Albany Land Parcel for
For Sale
$2,250,000
840 Airport Rd SE, Albany, OR 97322
Two prime parcels in Albany, OR, ready for immediate development.
Property Size6 SF
Price / SF$375,000
Days on Market330
Property Features for 840 Airport Rd SE
General Information
Standard status
Active
Size
6 SF
Property subtype
Land
Listing Agency:
Norris & Stevens
(503) 440-2178
Listed By:
David Chatfield · License #OR #201208382
(503) 440-2178
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Aug 19
Last Checked: Aug 20 at 4:18AM
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 Norris & Stevens
Investment Insights
Based on property information with market context.
This offering features two parcels, one of 3.22 acres and the other of 3.24 acres, zoned RS-5 in Albany, Oregon. Situated south of Swan Lakes and less than half a mile from Heritage Mall, the property benefits from its proximity to major transit corridors, established infrastructure, and a strong local community. The location in the Willamette Valley is experiencing steady regional expansion. A fully approved Planned Development covers the combined 6.5 acres, including entitlements for a 44-unit multifamily project across four buildings, 11 single-family homes, and 31 garage/storage units measuring 10'x20'. The project is shovel-ready, with completed and stamped civil engineering and architectural plans. Landscape and erosion control plans are approved, permits are purchased, tree removal and wetland delineations are complete, and all site improvements are ready to begin. The property is near major roads and transportation routes, close to I-5, Heritage Mall, and Swan Lakes. Strong local housing demand is driven by population growth. Reports are completed and permits prepaid.
Key Highlights
- Shovel‑ready development: All permits purchased, plans approved, and site work completed for immediate construction.
- Fully approved Planned Development: Includes entitlements for a 44‑unit multifamily project, 11 single‑family homes, and 31 storage units.
- Prime location in Albany, OR: Close to I‑5, Heritage Mall, and Swan Lakes.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
578
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two prime parcels in Albany, OR, ready for immediate development.
Where is this residential land & home lot located?
The property is located at 840 Airport Rd SE Albany, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Shovel‑ready development: **All permits purchased, plans approved, and site work completed for immediate construction.**; Fully approved Planned Development: Includes entitlements for a 44‑unit multifamily project, 11 single‑family homes, and 31 storage units.; Prime location in Albany, OR: Close to I‑5, Heritage Mall, and Swan Lakes.
