206 1/2 SW 2nd Ave

Albany, OR 97321

$1,350,000
Price
15
Beds
11
Baths
6,064 Sq. Ft.
$223 / Sq. Ft.
6,064
Sq. Ft.
$223
per Sq. Ft.
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Description

Unique package deal opportunity! 7% cap rate w/ 2024 net income exceeding 6 figures. Closely located multifamily and single family portfolio. All properties include updates ranging from minor to major, full interior and exterior renovations. Properties low in a MUR Zoning District. Buyer to do Due Diligence on available Commercial uses for these buildings. SPECIAL OFFER: One year of complimentary property management included w/ full price offer. Multiple addresses are included in this 4th and Washington...Unique package deal opportunity! 7% cap rate w/ 2024 net income exceeding 6 figures. Closely located multifamily and single family portfolio. All properties include updates ranging from minor to major, full interior and exterior renovations. Properties low in a MUR Zoning District. Buyer to do Due Diligence on available Commercial uses for these buildings. SPECIAL OFFER: One year of complimentary property management included w/ full price offer. Multiple addresses are included in this 4th and Washington Portfolio! 420-130 1/2 SW, 413 SW Washington, 442 4th Ave.
  1. Listed by TIM RIST • Brokerage DRE #201250263 • DORE
    P: (541)-250-1065 C: (541)-250-1065 tim.rist@dore.llc

Property Details for 206 1/2 Southwest 2nd Avenue

Zoning
MUR
Zoning Description
MUR
LISTING UPDATED: 06/29/2026 04:36 PM

Property Details for 206 1/2 Southwest 2nd Avenue

StatusActive
MLS #830211
Days on Market376
Taxes$6,300 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1935
Lot Size0.30 AC / 13,235 SF
CountyLinn County
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Location

Listing Courtesy of DORE
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Building Information for 206 1/2 Southwest 2nd Avenue

Stories-Residences8Year Built1935Building Size-Lot Size0.30 AC / 13,235 SF

Payment Calculator

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$7,252 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,727

Property Taxes

$525

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 206 1/2 Southwest 2nd Avenue

Summary
Location and General Information
  • Cross Street: Washington
  • Latitude: 44.636758
  • Longitude: -123.109132
Taxes and HOA
  • Tax Annual Amount: $6,300.00
  • Tax Year: 2024
Property
Lot Information
  • Lot Size Acres: 0.3
  • Lot Size Square Feet: 13235.0
Property and Assessments
  • Living Area: 6064.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1935
Building Features
  • Construction Materials: Fiber Cement, Lap Siding
  • Foundation Details: Slab
  • Roof: Composition
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Finished, Unfinished
  • Has Basement: Yes
  • Cooling: Central Air, Window Unit(s)
  • Has Cooling: Yes
  • Heating: Baseboard, Natural Gas
  • Has Heating: Yes
  • Interior Features: High Speed Internet
  • Has Spa: No
Multi Family
Multi Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Gross Scheduled Income: $116,773
  • Net Operating Income: $102,566
Unit Information
Unit 1
  • Actual Rent: $1,690.00
  • Baths Total: 2
  • Beds Total: 3
  • Sqft Total: 1380.0
  • Type: 3 Bedroom
Unit 2
  • Actual Rent: $2,195.00
  • Baths Total: 2
  • Beds Total: 3
  • Sqft Total: 1524.0
  • Type: 3 Bedroom
Unit 3
  • Actual Rent: $700.00
  • Baths Total: 7
  • Beds Total: 9

Property History for 206 1/2 Southwest 2nd Avenue

DateEvent & SourcePriceAppreciation
Aug 29, 2025

Price Change

Willamette Valley MLS #830211

$1,350,000—
Jun 16, 2025

Listed (Active)

Willamette Valley MLS #830211

$1,450,000—
Dec 18, 2020

Sold

Willamette Valley MLS #765120

$904,800—
DateEvent & SourcePrice
08/29/2025

Price Change

Willamette Valley MLS #830211

$1,350,000
06/16/2025

Listed (Active)

Willamette Valley MLS #830211

$1,450,000
12/18/2020

Sold

Willamette Valley MLS #765120

$904,800

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 206 1/2 Southwest 2nd Avenue

This home is within Greater Albany Public School District 8j.
Rating
School
Type
Grades
Distance
Takena Elementary School
Public - K to 2
Central Elementary School
Public - 3 to 5
Memorial Middle School
Public - 6 to 8
West Albany High School
Public - 9 to 12
Rating
School
Distance
Takena Elementary School
PublicK to 2

Central Elementary School
Public3 to 5

Memorial Middle School
Public6 to 8

West Albany High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 206 1/2 Southwest 2nd Avenue, Albany, OR 97321

206 1/2 Southwest 2nd Avenue is a multi-family home for sale in Albany, OR 97321. This property was listed for sale on June 16, 2025 by DORE, it's currently listed at $1,350,000. It has been on the market for a total of 376 days and was last sold on December 18, 2020. This listing's school district is Greater Albany Public School District 8j. Nearby schools include Takena Elementary School, Central Elementary School and Memorial Middle School. 206 1/2 Southwest 2nd Avenue is a 15-bed, 11-bath, 6,064 sqft multi-family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DORE

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.