Duplex with Private
1120-1124 Sherman St SE Albany, OR 97322
New
For Sale
$329,900
MULTI_FAMILY - Albany, OR
Property Size1,584 SF
Lot Size0.16 Acres
Price / SF$208.27
Days on Market2
Property Features for 1120-1124 Sherman St SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Albany RM
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1
- Patio and Porch features
- Patio
- Standard status
- Active
- APN
- 0089447
- Size
- 1,584 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 51
- Tax Annual Amount
- 3063
Utilities
- Heating system
- Electric (Heating), Forced Air, Ductless (Heating)
Building Details
- Year built
- 1955
- Number of units
- 2
- Flooring type
- Carpet, Other (refer to remarks), Vinyl
- Roof type
- Composition, Shingle
Listing Agency:
EXP REALTY, LLC
(888) 814-9613
Listed By:
NANCY KRUSE · License #900600026
(541) 936-2043
Added: Jul 23
Last Checked: Jul 24 at 3:06AM
MLS# 843806
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.
Investment Insights
Based on property information with market context.
This duplex features two separate 2-bedroom, 1-bath units, each with its own mini-split heating system. The property includes a single-car garage with a dedicated laundry area, washer/dryer hook ups, and a utility sink. Built in 1955, it’s positioned for a complete refresh.
The home is located on a quiet street in SE Albany, close to shopping, bus service, and parks. Outside, each side offers private backyard space with a patio.
The duplex configuration provides straightforward, mirrored unit layouts, making it well suited for a buyer looking to update and stabilize a residential income property.
The home is located on a quiet street in SE Albany, close to shopping, bus service, and parks. Outside, each side offers private backyard space with a patio.
The duplex configuration provides straightforward, mirrored unit layouts, making it well suited for a buyer looking to update and stabilize a residential income property.
Key Highlights
- Duplex built in 1955 with 2 bedrooms and 1 bathroom on each side
- Each unit features a mini‑split heating system
- Single‑car garage includes a laundry area with washer/dryer hookups and a utility sink
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.9k | $13.80 |
| − Vacancy | −$498 | −$0.31 |
| EGI | $21.4k | $13.49 |
| − OpEx | −$6.4k | −$4.05 |
| NOI | $15.0k | $9.44 |
1,584 SF · lease $13.80/SF/yr · vacancy 2.28% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$213.6K
$186.9K – $249.2K
NOI $14,953 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$196.8K
$172.2K – $229.6K
NOI $13,775 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$461.4K
$403.8K – $538.4K
NOI $32,301 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-bedroom, one-bath duplex with mini-split heating, attached single-car garage, and washer/dryer hook ups per unit.
Where is this duplex located?
The property is located at 1120-1124 Sherman St SE Albany, OR.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Duplex built in 1955 with 2 bedrooms and 1 bathroom on each side; Each unit features a mini‑split heating system; Single‑car garage includes a laundry area with washer/dryer hookups and a utility sink
