Duplex with
For Sale
$398,000
2522/2520 Main St SE, Albany, OR 97322
MULTI_FAMILY - Albany, OR
Property Size2,080 SF
Lot Size0.23 Acres
Price / SF$191.35
Days on Market283
Property Features for 2522/2520 Main St SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
2
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Loft
Patio and Porch features
Patio
Subdivision
Hollywood Acres
Lot features
Lot: 14
Elementary school
Lafayette
Middle school
Calapooia
High school
South Albany
Directions
Hwy 22, Hill, Main, West side of St.
Standard status
Active
APN
0123048
Size
2,080 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4095
Utilities
Heating system
Baseboard, Zoned, Electric (Heating)
Building Details
Year built
1968
Number of units
2
Flooring type
Vinyl, Carpet
Roof type
Composition
Listing Agency:
EXP REALTY, LLC
(888) 814-9613
Listed By:
ELIZABETH BOISVERT
(541) 243-2547
Added: Oct 24, 2025
Changed: Jul 30
Last Checked: Aug 2 at 3:06PM
MLS# 834802
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 offers two homes in one layout, with the main level featuring a living room, half bath, and spacious kitchen with a slider to a large backyard. The garage includes laundry hook-ups, and the interior includes vinyl and carpet flooring.
Upstairs provides a loft or bonus space with a closet, which can function as a second bedroom or flex room. The property includes a patio and composition roof, with heating provided by baseboard electric heating on zoned systems.
Built in 1968, the duplex sits on a 0.23-acre lot and has a total property size of 2,080 square feet.
Upstairs provides a loft or bonus space with a closet, which can function as a second bedroom or flex room. The property includes a patio and composition roof, with heating provided by baseboard electric heating on zoned systems.
Built in 1968, the duplex sits on a 0.23-acre lot and has a total property size of 2,080 square feet.
Key Highlights
- RM zoning
- 0.23‑acre lot
- 2,080 square feet total
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 | $28.7k | $13.80 |
| − Vacancy | −$654 | −$0.31 |
| EGI | $28.0k | $13.49 |
| − OpEx | −$8.4k | −$4.05 |
| NOI | $19.6k | $9.44 |
2,080 SF · lease $13.80/SF/yr · vacancy 2.28% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.5K
$245.4K – $327.3K
NOI $19,635 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$258.4K
$226.1K – $301.5K
NOI $18,088 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$605.9K
$530.2K – $706.9K
NOI $42,416 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in RM zoning featuring a patio, two homes in one, and electric zoned baseboard heating.
Where is this duplex located?
The property is located at 2522/2520 Main St SE Albany, OR.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: RM zoning; 0.23‑acre lot; 2,080 square feet total
