Duplex with Bonus
For Sale
$398,000
2522 /2520 Main St SE, Albany, OR 97322
Two residences share a flexible layout with backyard space and garage laundry connections.
Property Size2,080 SF
Price / SF$191.35
Days on Market60
Property Features for 2522 /2520 Main St SE
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1968
Listing Agency:
EXP REALTY, LLC
Listed By:
ELIZABETH BOISVERT
(541) 243-2547
Source:
Wisser
Added: Aug 18
Changed: Oct 14
Last Checked: Oct 5 at 9:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex, built in 1968, provides 2,080 square feet across two homes. The described layout includes a main-level living room, half bath, and spacious kitchen with slider access to a large backyard. A garage provides laundry hookups.
Upstairs, a loft or bonus area includes a closet and can function as a second bedroom or flexible additional space. The property includes two addresses: 2522 and 2520 Main St SE, Albany, Oregon 97322.
Upstairs, a loft or bonus area includes a closet and can function as a second bedroom or flexible additional space. The property includes two addresses: 2522 and 2520 Main St SE, Albany, Oregon 97322.
Key Highlights
- Duplex with two homes at 2522 and 2520 Main St SE
- 2,080 square feet of property size
- Built in 1968
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences share a flexible layout with backyard space and garage laundry connections.
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: Duplex with two homes at 2522 and 2520 Main St SE; 2,080 square feet of property size; Built in 1968
