Building Details

Year Built 1969

Listing Agency: STELLAR REALTY NORTHWEST

Listed By: KATY ROSECRANS · License #200402282 Show Phone

Source: Oregonhomeshop

Added: Jul 28 Changed: Oct 3 Last Checked: Oct 7 at 3:04PM

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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.

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 / Yr

$32,473

Cap Rate

4.42%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $32,473 @ 7.0% cap · market cap 4.42%

Second Best

Apartment 5plus

$427.4K

$373.9K – $498.6K (±1% cap)

NOI $29,915 @ 7.0% cap · market cap 4.07%

Theoretical Best

Office A

$1.00M

$876.9K – $1.17M (±1% cap)

NOI $70,150 @ 7.0% cap · market cap 9.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

ATI Albany Operations ... Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Restaurant Spa & Massage Center Hair Salon Parking Lot & Garage (Bike/Boat/Book/etc) Store

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

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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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 $735,000.

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