Two-Story Triplex with Attached
3426 Marion 1 2 3 St SE Albany, OR 97322
For Sale
Under Contract
$540,000
MULTI_FAMILY - Albany, OR
Property Size3,027 SF
Lot Size0.32 Acres
Price / SF$178.39
Days on Market128
Property Features for 3426 Marion 1 2 3 St SE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM
Bedrooms
3
Bathrooms
5
Rooms
Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 5, Bathroom 2, Bathroom 1
Patio and Porch features
Patio
Standard status
Active Under Contract
APN
0124525
Size
3,027 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4181
Utilities
Heating system
Electric (Heating), Zoned
Building Details
Year built
1976
Number of units
3
Flooring type
Carpet, Laminate
Roof type
Composition
Listing Agency:
BLUM REAL ESTATE
(503) 485-1900
Listed By:
GLADYS BLUM
(503) 485-1900
Added: Mar 25
Changed: Jul 29
Last Checked: Jul 30 at 11:06AM
MLS# 839004
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 two-story triplex is configured with three units, and each unit includes an attached garage. The main level features an open floor plan with a great room, a fully appliance kitchen, an inside utility area, a half bath, and a slider opening to a back patio. Upper levels include a spacious primary suite with a walk-in closet and a full bath. The property also sits on a 0.32-acre parcel with fenced back yards for each unit, and a brand-new roof is scheduled for 2026.
Zoned RM, the property is located in South Albany and is described as being close to transportation, shopping, and schools.
Each unit’s layout combines functional indoor space with outdoor patio access, while the attached garage and fenced yard help support day-to-day usability for residents.
Zoned RM, the property is located in South Albany and is described as being close to transportation, shopping, and schools.
Each unit’s layout combines functional indoor space with outdoor patio access, while the attached garage and fenced yard help support day-to-day usability for residents.
Key Highlights
- Two‑story triplex on a 0.32‑acre parcel, with fenced back yards for each unit
- Each unit includes an attached garage and an open main‑level floor plan with great room
- Fully appliance kitchens, plus inside utility area and a half bath on the main level
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 | $41.8k | $13.80 |
| − Vacancy | −$952 | −$0.31 |
| EGI | $40.8k | $13.49 |
| − OpEx | −$12.2k | −$4.05 |
| NOI | $28.6k | $9.44 |
3,027 SF · lease $13.80/SF/yr · vacancy 2.28% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$408.2K
$357.2K – $476.2K
NOI $28,574 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$376.0K
$329.0K – $438.7K
NOI $26,323 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$881.8K
$771.6K – $1.03M
NOI $61,728 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Two-story triplex offers attached garages per unit, fenced back yards, and an open-concept main level.
Where is this triplex located?
The property is located at 3426 Marion 1 2 3 St SE Albany, OR.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Two‑story triplex on a 0.32‑acre parcel, with fenced back yards for each unit; Each unit includes an attached garage and an open main‑level floor plan with great room; Fully appliance kitchens, plus inside utility area and a half bath on the main level
