Albany Land Parcels for
For Sale
$2,250,000
840 Airport Road Southeast, Albany, OR 97322
Two prime parcels in Albany, OR, ready for immediate development.
Property Size281,397 SF
Lot Size6.46 Acres
Price / SF$7
Days on Market245
Property Features for 840 Airport Road Southeast
General Information
Standard status
Active
Size
281,397 SF
Lot size
6.46 Acres
Property subtype
Land / Multi Family
Zoning
R-5
Taxes and HOA fees
Annual Taxes
$2,973
Listing Agency:
Norris & Stevens Investment Real Estate Services
(503) 223-3171
Listed By:
David Keys · License #820600052
(503) 223-3171
Source:
Compass
Added: Dec 7, 2025
Changed: Aug 8
Last Checked: Jul 16 at 8:05AM
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 Real Estate Services
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 R-5 and situated in Albany, Oregon, 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, making it suitable for immediate development. A fully approved Planned Development covers the combined 6.5 acres, including entitlements for a 44-unit multifamily project across four buildings, 11 homes, and 31 garage/storage units measuring 10 feet by 20 feet. The project is shovel-ready, with completed and stamped civil engineering and architectural plans, approved landscape and erosion control plans, purchased permits, completed tree removal and wetland delineations, and site improvements ready to commence.
Key Highlights
- Shovel‑ready: Begin construction immediately with all permits purchased and plans approved.
- Fully approved Planned Development for a 44‑unit multifamily project, 11 homes, and 31 storage units.
- Two parcels totaling 6.5 acres zoned R‑5, ideal for residential development.
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 Road Southeast 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: Begin construction immediately with all permits purchased and plans approved.; Fully approved Planned Development for a 44‑unit multifamily project, 11 homes, and 31 storage units.; Two parcels totaling 6.5 acres zoned R‑5, ideal for residential development.
