2-Unit Duplex with
For Sale
$699,900
31534-31536 Easy Av SW, Albany, OR 97321
Multi Family, Albany, OR
Property Size2,220 SF
Lot Size0.97 Acres
Price / SF$315.27
Days on Market176
Property Features for 31534-31536 Easy Av SW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RR2.5
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2
Patio and Porch features
Patio
Subdivision
Simco
Lot features
Dimension Above, Lot: 7
View
Territorial
Elementary school
Liberty
Middle school
Memorial
High school
West Albany
Directions
Queen to Oakville Rd., Left on Easy Ave, Duplex on the Right.
Standard status
Active
APN
0150819
Size
2,220 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Year
51
Tax Annual Amount
4920
Utilities
Heating system
Forced Air, Central, Natural Gas
Water source
Well
Amenities
built-ins & storage
inside utility
covered patios
gas forced air
central air conditioning
Building Details
Year built
1968
Number of units
2
Flooring type
Carpet, Vinyl
Roof type
Composition, Shingle
Listing Agency:
EXP REALTY, LLC
(888) 814-9613
Listed By:
NANCY KRUSE · License #900600026
(541) 936-2043
Added: May 8
Changed: Oct 28
Last Checked: Oct 30 at 5:06AM
MLS# 840838
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.
Built in 1968, the duplex contains 2,220 square feet across two residences, each with two bedrooms, one bathroom, built-in storage, an interior utility area, a covered patio, and a single-car garage. The property also includes a separate shop measuring approximately 30 by 24 feet, plus a larger outbuilding with a covered RV area, shop space, and two additional bays.
The property occupies 0.97 acres and is zoned RR2.5. Central air conditioning was installed in 2019, and the roofs were replaced in 2021. Heating is by natural gas forced air.
The property occupies 0.97 acres and is zoned RR2.5. Central air conditioning was installed in 2019, and the roofs were replaced in 2021. Heating is by natural gas forced air.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,220 square feet of building area on 0.97 acres
- Separate shop measuring approximately 30 by 24 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,956
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,120
$419.1K
Cap Rate 7%
$299,371
$299.4K
Cap Rate 9%
$232,844
$232.8K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$30.6K $13.80/SF
− Vacancy
−$699 −$0.31/SF
EGI
$29.9K $13.49/SF
− OpEx
−$9.0K −$4.05/SF
NOI
$21.0K $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%
$419,120
Cap Rate 7%
$299,371
Cap Rate 9%
$232,844
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$275.8K
$241.3K – $321.8K
NOI $19,305 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$646.7K
$565.9K – $754.5K
NOI $45,271 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
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Business Placement
Demographics for 97321, OR
30,291
Population
11,790
Households
2.6
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
69.1 sq mi
ZIP Area
438
Density / Sq Mi
$95,687
Median Household Income
$45,963
Median Earnings
$1,264
Median Rent
$442,400
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 - Each residence has two bedrooms, a covered patio, a single-car garage, and interior utility space.
Where is this duplex located?
The property is located at 31534-31536 Easy Av SW Albany, OR.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,220 square feet of building area on 0.97 acres; Separate shop measuring approximately 30 by 24 feet
