This offering includes two prime parcels—3.22 acres and 3.24 acres—zoned R-5 and located in Albany, OR, just south of Swan Lakes and under half a mile from Heritage Mall. With proximity to major transit corridors, established infrastructure, and a strong local community, the property is well-positioned for immediate development.A fully approved Planned Development covers the combined 6.5 acres and includes entitlements for:• A 44-unit multifamily project across four buildings• 11 homes• 31 garage/storage units (10'x20')The project is shovel-ready: civil engineering and architectural plans are complete and stamped, landscape and erosion control plans are approved, permits are purchased, tree removal and wetland delineations are done, and all site improvements are ready to begin.
Listing Provided Courtesy of David Keys, Norris & Stevens Investment Real Estate Services
General Information
560658359
MultiFamily
37
DOM
6.46 acres
R-5
Linn
0108411
South Shore 3/10
Calapooia 3/10
South Albany 5/10
Land
MultiFamily
11S03W09BB
Listing Provided Courtesy of David Keys, Norris & Stevens Investment Real Estate Services
Krishna Realty data last checked: Mar 16, 2026 07:02 | Listing last modified Jan 21, 2026 14:21,
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Residence Information
No
Features and Utilities
Financial
2972.71
0
CallListingAgent
12-15-2025
No
No
Comparable Information
37
91
CallListingAgent
$2,250,000
$2,250,000
Jan 21, 2026 14:21
Schools
public Elementary : South Shore
3/10Ratingspublic Middle : Calapooia
3/10Ratingspublic High : South Albany
5/10Ratings
Map
Listing courtesy of Norris & Stevens Investment Real Estate Services.
This offering includes two prime parcels—3.22 acres and 3.24 acres—zoned R-5 and located in Albany, OR, just south of Swan Lakes and under half a mile from Heritage Mall. With proximity to major transit corridors, established infrastructure, and a strong local community, the property is well-positioned for immediate development.A fully approved Planned Development covers the combined 6.5 acres and includes entitlements for:• A 44-unit multifamily project across four buildings• 11 homes• 31 garage/storage units (10'x20')The project is shovel-ready: civil engineering and architectural plans are complete and stamped, landscape and erosion control plans are approved, permits are purchased, tree removal and wetland delineations are done, and all site improvements are ready to begin.
