Don't miss out on this incredible investment opportunity! This fourplex is centrally located in the heart of Albany. BRAND NEW ROOF! NEW electrical panels in each unit. Three units are currently occupied by reliable tenants, while the newly renovated unit 1229 is available for a buyer who may wish to occupy the property. There are excellent loan products available for buyers looking to owner-occupy and take advantage of the property's current cash flow. Unit 1227 was renovated in 2023. Book a tour today!
Sold for $745,000
Listed by: Redfin
Bought with: Redfin
$745,000
1227 Water Ave NE, Albany, OR 97321
8beds
4baths
3,496sqft
Quadruplex
Built in 1971
-- sqft lot
$-- Zestimate®
$213/sqft
$2,089 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,089/mo
Zestimate® history
Owner options
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$2,089/mo
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$2,089/mo
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$4,492/mo
Est. payment
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$4,492/mo
Est. payment
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List your homeWhat's special
Newly renovated unitBrand new roof
Zillow last checked:
Listing updated:
Listed by:
JOEL BUMGARNER Cell:541-990-4741,
Redfin
Bought with:
JOEL BUMGARNER
Redfin
Source: WVMLS,MLS#: 824002
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Dining room
- Features: Area (Combination)
Heating
- Natural Gas, Electric, Forced Air
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater, Gas Water Heater, Refrigerator
- Laundry: W/D Hookup
Features
- Flooring: Carpet, Laminate
- Has fireplace: No
Interior area
- Total structure area: 3,496
- Total interior livable area: 3,496 sqft
Property
Features
- Patio & porch: Covered Deck, Covered Patio
- Fencing: Partial
Lot
- Size: 0.25 Acres
Details
- Additional structures: RV/Boat Storage
- Parcel number: 00336160
- Zoning: RM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding, T111
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Albany
- Subdivision: Hacklemans 3rd Addition
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $745K - $745K
- Listing terms: Cash,Conventional,VA Loan,ODVA,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Sold | $745,000$213/sqft |
Source:  WVMLS #824002 Report a problem | ||
| 2/24/2026 | Pending sale | $745,000$213/sqft |
Source: WVMLS #824002 Report a problem | ||
| 2/17/2025 | Contingent | $745,000$213/sqft |
Source: WVMLS #824002 Report a problem | ||
| 1/14/2025 | Price change | $745,000-3.9%$213/sqft |
Source: WVMLS #824002 Report a problem | ||
| 12/20/2024 | Listed for sale | $775,000+40.9%$222/sqft |
Source: WVMLS #824002 Report a problem | ||
| 6/21/2019 | Listing removed | $550,000$157/sqft |
Source: BERKSHIRE HATHAWAY HOMESERVICES R E PROF #746066 Report a problem | ||
| 3/20/2019 | Listed for sale | $550,000+104.5%$157/sqft |
Source: BERKSHIRE HATHAWAY HOMESERVICES R E PROF #746066 Report a problem | ||
| 3/7/2007 | Sold | $269,000$77/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,258 +2.9% | $264,190 +3% |
| 2023 | $5,109 +1.6% | $256,500 +3% |
| 2022 | $5,028 | $249,030 +3% |
| 2021 | -- | $241,780 +3% |
| 2020 | $4,669 +2.4% | $234,740 +3% |
| 2019 | $4,560 +2.7% | $227,910 +3% |
| 2018 | $4,442 | $221,280 +3% |
| 2017 | $4,442 +3% | $214,840 +3% |
| 2016 | $4,312 +7.3% | $208,590 +3% |
| 2015 | $4,019 +2% | $202,520 +3% |
| 2014 | $3,942 +6.5% | $196,630 +3% |
| 2013 | $3,700 +947.4% | $190,910 +3% |
| 2012 | $353 -89.6% | $185,350 +3% |
| 2011 | $3,409 +3.2% | $179,960 +3% |
| 2010 | $3,305 +6.8% | $174,720 +3% |
| 2009 | $3,096 | $169,640 +3% |
| 2008 | $3,096 +2.6% | $164,700 +3% |
| 2007 | $3,018 +12.5% | $159,904 +3% |
| 2006 | $2,683 +2.4% | $155,247 +3% |
| 2005 | $2,620 +2.1% | $150,727 +3% |
| 2004 | $2,565 +2.8% | $146,338 +3% |
| 2003 | $2,495 | $142,077 |
Find assessor info on the county website
Neighborhood: Willamette
Nearby schools
GreatSchools rating
- 2/10Waverly Elementary SchoolGrades: K-5Distance: 0.7 mi
- 5/10Memorial Middle SchoolGrades: 6-8Distance: 1.7 mi
- 8/10West Albany High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Waverly
- Middle: Memorial
- High: West Albany
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Oregon
- Linn County
- Albany
- 97321
- Willamette
- 1227 Water Ave NE
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