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1127 6TH AVE SE Albany, OR $ 2,590,000
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1127 6TH AVE SE
$ 2,590,000
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1127 6TH AVE SE

Albany, OR, 97321
$ 2,590,000
Bedrooms5 Baths11.0 Sq 9,039

Monthly Estimate*

$ 18,092

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Multi-Family Home for sale in Albany, OR

for $2,590,000 with 5 bedrooms and 11 full baths. This 9,039 square foot home was built in 1992.

Prime Investment: The Station features 11 trendy move-in ready units, boasting a 5.9% cap rate - $212,000 gross income and $166,565 NOI. Extensive upgrades including electrical, plumbing, HVAC, windows, siding, kitchens, bathrooms, parking lot, bike storage, onsite 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, and a large 1.4 acre lot with space for more construction in the rear.

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Multi-Family Active

Price

$ 2,590,000

Bedrooms

5

Full Bath

11

Property Type

Multi-Family

Taxes

$ 11,615

Style

Year Built

1992

Town/City

Albany

County/Region

Linn

MLS | Web ID

23369186
Features
General
Sewer PublicSewer
Heating WallFurnace
Zoning MS
Security Features FireSprinklerSystem Sidewalk
Year Built 1992
Stories 1
Tax Year 2023
Gross Income 218400.0
Community Features Laundry
County Linn
Net Operating Income 166565.0
Operating Expense 45283.0
Property Type MultiFamily
Rent Includes None
Status Active
Directions From Pacific Blvd SE North on Sherman St SE West on 6th St
High School West Albany
City Albany
Disclosures Disclosure
Total Units 11
MLS Area _221
Street Name 6TH
Listing Terms Cash Conventional
Elementary School Waverly
Tax Annual Amount 11615.55
Middle/Junior High School Memorial
Property Condition UpdatedRemodeled
Virtual Tour https://youtu.be/4PZgYx6TcTI
Days on Market 145
Standard Status Active
Legal Description 11S03W07AA
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Interior
Basement None
Storage Attached Garage
Hot Water Gas
Unit 10 Beds Total 0
Unit 1 Baths Total 1
Unit 1 Beds Total 0
Unit 2 Baths Total 1
Unit 2 Beds Total 0
Unit 3 Baths Total 1
Unit 3 Beds Total 0
Unit 4 Baths Total 1
Unit 4 Beds Total 0
Unit 5 Beds Total 0
Unit 6 Beds Total 0
Unit 7 Beds Total 0
Unit 8 Beds Total 2
Unit 9 Beds Total 3
Street Suffix AVE
Unit Type UnitTypeType1 UnitTypeType10 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6 UnitTypeType7 UnitTypeType8 UnitTypeType9
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Exterior
Parking Features Open Paved
Lot Features Level
Water Source PublicWater
Foundation Details Slab
Building Area Total 9039.0
Road Surface Type Paved
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Internal Only
Street Number 1 1127
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* Excluded Features
List By
Dore

Broker

tim.rist@dore.llc

Email

Affordability Calculator

$19,060
Per Month
95%
5%
0%
Monthly Principal & Interest
$18,092
Monthly Property Taxes
$968
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4241514 Elementary School
1951071 Middle School
West Albany High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/29/2024$2,590,000 -8.32% Price Down
12/6/2023$2,825,000 Listed Price

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1127 6TH AVE SE, Albany, OR, 97321 is a Multi-Family Home for sale at $2,590,000 with 9,039 sqft. 1127 6TH AVE SE has 5 bedrooms, 11.0 baths, and was built in 1992. The property's zip code is 97321 which is in Albany, OR

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