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Anthony Dang

anthonydang@simplihom.com +1(509) 460-0410

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

$ 2,100,000

Est. payment -/mo

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Price Dropped by $150K

840 AIRPORT RD Albany, OR 97322

6.46 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 560658359

HOA Y/N No

Annual Tax Amount $2,972

Tax Year 2025

Lot Size 6.460 Acres

Property Sub-Type Multi Family

Property Description

Investment Highlights• Total land area: ± 6.46 AC ( ± 281,398 sf)• Buildable area: ± 4.70 AC ( ± 204,732 sf)• ± 3.22 AC and ± 3.24 AC parcels• Zoned R-5 (low- to moderate-density residential)• Close to I-5, Heritage Mall, and Swan Lakes• Near major roads and transportation routes• Strong local housing demand driven by population growth• Located in the Willamette Valley with steady regional expansionMarketing Description• The site offers potential for up to approximately 125 townhomes or 100+ multifamily units, subject to buyer's design, zoning interpretation, and municipal approvals.• Zoning allows for a range of housing types, making the property well-suited for developers seeking to implement their own site plan and product mix rather than inherit pre-set designs.• Located near Highway 99E with convenient access to I-5, providing efficient north-south connectivity to Salem (± 25 minutes), Corvallis (± 15 minutes), Eugene (± 40 minutes), and the broader Willamette Valley.• Predominantly flat topography helps minimize grading and site-work costs, improving overall project feasibility and design efficiency.• Water, sewer, and power are available nearby, supporting streamlined infrastructure planning and reducing upfront development hurdles.• Albany continues to see population growth and sustained housing demand driven by regional employment, affordability relative to larger metros, and its central Willamette Valley location.• Positioned within an established area near employment centers, schools, and services, enhancing future resident appeal and long-term rental or for-sale performance.• One of the few remaining vacant residentially zoned parcels of scale in this submarket, offering developers a chance to execute a custom project in a supply-constrained environment.

Location

State OR

County Linn

Area _221

Zoning R-5

Exterior

Utilities Available ElectricityAvailable

Garage No

Schools

Elementary Schools South Shore

Middle Schools Calapooia

High Schools South Albany

Others

Acceptable Financing CallListingAgent

Listing Terms CallListingAgent

Regional Multiple Listing Service (RMLS)

Nearby Locations

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At simpliHŌM, we know firsthand that real estate is about more than houses — it’s about people, families, and the places they call home. Our journey didn’t begin in a boardroom or with limitless resources. It began with adversity.

Our Founder & CEO, Sean Miku, once found himself on food stamps, without a home, and forced to pick the lock on a water meter just to give his baby girl her first bath. Out of those struggles came a relentless determination to build something better — not only for his own family, but for every agent and client who deserved a simpler, more supportive way to experience real estate.

With just $30,000 and four agents, simpliHŌM was launched in 2018. From those humble beginnings, we’ve grown into a thriving, people-first brokerage spanning multiple states and serving thousands of agents nationwide — all driven by the same mission: Making Real Estate Simple.

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+1(509) 460-0410

anthonydang@simplihom.com