1127-1195 6th AvenueAlbany, OR97321
$2,590,000
14 total units
$218,400 annual income
10389 sq. ft
1.40 acres
Elementary School: Waverly Elem
Middle School: Memorial Middle
High School: West Albany High
Zoning: Albany-MS
146 days on market
VestorFilter™
Price per unit$185K/unit
Price per ft²$249.30/ft²
Recent price drop$235,000
Price per acre$1.85M/ac
Time on market146 days
Property Description
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.
Financial Data
Price ChangeDropped $235,000 on 03/01/2024
Total $235,000 drop
Total $235,000 drop
Original Price$2,825,000
Current Price$2,590,000
Property Taxes$11,616
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Home Facts
StatusActive
Year Built1992
MLS ID220174616
