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$745,000
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Property Description
Don't miss out on this incredible investment opportunity! This fourplex is centrally located in the heart of Albany. BRAND NEW ROOF! NEW electrical panels in each unit. Three units are currently occupied by reliable tenants, while the newly renovated unit 1229 is available for a buyer who may wish to occupy the property. There are excellent loan products available for buyers looking to owner-occupy and take advantage of the property's current cash flow. Unit 1227 was renovated in 2023. Book a tour today!
Full Property Details
Full Property Details for 1227 Water Av NE
General
- Sold For: $745,000
- Taxes: $5,258 (2024)
- Status: Closed
- Type: Multi-Family
- Source: WVMLS
- MLS ID: 824002
- Added to Site: 466 day(s) ago
Interior
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Location
- County: LINN COUNTY
- Subdivision: Hacklemans 3rd Addition
School Information
- Elementary School: Waverly
- Middle School: Memorial
- High School: West Albany
Heating & Cooling
- Heating Type: Gas, Electric, Forced Air
- Heating Fuel: Gas, Electric, Forced Air
- Furnaces: 1200
- Water Heater: Electric, Gas
Utilities
- Sewer: City
- Water: City
- # Electric Meters: 2100
Structural Information
- Roof: Composition
- Square Feet: 3,496
- Year Built: 1971
Unit Information
- Units in Building: 4
Unit 1
- Square Feet: 874
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Square Feet: 874
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Square Feet: 874
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Square Feet: 874
- Level: First American
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Square Feet: 2
Unit 6
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 874
- Frontage Feet: 874
- Zoning: RM
- Lot Description: 6, 7
Financial Considerations
- Price Per Sq. Ft.: $213.1
- Price Per Acre: $2,980,000
- Assessment Year: 1971
- Tax Amount: $5,258
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 67
Get Pre-Approved Today
Schools
Schools serving 1227 Water Av NE
School District:Greater Albany School District 8j
| Name | Grades | Distance |
|---|---|---|
Waverly Elementary School 425 Columbus Street Southeast, Albany, OR 97321 | K-5 | 0.6 mi |
Memorial Middle School 1050 Southwest Queen Avenue, Albany, OR 97321 | 6-8 | 1.7 mi |
West Albany High School 1130 Southwest Queen Avenue, Albany, OR 97321 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1227 Water Av NE
Date
Details
Price
Change
Source
3/06/2026
Sold
$745,000
—
MLS
1/14/2025
Price Reduced
$745,000
-3.87%
MLS
12/20/2024
Listed
$775,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1227 Water Av NE, Albany, OR 97321 (MLS# 824002) is a Multi-Family property that was sold at $745,000 on March 06, 2026. Want to learn more about 1227 Water Av NE? Do you have questions about finding other Multi-Family real estate for sale in Albany? You can browse all Albany real estate or contact a Coldwell Banker agent to request more information.

