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Listed by Triple Oaks Realty LLC • 541-619-5427
$ 480,000
Est. payment | /mo
5,227 Sqft Lot
$ 480,000
Est. payment | /mo
5,227 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 239389915
Year Built 1973
Annual Tax Amount $4,983
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
Exceptional investment opportunity just blocks from Oregon State University! This professionally maintained duplex offers strong, reliable income with excellent upside potential in one of Corvallis's most desirable rental areas. Built in 1973 and consistently updated, both 2-bedroom, 1-bath units (each approximately 828 sq. ft.) are occupied and well cared for.Unit 615 is leased through July 2026 at $1,445/month. Unit 617 is rented month-to-month to a long-term tenant at $1,395/month. With comparable updated properties in the area leasing around $1,700 per month, there's clear opportunity for rent growth and enhanced cash flow.Each unit features comfortable living spaces, updated carpet and vinyl flooring, and kitchens equipped with matching white refrigerator, range, and dishwasher. Bathrooms include a single vanity, vinyl flooring, and a shower/tub combination. Tenants appreciate the quiet, tree-lined street and easy access to campus, downtown, shopping, dining, and public transit.Whether you're expanding your investment portfolio or looking for a safe, convenient home for your Oregon State student—while offsetting costs with rental income—this property delivers consistent performance, low maintenance, and lasting appeal.A rare chance to own a proven income-producing property in the heart of Corvallis rental demand.
Location
State OR
County Benton
Area _220
Zoning Univ HD
Interior
Heating Radiant
Exterior
Garage No
Building
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Garfield
Middle Schools Linus Pauling
High Schools Corvallis
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Nearby Locations
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Daniel Gandee
Broker | License ID: 201235300