Browse All Albany OR Multi-Family Properties for Sale

Low maintenance duplex with excellent rental history. Newer roof, vinyl windows, this property is great for owner occupied OR investment. Smaller unit has 2 bedroom, 1 bath, family room, kitchen with nice eating area. Large unit has 3 bedrooms, 2 bath, family room, kitchen & an office. Both units have separate laundry & single car garage. Tenants pay all utilities except for Stormwater. Appointment needed, do not disturb tenants.

335 28th Ave Se, Albany

Listing Courtesy of REALTYNET. Agent: 503-300-6330

$329,900

4 Beds ⋅ 2 Baths ⋅ 843806 MLS

Investment Opportunity-Duplex ready for your Vision. Unlock the potential of this duplex with 2 bd, 1 bath each side. Single car garage with laundry area, washer dryer hook ups & utility sink. Built in 1955 this duplex is ready for a complete refresh. Each unit features mini-split heating system. Located on a quiet street in SE Albany, close to shopping, bus and parks. Private backyard with patio and room to garden or have summertime BBQ's. Bring your tools, vision and creativity to transform this duplex.

1120-1124 Sherman St Se, Albany

Listing Courtesy of EXP REALTY, LLC. Direc: 541-936-2043

$495,000

7 Beds ⋅ 5 Baths ⋅ 842975 MLS

Multi-family asset located in the heart of downtown Albany. Central location for walk/bikability. Excellent opportunity to acquire and stabilize this asset, creating a strong performer to add to your portfolio. Property is being sold "as-is". Seller will make no repairs and/or concessions. No access will be granted to any unit prior to mutually accepted contract and scheduled inspections. Please allow 3-5 business days for seller response. Review and signature shall be via Receivership.

206 4th Ave Se, Albany

Listing Courtesy of LORADITCH RANCH AND HOME REAL ESTATE. Cell: 541-410-0307

$599,999

7 Beds ⋅ 4 Baths ⋅ 842959 MLS ⋅ 1921 Sw Elm St Albany BLDG.

Outstanding investment opportunity! Prime location near schools and a major thoroughfare. First time on the market in 20 years with an exceptional rental history—just one vacancy in the past decade. Features include a 30-year membrane roof, fresh exterior paint (June 2026), low-maintenance ownership, and no owner-paid utilities. Below-market rents provide dependable income today with strong potential for increased returns over time.

1921 Elm St Sw, Albany

Listing Courtesy of SMI REAL ESTATE. Cell: 971-707-0335

$740,000

9 Beds ⋅ 5 Baths ⋅ 842682 MLS

4 unit property in S Albany. Townhouse style units. One unit is larger with 3 bed/1.5 bath, the other 3 units are 2bed/1 bath. All parking located behind the unit. Units have W/D hook ups. 530 was remodeled in the last year, the other units have been within the last 6 years. Roof is 13 years old. Room to grow and a great area to invest or owner occupy!

530 34th 536 Ave Se, Albany

Listing Courtesy of STELLAR REALTY NORTHWEST. Cell: 541-905-1962

$579,000

3 Beds ⋅ 2 Baths ⋅ 841986 MLS

Rare opportunity to own two homes on one tax lot! Whether you're looking for multi-generational living, rental income, or a flexible investment, this property offers endless possibilities. The second home is currently operating as a fully furnished mid-term rental, generating $2,500/month in income. Live in one home while offsetting your mortgage with the other, or keep both as income-producing properties. A unique setup with built-in flexibility and earning potential! Seller is a licensed real estate agent Here's an additional description that keeps a casual, buyer-focused tone:What makes this property truly special is that each home offers its own unique charm and lifestyle. The vacant home is move-in ready and features brand-new carpet and laminate flooring, making it an easy transition for an owner-occupant or future tenant. Step outside onto the spacious deck and enjoy peaceful views overlooking Periwinkle Creek—a perfect spot for your morning coffee, unwinding after a long day, or simply enjoying the sights and sounds of nature right from your backyard.The second home sits directly across from the iconic King Kone, putting one of Albany’s most beloved local landmarks just steps away. This home has been meticulously maintained and features an immaculate bathroom remodel that blends modern style with everyday functionality. Currently operating as a fully furnished mid-term rental, it generates $2,500 per month in income and has proven itself as a strong revenue-producing asset.Whether you're looking to create a multi-generational living arrangement, house extended family nearby while maintaining privacy, live in one home and rent the other, or expand your real estate portfolio with a property that already has established income, the possibilities here are hard to find. Opportunities like this—two homes, one tax lot, income potential, creek views, and flexible living arrangements—don't come along often.

1540 Salem 1530 Ave Se, Albany

Listing Courtesy of EXP REALTY, LLC. 503-559-2489

$374,900

746338695 MLS

Completely permitted & remodeled 2022 duplex conversion. (2) 2/1 units. All new parking lot, kitchens, baths, roof, windows, wiring, plumbing, light fixtures, plugs, paint, luxury vinyl floor coverings and carpet, & paint. Leased for $1450.00 for larger unit & $1350.00 for smaller unit. All utilities are separately metered. Tenants enjoy full ample tall unfinished basement for additional storage and rec space. Washer/dryer. Owner & listing agent is OR real estate broker. Upcoming vacancy.

1537 SALEM AVE, Albany

Listing Courtesy of White Star Realty, Inc.

$374,900

4 Beds ⋅ 2 Baths ⋅ 841954 MLS

1537 Salem Ave Se, Albany

Listing Courtesy of WHITE STAR REALTY INC. Agent: 971-240-0656

$375,000

4 Beds ⋅ 2 Baths ⋅ 841676 MLS

Fresh new cosmetic updates in 2025-26. This included all new flooring, new paint, & a new well pump. Large, fenced yard, quiet street. Close to a bus route; 5 minutes from I-5. Rent of $2,400 per month. New washers & dryers included. Shared well & septic with 3705 Earl. 3711 does not have a dishwasher. 3713 has a dishwasher.

3711-3713 Earl Ave Ne, Albany

Listing Courtesy of THE GROUP REAL ESTATE. Cell: 541-979-6625

$749,000

4 Beds ⋅ 3 Baths ⋅ 840838 MLS

Rare investment and lifestyle opportunity on .97 of an acre lot. Unique duplex each side 2 bed, 1 bath, 1110 sq. ft. great built-ins & storage, inside utility, covered patios and single car garages. Gas F/A, CAC, (2019), New roofs installed 2021, The extra outbuildings make this property unique. Separate shop, Appx. 30X24. Large building that features a covered RV, shop, and extra 2 bays. Offering incredible flexibility for hobbies, workspace, storage or an additional income stream.

31534-31536 Easy Ave Sw, Albany

Listing Courtesy of EXP REALTY, LLC. Direc: 541-936-2043

$429,500

4 Beds ⋅ 4 Baths ⋅ 839905 MLS

Just 3 houses down from Takena Park on a quiet cul-de-sac, this well cared for corner lot duplex in a coveted neighborhood will be an asset in your portfolio. Each side has 2 bedrooms, 1.5 bathrooms, hardwood floors, carport, covered patio. Month-to-month tenacy with long term, reliable tenants. Recently added improvements for both units include heating systems, roof, gutters and patio covering.

1208 11th 1210 Ave Sw, Albany

Listing Courtesy of NORTHWEST REALTY CONSULTANTS. Agent: 541-231-8165

$1,495,000

12 Beds ⋅ 12 Baths ⋅ 839785 MLS

Accepted Offer with Contingencies. Brand-new 4-plex featuring four spacious units, each offering 3 bd and 2.5 bth with modern, quality finishes throughout. The main floor features durable waterproof laminate flooring. Open-concept living and dining areas are filled with natural light. Ideal for investors or owner-occupants. All appliances are included.

2705 Nw 12th Ave, Albany

Listing Courtesy of BERKSHIRE HATHAWAY HOMESERVICES R E PROF. Cell: 503-580-9608

$699,900

6 Beds ⋅ 6 Baths ⋅ 839115 MLS

Built in 2023, this well-constructed duplex offers modern, high quality finishes and a functional layout in each 1,287 sq ft unit. Quartz counters & custom alder cabinets. Two-story design with single-car garage plus driveway parking. Each unit features an interior laundry room, walk in pantry, eating bar, fenced backyard, covered patio, and low-maintenance landscaping. Convenient location close to amenities. Great opportunity for owner-occupants or investors looking for a newer, low-maintenance property.

1026-1028 6th Ave Se, Albany

Listing Courtesy of THE GROUP REAL ESTATE. Cell: 541-979-6625

$509,900

6 Beds ⋅ 2 Baths ⋅ 833772 MLS

Convenient location with great rental history. Washer & dryer hook ups. Gas forced air heat, vinyl windows. 2000 has a 17+ year tenant. Nice size fenced yards. owner pays water and sewer.

2000 Se Thurston (& 2006) St, Albany

Listing Courtesy of RE/MAX INTEGRITY ALBANY BRANCH. Direc: 541-979-5218

$769,900

10 Beds ⋅ 4 Baths ⋅ 838952 MLS

Great multi-family property in S Albany, 4-plex investment or owner occupy! Convenient location with easy commute. Four units, two 3 bedroom, two2 bedroom, Each with 1.5 bath, covered back patio, small storage closet, and 1 car garage. Nicely maintained, low vacancy and professionally managed.

1666 Del Rio Ave Se, Albany

Listing Courtesy of SILVER RIDGE REALTY. Direc: 541-231-3118

$629,000

6 Beds ⋅ 6 Baths ⋅ 834995 MLS

New Build Multi-Family Opportunity! Don't miss out on this 2-story duplex with 1,658 sqft on each side! Island in kitchen with granite counter tops. 3 bedrooms , primary w/ walk-in-closet, 2 full bathrooms upstairs, powder room downstairs, and single-car garage. North side has been rented out at $2250. South unit is still brand new construction for new owner or rent it out.

441 & 443 Denver St Se, Albany

Listing Courtesy of PREMIERE PROPERTY GROUP, LLC ALBANY. Cell: 541-979-7973

$895,000

14 Beds ⋅ 5 Baths ⋅ 839313 MLS

Albany four plex: there are 2 four bedroom one and a half bath and 2 three bedroom one bath apartments. The building has a total of 4,112 sf. Lot size is 0.27 acres (11,761 sf.). The four-plex was built in 1971. Zoning is RM (Medium Density Residential).

1920 Jefferson St Se, Albany

Listing Courtesy of INVESTMENT REALTY, INC.. Agent: 541-752-4749

$398,000

2 Beds ⋅ 4 Baths ⋅ 834802 MLS

Two homes in one! Main level features a living room, half bath, and spacious kitchen with slider to a large backyard. Garage includes laundry hook-ups. Upstairs offers a loft or bonus space with a closet—ideal as a second bedroom or flex room. Great layout with room to grow!

2522/2520 Main St Se, Albany

Listing Courtesy of EXP REALTY, LLC. 541-243-2547

$550,000

3 Beds ⋅ 5 Baths ⋅ 839004 MLS

Attention Investors! Don’t miss this great buy in S. Albany. Two story Triplex – Each unit has attached garage, open floor plan on main level with great room, fully applianced kitchen, inside utility area, half bath and slider to back patio. Upper level features spacious primary suite with walk in closet and full bath. Brand New Roof in 2026! On .32 acre parcel with huge fenced back yards for each unit. Great location – close to transportation, shopping and schools.

3426 Marion 1 2 3 St Se, Albany

Listing Courtesy of BLUM REAL ESTATE. Direc: 503-485-1900

$369,000

242629959 MLS

This sale includes two homes; both 2154 and 2150 Marion St. Perfect income property for duplex and multi family investors adding to their income portfolio. Both homes are 2 bed and 2 bath. Seller may carry finance with a large down.

2154 MARION ST, Albany

Listing Courtesy of MORE Realty, Inc..

$550,000

196999348 MLS

Own a cornerstone in Albany’s Historic Downtown: 2,955 SF brick building (HD zoning) with 5 on-site stalls. Built 1954, fully rebuilt to studs/roof framing in 1998, then refreshed with new exterior + roof in 2025. Three private-entry suites; occupy the 1,450 SF primary suite while Edward Jones + Habitat for Humanity provide $2,335/mo gross income. Rare own-vs-lease opportunity in a high-visibility location.

330 WASHINGTON ST, Albany

Listing Courtesy of SMI Commercial Real Estate LLC.

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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

Albany Multi-Family Real Estate

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