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Listed by Triple Oaks Realty LLC • 541-619-5427
$ 1,575,000
Est. payment | /mo
8,652 SqFt
$ 1,575,000
Est. payment | /mo
8,652 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,652 sqft
Price per Sqft $182
MLS Listing ID 185540291
Year Built 1980
Annual Tax Amount $12,178
Tax Year 2025
Lot Size 10,454 Sqft
Property Description
1250 SW E Av. Corvallis, OR 97330 is located approximately 1 mile from the center of Oregon State University; .08 miles from Reser Stadium; 5 miles to Goss Stadium. Built in 1980, the property is comprised of the following residential units:One - 3 Bedroom/1 Bathroom UnitFive - 2 Bedroom/1 Bathroom UnitsTwo - 1 Bedroom/1 Bathroom Units1250 SW E St, Corvallis, OR 97330 is being offered as a turn-key investment opportunity. All units are currently under lease with potential increase in cash flow by capitalizing on annual rental increases.The property has an on-site laundry facility on the basement level that is under-utilized with two coin operated washer/dryer units.The property features on-site parking for convenience and landscaped lawn areas. Units also feature balcony space for outdoor use at each level.Tenants pay electric, as each unit is separately metered. Common-area meters include laundry space and outdoor lighting. Water is provided on a single meter to the property and could be prorated back to tenants on new lease structures.Recent Appraisal on file with Listing Broker at List Price.==========================================================Rare find! Just blocks from OSU, this fully occupied 8-unit apartment building is a solid investment opportunity in a highly desirable rental area. With a proven rental history and consistent demand from students and professionals, this property offers reliable income in a stable college-town market. Units are all-electric, featuring individual 50-gallon water heaters. Many units have seen recent updates, including refreshed fixtures and flooring. Shared laundry facility adds value.
Location
State OR
County Benton
Community Laundry
Area _220
Zoning SR-20
Rooms
Basement Partially Finished
Interior
Heating Ceiling, Floor Furnace, Wall Heater
Cooling None
Exterior
Community Features Laundry
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Lincoln
Middle Schools Linus Pauling
High Schools Corvallis
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
concierge@pennergroupproperties.com
16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224
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