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1921-1925 SW Elm St 4 Unit Apartment Building $599,999 ($150,000/Unit) Albany, OR 97321
Executive Summary
Outstanding investment opportunity! Prime location near schools and a major thoroughfare. First time on the market in 20 years with an exceptional rental history—just one vacancy in the past decade. Features include a 30-year membrane roof, fresh exterior paint (June 2026), low-maintenance ownership, and no owner-paid utilities. Below-market rents provide dependable income today with strong potential for increased returns over time.
Property Facts
| Price | $599,999 | Building Class | C |
| Price Per Unit | $150,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 3,232 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | ||
| Zoning | RM3 | ||
| Price | $599,999 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,232 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Zoning | RM3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0144176 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $237,640 |
Property Taxes
Parcel Number
0144176
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$237,640
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1921-1925 SW Elm St
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