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Albany
$2,595,000
Save- Lot size
- 10.45 acres
- Property type
- Land
- Days on market
- 40
Overview
Development opportunity in growing East Albany! Approximately 10.45 acres of vacant land zoned RM – Residential Medium Density, offering excellent potential for future multifamily residential development. Mostly level terrain with a regular shape provides flexibility for site planning and development. Conveniently located near Meadow Ridge Elementary and Timber Ridge School, with easy access to shopping, services, major arterials and I-5. The surrounding East Albany area continues to see residential growth and investment, creating an attractive opportunity for a multifamily developer, builder or long-term investor. The property is outside known high-risk flood zones, although portions include designated wetlands. Public utilities are available in the area. Buyer to perform all due diligence regarding permitted uses, density, utilities, wetlands and development potential.
Details
Interior
- Cooling
- No
- Heating
- No
Exterior and lot
- Lot size
- 10.45 acres
- Lot features
- Cleared, Public Road
- View
- No
Schools
- High school
- South Albany
- Middle school
- Timber Ridge
- Elementary school
- Meadow Ridge
Location
- City
- Albany
- County
- Linn
- Zoning
- RM
Taxes and dues
- Annual taxes
- $7,301
Location
Timber Ridge St, Albany, OR 97322

Monthly payment estimate
$14,420 /mo
- Principal and interest
- $13,812
- Property tax
- $608
- Total
- $14,420
Estimate only, and not an offer of credit. Assumes 20% down ($519,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

















