2240 Water Ave NE — exterior2240 Water Ave NE — exterior2240 Water Ave NE — exterior2240 Water Ave NE — exterior2240 Water Ave NE — exterior2240 Water Ave NE — exterior2240 Water Ave NE — exterior2240 Water Ave NE — exterior2240 Water Ave NE — exterior2240 Water Ave NE — exterior2240 Water Ave NE — exterior2240 Water Ave NE — exterior

A development-ready lot in Albany, Oregon.

2240 Water Ave NE

Albany, OR 97321

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Local pulse

Water Ave NE sits in a residential pocket of Albany, Oregon, with Waverly Elementary just a couple of minutes on foot from the lot. Memorial Middle School and West Albany High School are both a short drive away. Albany's downtown core and the Willamette River are close enough to make the location genuinely convenient for future residents of whatever goes here.

Listed at

$75,000

Lot
0.37 acres
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Neighborhood intelligence

The neighborhood around this home.

Local context

Water Ave NE sits in a residential pocket of Albany, Oregon, with Waverly Elementary just a couple of minutes on foot from the lot. Memorial Middle School and West Albany High School are both a short drive away. Albany's downtown core and the Willamette River are close enough to make the location genuinely convenient for future residents of whatever goes here.

Schools nearby

  • Waverly Elementary School · Elementary0.2 mi
  • Memorial Middle School · Middle2.2 mi
  • West Albany High School · High2.3 mi

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About the home

Just over a third of an acre on Water Ave NE, this lot comes with groundwork already done. A proposed partition into two parcels is in place, and building and civil drawings are available for two distinct two-story apartment configurations — eight units total, each ranging from roughly 845 to 1,020 square feet.

The zoning opens the door to middle housing, multifamily, single-family, or manufactured home development. That flexibility is rare at this price point, and the drawings mean a builder can move quickly rather than starting from scratch.

Features

Exterior

  • 16,117 sq ft lot
  • Proposed two-parcel partition
  • Building and civil drawings available
  • Two 2-story apartment building plans
  • 8-unit multifamily configuration

Run the numbers

Estimated monthly

$453

Principal & interest
$399
Property tax
$54
Down payment
$15,000
Loan amount
$60,000
$75,000
20%$15,000
7%
30 yr
2240 Water Ave NE

Brokerage

Legacy Real Estate

J

Listing agent

JAMES HAUGE

503-877-2101

2240 Water Ave NE

Albany, OR

Price$75,000

The turnkey solution to marketing your listing – ready in minutes

  • Neighborhood buzzCommunity favorites and coming-soon establishments unique to this property’s area.
  • Video and virtual stagingProperty videos plus virtual-staging and before-and-after options.
  • Social posts and QR flyersShare-ready content for your preferred platforms and flyers that bring buyers back to the listing.
  • Documents and reportingLink disclosures, surveys, septic reports, and more—then track activity from your dashboard.

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