New Price! 49 Units in Albany, Ore. | Sherman Oaks | $5.5 Million


Property ID

32,611 SqFt



Sherman Oaks consists of 49 units in five buildings. Current ownership has been performing renovation work over the past year and has completed a full remodeling of 26 units. Renovated units have achieved rent increases over standard or partially renovated units. This continued value-add opportunity combined with the potential to buy a high number of units at an appealing price makes Sherman Oaks a strategically attractive investment. The city of Albany is experiencing significant population growth due to its convenient location between Eugene/Springfield and Salem/Keizer, both of which are more expensive for similar investment properties.


Address: 2428 Oak St SE, Albany, OR 97322, USA
  • Province / State: Oregon
  • City / Town: Albany
  • Postal code / ZIP: 97322
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  • Property ID 4065
  • Price $5,500,000
  • Property Type Multifamily
  • Property status For Sale
  • Year Built 1989
  • Size 32,611 SqFt
  • Label Under Contract
  • Sellers Motivation Reinvest
  • Number of Units 49

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Greg Frick

Property Seller
(503) 241-5541
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