Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multifamily Development Land Site Title is generated by Realmo AI

    1401 45th Av, Sweet Home, OR 97386

    View on Map
    Claim this Listing
    For Sale
    $445,000

    LAND - Sweet Home, OR

    Lot size:
    2.71 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    198
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 1401 45th Av

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    C2
    Standard status
    Active
    APN
    0947438
    Lot size
    2.71 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4288

    We can help!

    Listing Contact
    SHASTA KRAKE

    Listing agent SHASTA KRAKE License #200603258

    Listing office REALTY ONE GROUP WILLAMETTE VALLEY 2668 CASCADIA INDUSTRIAL ST SE #150, Salem, OR

    Listing date Nov 19, 2025

    MLS# 835526 Listing URL

    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.

    HighLights

    • 2.71‑acre multi‑family development site with full engineered plans for a 36‑unit apartment complex
    • Plans include parking, utilities, grading, and building layouts
    • C‑2 zoning
    • Flat, usable land prepared for immediate development
    • All utilities are close or available

    Overview

    This offering is a shovel-ready multifamily development site totaling 2.71 acres in Sweet Home, Oregon. The property has full engineered plans for a 36-unit apartment complex, including parking, utilities, grading, and building layouts. The land is described as flat and usable, with site work and planning intended to support immediate development. Utilities are indicated as close or available, and supporting documentation is available for review.

    The site is located in an established subdivision near schools and shopping and other services, supporting convenience for residents and visitors. Zoning is listed as C-2, aligning with the planned multifamily apartment use referenced in the engineered package.

    For developers and builders, the value here is the combination of a development-sized parcel and a complete planning set for a specific 36-unit project concept. The inclusion of parking, utilities, grading, and layout plans can reduce early-stage design uncertainty and help streamline pre-development coordination for a multifamily apartment build. Interested parties should review the associated engineered documents for the full scope and details of the proposed development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Department Store Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sweet Home
    County
    Linn
    State
    Oregon
    Longitude
    -122.685907
    Latitude
    44.406498

    Nearby Similar for Sale

    • $349,900
      1,092 SF

      Duplex With Two Garages

      Duplex offers two updated two-bedroom units, each with a one-car garage, plus yard space and in-unit laundry hookups.
      5351 Osage St, Sweet Home, OR 97386
      View Details
    • $920,000
      1,746 SF

      Sweet Home Restaurant with Drive-Thru

      Remodeled restaurant on a large lot with development potential.
      2301 Main St, Sweet Home, OR 97386
      View Details
    • $210,000

      Buildable Land with Well

      Buildable 5.08-acre parcel in RR-5 with an existing well and utilities available at the property edge.
      0 (TL 207) Ridgeview Ln, Sweet Home, OR 97386
      View Details
    • $165,000

      Sweet Home Land with Views

      1.24-acre land with well, ready for your dream home.
      40080 Highway 228, Sweet Home, OR 97386
      View Details
    • $445,000

      Shovel-Ready Multi-Family Development Land

      C-2 zoned, flat residential development site with engineered plans for a 36-unit apartment complex.
      1401 45th Av, Sweet Home, OR 97386
      View Details
    • $995,000
      16,375 SF

      Warehouse with Office and Storage

      Two-story warehouse with offices, lobby, and fenced area.
      1305 Clark Mill Rd, Sweet Home, OR 97386
      View Details
    • $210,000

      Sweet Home Buildable Land

      5.08 acres of land near Foster Lake.
      (TL 207) Ridgeview Ln, SweetHome, OR 97386
      View Details
    • $189,000

      Land with Stunning Views

      13.64-acre parcel with gated entry and full fencing.
      TL 823181 Scott Mountain Rd, Sweet Home, OR 97386
      View Details
    • $535,000

      Commercial Industrial Land with Highway Exposure

      12.31-acre parcel with utilities nearby and engineering materials prepared for a storage-unit style development.
      2414 Next To Main St, Sweet Home, OR 97386
      View Details
    • $535,000

      Commercial Land with Highway Exposure

      12.31-acre commercial/industrial site in Sweet Home with utilities nearby and engineering, geo, and wetland work completed.
      2414 Next To Main St, Sweet Home, OR 97386
      View Details
    • $175,000

      Sweet Home Acreage with Lake View

      1.7-acre lot with lake views in Sweet Home, Oregon.
      6332 Lake Pointe Wy, Sweet Home, OR 97386
      View Details
    • $1,750,000

      Sweet Home Land Subdivision Opportunity

      27.52 acre R-2 zoned land with subdivision approval.
      4901 Highway 20, Sweet Home, OR 97386
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - C-2 zoned, shovel-ready land in Sweet Home with engineered plans for a 36-unit apartment complex.
    Where is this residential land & home lot located?
    The property is located at 1401 45th Av Sweet Home, OR.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: 2.71‑acre multi‑family development site with full engineered plans for a 36‑unit apartment complex; Plans include parking, utilities, grading, and building layouts; C‑2 zoning
    (541) 619-2105
    We can help!
    Listing Contact
    SHASTA KRAKE
    Real Estate License ID: 200603258
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1401 45th Av, Sweet Home, OR 97386
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!