840 Airport Rd SE

Albany, OR 97322

$2,250,000
Price
140,263 / 3.22
Lot Size / Acres
a black and white photo of a city
a aerial view of a house with a garden
a view of a grassy field
a view of city and mountain

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...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.
  1. Listed by David Keys • Norris & Stevens Investment Real Estate Services • DavidK@norris-stevens.com

Property Details for 840 Airport Road Southeast

Zoning
R-5
LISTING UPDATED: 12/15/2025 12:40 PM

Property Details for 840 Airport Road Southeast

StatusActive
MLS #560658359
Days on Market9
Taxes$2,973 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Multi Family
Year Built-
Lot Size3.22 AC
CountyLinn County

Location

Listing Courtesy of Norris & Stevens Investment Real Estate Services
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Building Information for 840 Airport Road Southeast

Building Size-Lot Size3.22 AC

Payment Calculator

$11,366 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,118

Property Taxes

$248

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 840 Airport Road Southeast

Summary
Location and General Information
  • Country: US
  • Directions: Franklin Ave SE
School Information
  • Elementary School: South Shore
  • High School: South Albany
  • Middle Or Junior School: Calapooia
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $2,972.71
  • Parcel Number: 0108411
  • Tax Legal Description: 11S03W09BB
Property
Lot Information
  • Acres: 3.22
  • Additional Parcels Description: 0108429
  • Lot Size Square Feet: 140263.0
  • Lot Size Range: Acres3to5
  • Lot Size: 3 to 4.99 Acres
Property and Assessments
  • Property Sub Type: Multi Family
  • Property Type: Land
Utilities
  • Utilities: Electricity Available

Public Records for 840 Airport Road Southeast

Taxable ValueLand-Additions-Total-
Tax Record2025$2,973 ($248 / month)
Home Facts
Beds3Total Finished SqFt876 SqFtAbove Grade Finished SqFt876 SqFtLot Size140,263 SqFtStyleResidentialYear Built1936CountyLINNAPN11S 03W 09BB 02700Fireplace TypeMasonry

Schools near 840 Airport Road Southeast

This home is within Greater Albany Public School District 8j.
Rating
School
Type
Grades
Distance
South Shore Elementary School
Public - K to 5
North Albany Middle School
Public - 6 to 8
South Albany High School
Public - 9 to 12
Albany Options School
Public - 9 to 12
Rating
School
Distance
South Shore Elementary School
PublicK to 5

North Albany Middle School
Public6 to 8

South Albany High School
Public9 to 12

Albany Options 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 840 Airport Road Southeast, Albany, OR 97322

840 Airport Road Southeast is a 3.22 ac of land for sale in Albany, OR 97322. This property was listed for sale on December 15, 2025 by Norris & Stevens Investment Real Estate Services, it's currently listed at $2,250,000. This listing's school district is Greater Albany Public School District 8j. Nearby schools include South Shore Elementary School, North Albany Middle School and South Albany High School. 840 Airport Road Southeast is a 0-bed, 0-bath, 3.22 ac of land on a 140,263 sq. ft. / 3.22 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Norris & Stevens Investment Real Estate Services

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 12/15/2025 12:40 PM