Two-Unit Duplex with Private
For Sale
$384,900
1115 Queen Av SE, Albany, OR 97322
Multi Family, Albany, OR
Property Size1,598 SF
Lot Size0.18 Acres
Price / SF$240.86
Days on Market51
Property Features for 1115 Queen Av SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Albany-RS-6.5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4
Patio and Porch features
Patio
Subdivision
Amended Plat Of Oak Grove
Lot features
Lot: 19
Elementary school
South Shore
Middle school
North Albany
High school
South Albany
Standard status
Active
APN
11S03W07DA01901
Size
1,598 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3324
Utilities
Heating system
Electric (Heating)
Amenities
backyard
Building Details
Year built
1968
Number of units
2
Flooring type
Tile, Laminate, Carpet
Listing Agency:
HOMESMART REALTY GROUP · HomeSmart International
(971) 599-5865
Listed By:
CHASE LOPEZ
(541) 401-9467
Added: Sep 3
Changed: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 845355
Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,598-square-foot duplex contains two separate units, each with two bedrooms and one bathroom. Both residences have a private garage and backyard, and a patio is also listed among the property features. Flooring includes carpet, tile, and laminate, with electric heating. Built in 1968, the property occupies a 0.18-acre lot and is zoned Albany-RS-6.5.
The left-hand unit is vacant. The property is located in Albany, Oregon, at 1115 Queen Av SE.
The left-hand unit is vacant. The property is located in Albany, Oregon, at 1115 Queen Av SE.
Key Highlights
- Two units, each with 2 bedrooms, 1 bathroom, and 799 square feet
- Private garage and backyard for each unit
- 1,598‑square‑foot duplex on a 0.18‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,085
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,700
$301.7K
Cap Rate 7%
$215,500
$215.5K
Cap Rate 9%
$167,611
$167.6K
Market Conditions
NOI Build-Up for 1,598 SF
Gross rent
$22.1K $13.80/SF
− Vacancy
−$503 −$0.31/SF
EGI
$21.5K $13.49/SF
− OpEx
−$6.5K −$4.05/SF
NOI
$15.1K $9.44/SF
Area
Linn County, OR
Vacancy
2.28%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,700
Cap Rate 7%
$215,500
Cap Rate 9%
$167,611
Alternative Uses
Best Use
Multifamily LT 5
$215.5K
$188.6K – $251.4K
NOI $15,085 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$198.5K
$173.7K – $231.6K
NOI $13,896 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$465.5K
$407.3K – $543.1K
NOI $32,587 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
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Business Placement
Demographics for 97322, OR
37,148
Population
14,867
Households
2.5
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
63.3 sq mi
ZIP Area
587
Density / Sq Mi
$68,536
Median Household Income
$43,530
Median Earnings
$1,335
Median Rent
$321,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, one bathroom, and a private backyard.
Where is this duplex located?
The property is located at 1115 Queen Av SE Albany, OR.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bathroom, and 799 square feet; Private garage and backyard for each unit; 1,598‑square‑foot duplex on a 0.18‑acre lot
