
NEARBY SCHOOL & BUSINESS
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