Four-Unit Townhouse
For Sale
$740,000
530 34th Ave SE, Albany, OR 97322
Townhouse-style income property with varied unit layouts, rear parking, and washer-dryer connections.
Property Size3,440 SF
Price / SF$215.12
Days on Market34
Property Features for 530 34th Ave SE
General Information
Standard status
Active
Size
3,440 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 3 x 2BR/1BA
Multifamily Units
4
Amenities
W/D hook ups
Building Details
Year Built
1969
Listing Agency:
STELLAR REALTY NORTHWEST
(541) 905-1962
Listed By:
KATY ROSECRANS · License #200402282
Source:
Oregonhomeshop
Added: Jul 28
Changed: Aug 29
Last Checked: Aug 29 at 11:17AM
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 STELLAR REALTY NORTHWEST
Investment Insights
Based on property information with market context.
This four-unit property at 530 34th Ave SE in Albany features townhouse-style residences totaling 3,440 square feet. The unit mix includes one larger residence with three bedrooms and one-and-a-half baths, along with three two-bedroom, one-bath units. Each residence has washer-dryer hookups, and parking is positioned behind the units.
The property was built in 1969. One unit, 530, received a remodel within the last year, while the remaining residences were updated within the last 6 years. The roof is 13 years old, providing a clear reference point for evaluating the existing improvements.
The property was built in 1969. One unit, 530, received a remodel within the last year, while the remaining residences were updated within the last 6 years. The roof is 13 years old, providing a clear reference point for evaluating the existing improvements.
Key Highlights
- Four townhouse‑style units totaling 3,440 square feet
- Unit mix includes one 3‑bed/1.5‑bath unit and three 2‑bed/1‑bath units
- Rear parking serves the residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,473
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,460
$649.5K
Cap Rate 7%
$463,900
$463.9K
Cap Rate 9%
$360,811
$360.8K
Market Conditions
NOI Build-Up for 3,440 SF
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.
Gross rent
$47.5K $13.80/SF
− Vacancy
−$1.1K −$0.31/SF
EGI
$46.4K $13.49/SF
− OpEx
−$13.9K −$4.05/SF
NOI
$32.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,460
Cap Rate 7%
$463,900
Cap Rate 9%
$360,811
Alternative Uses
Best Use
Multifamily LT 5
$463.9K
$405.9K – $541.2K
NOI $32,473 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$427.4K
$373.9K – $498.6K
NOI $29,915 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.00M
$876.9K – $1.17M
NOI $70,150 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
186
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Townhouse-style income property with varied unit layouts, rear parking, and washer-dryer connections.
Where is this quadplex located?
The property is located at 530 34th Ave SE Albany, OR.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Four townhouse‑style units totaling 3,440 square feet; Unit mix includes one 3‑bed/1.5‑bath unit and three 2‑bed/1‑bath units; Rear parking serves the residences
