840 Airport Rd, Albany, OR 97322

Local realty services provided by:ERA Freeman & Associates, Realtors
840 Airport Rd,Albany, OR 97322
$2,250,000
  • 3.22 Acres
  • Lots / Land
  • Active
Listed by: david keys
Office: norris & stevens investment real estate services
MLS#:560658359
Source:PORTLAND

Price summary

  • Price:$2,250,000

About this home

This offering includes two prime parcels—3.22 acres and 3.24 acres—zoned R-5 and located in Albany, OR, just south of Swan Lakes and under half a mile from Heritage Mall. With proximity to major transit corridors, established infrastructure, and a strong local community, the property is well-positioned for immediate development.A fully approved Planned Development covers the combined 6.5 acres and includes entitlements for:• A 44-unit multifamily project across four buildings• 11 homes• 31 garage/storage units (10'x20')The project is shovel-ready: civil engineering and architectural plans are complete and stamped, landscape and erosion control plans are approved, permits are purchased, tree removal and wetland delineations are done, and all site improvements are ready to begin.

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Home facts

  • Listing ID #:560658359
  • Added:3 day(s) ago
  • Updated:December 17, 2025 at 03:02 PM

Structure and exterior

  • Lot area:3.22 Acres

Schools

  • High school:South Albany
  • Middle school:Calapooia
  • Elementary school:South Shore

Finances and disclosures

  • Price:$2,250,000
  • Tax amount:$2,973 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than ERA Freeman & Associates, Realtors are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: December 17, 2025

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