840 Airport Rd, Albany, OR 97322
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
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.• Predominantly flat topography helps minimize grading and site-work costs, improving overall project feasibility and design efficiency.• Water, sewer, and power are available nearby, supporting streamlined infrastructure planning and reducing upfront development hurdles.• Albany continues to see population growth and sustained housing demand driven by regional employment, affordability relative to larger metros, and its central Willamette Valley location.• Positioned within an established area near employment centers, schools, and services, enhancing future resident appeal and long-term rental or for-sale performance.• One of the few remaining vacant residentially zoned parcels of scale in this submarket, offering developers a chance to execute a custom project in a supply-constrained environment....
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Home facts
- Listing ID #:560658359
- Added:310 day(s) ago
- Updated:October 22, 2026 at 12:02 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)
All 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 Better Homes and Gardens Real Estate Equinox 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 22, 2026New listings near 840 Airport Rd
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