1127 Southeast 6th Avenue

Albany, OR 97321

$2,100,000
Price
—
Beds
9,039 Sq. Ft.
$232 / Sq. Ft.
9,039
Sq. Ft.
$232
per Sq. Ft.

Virtual Tour

Virtual Tour

a view of a park with benches
a front view of a house with a yard
a view of a house with a yard
a view of cars parked in a parking lot
a view of outdoor space with seating area
a view of car parked in front of house
a view of a car park in front of house
a view of outdoor space and street view
a view of a house with outdoor space
a view of a house with backyard and trees
a view of a house with a backyard
a view of a back yard of the house
a front view of a house with a yard
a view of front door
a kitchen with cabinets and wooden floor
a view of a kitchen with a fridge and wooden floors
a kitchen with cabinets and stainless steel appliances
a kitchen with a sink a refrigerator and cabinets
a kitchen with stainless steel appliances granite countertop a refrigerator sink and stove
a view of an empty room
a bathroom with a sink a toilet and mirror
a bathroom with a glass door shower
a view of small space with empty racks
a view of a garage
a view of a livingroom with a staircase
a view of an empty room with a window
Laundry
a bathroom with a sink and a mirror
a view of a room with gym equipment
a view of a room with furniture
a view of an empty room with storage
a view of a room with wooden floor and windows
a view of a room with gym equipment
a view of a room with lots of garage
a view of livingroom with closet
a view of a storage & utility room

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...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.
  1. Listed by Tim Rist • DORE

Property Details for 1127 Southeast 6th Avenue

Parking Features
Open, Paved
Zoning
MS
View
Territorial
LISTING UPDATED: 08/06/2024 03:30 AM

Property Details for 1127 Southeast 6th Avenue

StatusActive
MLS #23369186
Days on Market354
Taxes$11,616 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1992
Lot Size-
CountyLinn County

Virtual Tour

Building Information for 1127 Southeast 6th Avenue

Stories1Residences11Year Built1992Building Size-Lot Size-

Property Information for 1127 Southeast 6th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: From Pacific Blvd SE, North on Sherman St SE, West on 6th St
  • Road Surface: Paved
School Information
  • Elementary School: Waverly
  • High School: West Albany
  • Middle Or Junior School: Memorial
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $11,615.55
  • Parcel Number: 0776425
  • Tax Legal Description: 11S03W07AA
Virtual Tour
Property
Lot Information
  • Lot Description: Level
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1992
Utilities
  • Fuel Description: Gas
  • Heating Description: Wall Furnace
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Interior Features
  • Basement: None
  • Foundation Details: Slab
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
  • Gross Income Actual: $218,400.00
  • Gross Rent Multiplier: $9.62
  • Investor Information: Leases, Profit Loss Statement
  • Net Income Actual: $166,565.00
  • Operating Expense: $45,283.00
  • Security Features: Fire Sprinkler System, Sidewalk
  • Storage: Attached, Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type10, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8, Unit Type Type9
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 9039
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 0
  • Unit Type 1 Features: Disposal, Range, Refrigerator
  • Unit Type 1 Rent: $950
  • Unit Type 1 SqFt: 448.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 0
  • Unit Type 2 Features: Disposal, Range, Refrigerator
  • Unit Type 2 Rent: $1,000
  • Unit Type 2 SqFt: 712.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 0
  • Unit Type 3 Features: Disposal, Range, Refrigerator
  • Unit Type 3 Rent: $1,295
  • Unit Type 3 SqFt: 527.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 0
  • Unit Type 4 Features: Disposal, Range, Refrigerator
  • Unit Type 4 Rent: $1,395
  • Unit Type 4 SqFt: 485
  • Unit Type 4 UnitsTotal: 2
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Beds Total: 0
  • Unit Type 5 Features: Disposal, Range, Refrigerator
  • Unit Type 5 Rent: $1,495
  • Unit Type 5 SqFt: 468.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Beds Total: 0
  • Unit Type 6 Rent: $1,495
  • Unit Type 6 SqFt: 525.0
  • Unit Type 6 Units Total: 1
Unit 7 Information
  • Unit Type 7 Baths Total: 1
  • Unit Type 7 Beds Total: 0
  • Unit Type 7 Rent: $1,495
  • Unit Type 7 SqFt: 652
  • Unit Type 7 Units Total: 1
Unit 8 Information
  • Unit Type 8 Baths Total: 2
  • Unit Type 8 Beds Total: 2
  • Unit Type 8 Rent: $1,895
  • Unit Type 8 SqFt: 1370.0
  • Unit Type 8 Units Total: 1
Unit 9 Information
  • Unit Type 9 Baths Total: 2
  • Unit Type 9 Beds Total: 3
  • Unit Type 9 Rent: $1,995
  • Unit Type 9 SqFt: 1206.0
  • Unit Type 9 Units Total: 1
Unit 10 Information
  • Unit Type 10 Baths Total: 0
  • Unit Type 10 Beds Total: 0
  • Unit Type 10 Features: Storage
  • Unit Type 10 Rent: $1,000
  • Unit Type 10 SqFt: 675.0
  • Unit Type 10 Units Total: 1

Public Records for 1127 Southeast 6th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2022$8,634 ($719 / month)
Home Facts
Total Finished SqFt7,866 SqFtAbove Grade Finished SqFt7,866 SqFtStories1Lot Size60,984 SqFtStyleMulti-Family Res (5+ Units)Year Built1992CountyLINNAPN11S 03W 07AA 00103Fireplace TypeHas Fireplace

Schools near 1127 Southeast 6th Avenue

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

Memorial Middle School
Public6 to 8

West 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Willamette

Neighborhoods

Cities

ZIPs

More information about 1127 Southeast 6th Avenue, Albany, OR 97321

1127 Southeast 6th Avenue is a multi-family home for sale in Albany, OR 97321. This property was listed for sale on December 6, 2023 by DORE, it's currently listed at $2,100,000. This listing's school district is Greater Albany Public School District 8j. Nearby schools include Waverly Elementary School, Memorial Middle School and West Albany High School. 1127 Southeast 6th Avenue is a 0-bed, 0-bath, 9,039 sqft multi-family home built in 1992.

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 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 DORE

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 © 2024 RMLS, Portland, Oregon. Last updated: 08/06/2024 03:30 AM