Two-Bedroom Residential Income
1-1010 Geary St Se, Albany, OR 97321
For Sale
Contact for pricing
Manufactured home in a 55+ park with a covered patio, storage shed, and included utility services.
Property Size576 SF
Price / SF$34.72
Days on Market289
Property Features for 1-1010 Geary St Se
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Listing Agency:
KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM
(541) 451-2211
Listed By:
LAURA GILLOTT · License OR #920300248
(541) 990-7785
Source:
Exprealty
Added: Jan 30
Changed: Nov 10
Last Checked: Nov 12 at 9:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 576-square-foot, two-bedroom, one-bath home is located in a 55+ park in Albany, Oregon. The residence includes a covered patio and a spacious storage shed, providing additional outdoor and storage areas.
Water, sewer, and garbage are included with the park rent. The property is positioned near shopping, restaurants, and everyday services, with an address at 1-1010 Geary St SE.
Water, sewer, and garbage are included with the park rent. The property is positioned near shopping, restaurants, and everyday services, with an address at 1-1010 Geary St SE.
Key Highlights
- 576‑square‑foot home with 2 bedrooms and 1 bath
- Located in a 55+ park
- Water, sewer, and garbage included with park rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,009
Suggested Prices Based on Cap Rates
Cap Rate 5%
$100,180
$100.2K
Cap Rate 7%
$71,557
$71.6K
Cap Rate 9%
$55,656
$55.7K
Market Conditions
NOI Build-Up for 576 SF
Gross rent
$9.3K $16.20/SF
− Vacancy
−$224 −$0.39/SF
EGI
$9.1K $15.81/SF
− OpEx
−$4.1K −$7.12/SF
NOI
$5.0K $8.70/SF
Area
Linn County, OR
Vacancy
2.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$100,180
Cap Rate 7%
$71,557
Cap Rate 9%
$55,656
Alternative Uses
Best Use
Apartment 5plus
$71.6K
$62.6K – $83.5K
NOI $5,009 @ 7.0% cap · market cap 25.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$167.8K
$146.8K – $195.8K
NOI $11,746 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 97321, OR
30,291
Population
11,790
Households
2.6
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
69.1 sq mi
ZIP Area
438
Density / Sq Mi
$95,687
Median Household Income
$45,963
Median Earnings
$1,264
Median Rent
$442,400
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Linn County, OR
Properties on Market for Residential income properties in Linn County
Frequently Asked Questions
What type of property is this?
Residential income property - Manufactured home in a 55+ park with a covered patio, storage shed, and included utility services.
Where is this residential income property located?
The property is located at 1-1010 Geary St Se Albany, OR.
What are key features of this property?
This property features: 576‑square‑foot home with 2 bedrooms and 1 bath; Located in a 55+ park; Water, sewer, and garbage included with park rent
