840 Airport Rd, Albany, OR 97322

Albany
Local realty services provided by:Knipe Realty ERA Powered
840 Airport Rd,Albany, OR 97322
$2,250,000
  • 6.46 Acres
  • Lots / Land
  • Active
Listed by: david keys
Office: norris & stevens investment real estate services503-223-3171
MLS#:560658359
Source:PORTLAND

Price summary

  • Price:$2,250,000

About this home

Investment Highlights• Total land area: ± 6.46 AC ( ± 281,398 sf)• Buildable area: ± 4.70 AC ( ± 204,732 sf)• ± 3.22 AC and ± 3.24 AC parcels• Zoned R-5 (low- to moderate-density residential)• Close to I-5, Heritage Mall, and Swan Lakes• Near major roads and transportation routes• Strong local housing demand driven by population growth• Located in the Willamette Valley with steady regional expansionMarketing Description• The site offers potential for up to approximately 125 townhomes or 100+ multifamily units, subject to buyer's design, zoning interpretation, and municipal approvals.• Zoning allows for a range of housing types, making the property well-suited for developers seeking to implement their own site plan and product mix rather than inherit pre-set designs.• Located near Highway 99E with convenient access to I-5, providing efficient north-south connectivity to Salem (± 25 minutes), Corvallis (± 15 minutes), Eugene (± 40 minutes), and the broader Willamette Valley.•...

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Home facts

  • Listing ID #:560658359
  • Added:289 day(s) ago
  • Updated:October 01, 2026 at 12:04 PM

Structure and exterior

  • Lot area:6.46 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 Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: October 1, 2026

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