Why rent when you can own? Instead of paying $2,100–$2,500 every month in rent, you could own your own home for about $2,050/month including current space rent. This beautifully renovated 4-bedroom, 2-bathroom home offers over 1,900 square feet of move-in-ready living space, featuring an open layout that feels more like a traditional home with both a living room and a separate family room. The spacious primary suite includes a private bathroom and walk-in closet, and the home is updated throughout with hickory cabinets, a large kitchen with a deep black sink and pull-down faucet, a generous pantry, a roomy laundry area, fenced yard, large deck, central heat and A/C, and more. Outside, you’ll find well-maintained landscaping, mature flowers, durable vinyl siding, a storage shed, and front and rear decks perfect for relaxing or entertaining. Located in Three Lakes Estates, the home is just two minutes from I-5—without the noise—and close to shopping, recreation, and everything Albany has to offer. Current space rent is only $853/month. Financing programs are available through a preferred local mortgage broker, and with a purchase price of $149,900, you can move in with as little as $7,500 down. Homes this size and in this condition rarely become available at this price.
East Albany, located between the Willamette River and Interstate 5, is a residential and commercial Albany neighborhood with river-adjacent greenways and big-box corridors. The neighborhood’s character concentrates around the Pacific Blvd SE and 9th Ave SE crossroads, where auto-oriented storefronts, casual eateries, and everyday services line wide arterials. Mid-century ranch homes and newer subdivisions sit on curving streets, while larger parcels and light industrial edges appear closer to the freeway. Timber-Linn Memorial Park and the Periwinkle Creek greenbelt set a relaxed, outdoors-forward rhythm. The Albany Golf Club and the Linn County Expo Center add weekend-scale activity without changing the low-rise feel. Across the river, downtown’s historic blocks remain a short drive for galleries and dining.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Wood-burning fireplace (1)
Bedrooms
Primary bedroom on the main level
Second bedroom on the main level
Third bedroom on the main level
Bathrooms
Two full bathrooms (both on the main level)
Kitchen
Kitchen on the main level
Heating & cooling
Heat pump heating
No central cooling
Exterior features
Level lot
Paved road frontage
Territorial view
Lot located in a manufactured-home park (land lease)
Home design
Manufactured home in a park (residential)
Single-story/main level living
Facing/position: Territorial view
Parking
Driveway parking
Construction
Built in 1979
Wood siding exterior
Composition (shingle) roof
Skirting foundation
Utilities
Public water
Public sewer
Electricity available
Wood burning fuel option
HOA & community
Land lease with monthly lot rent ($853) — lease expires December 31, 2026
Not a senior community
Zoning: MR1
Other
Property is resale
Main level area reported as 1,900
Electricity and solar
View estimated energy costs and solar savings for this home
The R-6.5 District is intended primarily for low-density urban residential development that includes single dwelling units, townhouses, and middle housing (duplexes, triplexes, fourplexes, and cottage clusters). The average standard lot size for single-dwelling units and duplexes is 6,500 sq ft.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 92° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
12 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Albany, OR • 97322
Average low and high temperatures (°F)
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47
53
43
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41
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 2151 Three Lakes Rd #68
$145,756
$4,144 under list price of $150K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $375K to $475K.