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Fully Rented Office Building with 19 Offices
For Sale
$1,295,000

425 2nd Av, Albany, OR 97321

COMMERCIAL - Albany, OR

Property Size14,702 SF
Lot Size0.37 Acres
Price / SF$88.08
Days on Market67

Property Features for 425 2nd Av

General Information

Property type Commercial Sale
Property subtype Office
Zoning Albany HD
View Territorial
Directions Across from P.O. on 2nd Ave
Standard status Active
Size 14,702 SF
Lot size 0.37 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 23740

Utilities

Heating system Forced Air, Natural Gas, Electric (Heating)

Building Details

Year built 1955
Listing Agency: EXP REALTY, LLC
Listed By: ANDREA BEEM · License #200805169
Added: Jun 15 Changed: Aug 4 Last Checked: Aug 20 at 6:06AM
MLS# 842895

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.

Fully rented office building at 425 2nd Av in downtown Albany, OR, configured with 19 office spaces in total. Some spaces have been turned into individual offices, a setup described as hard to find in Albany. The property includes interior upgrades, too many to list.

The building sits on a 0.37-acre lot and has a total size of 14,702 SF. It was built in 1955 and is zoned Albany HD. Heating is provided via forced air with natural gas and electric (heating) systems.

Key Highlights

  • Fully rented office building with 19 office spaces
  • Some suites converted to individual offices
  • 0.37‑acre lot

Property Analytics

Current Use

Hunking Law, LLC Law Firm Raybar Professional Center Business Service Center Boy Scouts of America, ... Child Welfare Organization Kyler Gulaskey, Licensed ... Real Estate Agency Nuclear Medicine Consltng ... Medical Clinic

Suggested Use

Top Pick Pharmacy HVAC Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Butcher Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19
Office units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,482
Businesses Nearby

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

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Downtown Albany fully rented office building offering 19 office spaces and forced-air heating on a 0.37-acre lot.
Where is this office building located?
The property is located at 425 2nd Av Albany, OR.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Fully rented office building with 19 office spaces; Some suites converted to individual offices; 0.37‑acre lot
More about this property
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