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$745,000

  • For Sale
  • Under Contract
  • Multi-Family
  • 8 Total Beds

Listed By: JOEL. BUMGARNER | Redfin | (541) 990-4741 | Cell: 541-990-4741

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Accepted Offer with Contingencies. 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 for 1227 Water Av NE

General

  • Price: $745,000
  • Taxes: $5,258 (2024)
  • Status: Under Contract
  • Type: Multi-Family
  • Source: WVMLS
  • MLS ID: 824002
  • Updated: 2/17/2025
  • Added to Site: 394 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

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NMLS#: 1598647

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Schools serving 1227 Water Av NE

School District:Greater Albany School District 8j
NameGradesDistance
Waverly Elementary School
425 Columbus Street Southeast, Albany, OR 97321
K-50.6 mi
Memorial Middle School
1050 Southwest Queen Avenue, Albany, OR 97321
6-81.7 mi
West Albany High School
1130 Southwest Queen Avenue, Albany, OR 97321
9-121.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1227 Water Av NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/14/2025
Price Reduced
$745,000
-3.87%
MLS
12/20/2024
Listed
$775,000
188.1%
MLS
3/06/2007
Sold
$269,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1227 Water Av NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,415
3%
$272,110
3%
2024
$5,258
3%
$264,190
3%
2023
$5,109
8%
$256,500
6%
2021
$4,732
-6%
$241,780
-3%
2022
$5,028
6%
$249,030
6%
2021
$4,732
4%
$234,740
3%
2019
$4,560
3%
$227,910
3%
2018
$4,442
3%
$221,280
3%
2017
$4,312
7%
$214,840
3%
2016
$4,019
2%
$208,590
3%
2015
$3,942
4%
$202,520
3%
2014
$3,784
2%
$196,630
3%
2013
$3,700
—
$190,910
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Just Listed near 1227 Water Av NE

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32900 Old Church Rd, Tangent, OR 97389 - Photo 1 Just Listed
$479,000

32900 Old Church Rd  Tangent, OR 97389

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,659
    Sq. Ft.
Listed By: WENDI. MELCHER | Homesmart Realty Group - Sweet Home and BRITTANI. ALBRECHT | Homesmart Realty Group - Sweet Home
32900 Old Church Rd, Tangent, OR 97389 - Photo 1 Just Listed
$479,000

32900 Old Church Rd  Tangent, OR 97389

  • Single Family
  • Active
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  • 3
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  • 2
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  • 1,659
    Sq. Ft.
Listed by HomeSmart Realty Group, Wendi Melcher
1289 Ankeny Rd, Jefferson, OR 97352 - Photo 1 Just Listed
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1289 Ankeny Rd  Jefferson, OR 97352

  • Single Family
  • Active
  • Updated 2 days ago
  • 4
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  • 2
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  • 1,700
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Listed By: NANCY. ROCHA ALLEY | Homesmart Realty Group
2977 Winter Creek Rd SE, Jefferson, OR 97352 - Photo 1 Just Listed
$749,900

2977 Winter Creek Rd SE  Jefferson, OR 97352

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  • Active
  • Updated 2 days ago
  • 3
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  • 2
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  • 1,232
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Listed By: JAMES. HAUGE | Legacy Real Estate

Price Reduced near 1227 Water Av NE

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31919 N Lake Creek (Unit 35 ) Dr, Tangent, OR 97389 - Photo 1 Price Reduced
-$5,000 (-3.4%)
$142,000

31919 N Lake Creek (Unit 35 ) Dr  #35  Tangent, OR 97389

  • Manufactured Home
  • Active
  • Updated 4 days ago
  • 3
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  • 2
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  • 1,404
    Sq. Ft.
Listed By: ROBERT. ARNOLD | Keller Williams Realty -Albany
184 Greenwood Dr, Jefferson, OR 97352 - Photo 1 Price Reduced
-$25,000 (-5.9%)
$399,000

184 Greenwood Dr  Jefferson, OR 97352

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,413
    Sq. Ft.
Listed By: JULIA. COATES | Exp Realty, Llc
1399 Twin Hills Rd SE, Jefferson, OR 97352 - Photo 1 Price Reduced
-$24,500 (-3.5%)
$675,000

1399 Twin Hills Rd SE  Jefferson, OR 97352

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  • Active
  • Updated 2 days ago
  • 3
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  • 3
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  • 2,642
    Sq. Ft.
Listed By: JODIE. DODGE | Jmg Jason Mitchell Group-Salem
1399 SE Twin Hills Rd, Jefferson, OR 97352 - Photo 1 Price Reduced
-$24,500 (-3.5%)
$675,000

1399 SE Twin Hills Rd  Jefferson, OR 97352

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,642
    Sq. Ft.
Listed by JMG - Jason Mitchell Group, Jodie Dodge

Recent Sales near 1227 Water Av NE

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375 S Nebergall Lp NE, Albany, OR 97321 - Photo 1 Sold
$715,000

375 S Nebergall Lp NE  Albany, OR 97321

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 2,254
    Sq. Ft.
Listed By: JASON. CADWELL | Jmg Jason Mitchell Group-Albany
Sold by SARAH. FIELDS | Keller Williams Realty Mid Willamette
431 8th Av SW, Albany, OR 97321 - Photo 1 Sold
$635,000

431 8th Av SW  Albany, OR 97321

  • Single Family
  • Closed
  • 5
    Beds
  • 3
    Total Baths
  • 4,004
    Sq. Ft.
Listed By: KAREN. ROSENBERG | Town & Country Realty
Sold by KATE. CLARK | Keller Williams Realty Mid Willamette
1118 NE Charming Pl, Albany, OR 97321 - Photo 1 Sold
$699,900

1118 NE Charming Pl  Albany, OR 97321

  • Single Family
  • Sold
  • 5
    Beds
  • 2
    Total Baths
  • 2,533
    Sq. Ft.
Listed by JMG - Jason Mitchell Group, Jason Cadwell
Sold by Non Rmls Broker, OR and WA Non Rmls
1118 Charming Pl NW, Albany, OR 97321 - Photo 1 Sold
$699,900

1118 Charming Pl NW  Albany, OR 97321

  • Single Family
  • Closed
  • 5
    Beds
  • 3
    Total Baths
  • 2,533
    Sq. Ft.
Listed By: JASON. CADWELL | Jmg Jason Mitchell Group-Albany and SARAH. DENNIS | Jmg Jason Mitchell Group-Lebanon
Sold by KINDSEY. HOEFER | Jmg Jason Mitchell Group-Albany

1227 Water Av NE, Albany, OR 97321 (MLS# 824002) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 1227 Water Av NE is currently listed for $745,000 and was received on December 20, 2024. 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.

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