Duplex with Loft
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 Market375
Property Features for 2522/2520 Main St SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Bedrooms
2
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Loft, Bathroom 2, Bedroom 2
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
Zoned, Electric (Heating), Baseboard
Amenities
large backyard
garage with laundry hook-ups
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: Oct 28
Last Checked: Nov 2 at 4:06PM
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.
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Investment Insights
Based on property information with market context.
This Albany duplex contains two homes with a combined 2,080 square feet on a 0.23-acre lot. The layout includes a living room, kitchen, half bath, and an upper-level loft with a closet that can serve as bonus or flex space. A garage has laundry hookups, and a slider opens to the backyard. Flooring includes vinyl and carpet; heating is electric, baseboard, and zoned. The roof is composition, and the property was built in 1968.
Located at 2522/2520 Main St SE, the property is zoned RM. A patio is among the outdoor features.
Located at 2522/2520 Main St SE, the property is zoned RM. A patio is among the outdoor features.
Key Highlights
- Two‑home duplex with 2,080 square feet
- 0.23‑acre lot in RM zoning
- Upper‑level loft includes a closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,635
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,700
$392.7K
Cap Rate 7%
$280,500
$280.5K
Cap Rate 9%
$218,167
$218.2K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$28.7K $13.80/SF
− Vacancy
−$654 −$0.31/SF
EGI
$28.0K $13.49/SF
− OpEx
−$8.4K −$4.05/SF
NOI
$19.6K $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%
$392,700
Cap Rate 7%
$280,500
Cap Rate 9%
$218,167
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.
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Location Intelligence
Trade Area within ½ mile
208
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 - RM-zoned property combines two homes with garage laundry hookups and a backyard patio.
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: Two‑home duplex with 2,080 square feet; 0.23‑acre lot in RM zoning; Upper‑level loft includes a closet
