$1,575,000
UNDER CONTRACT

Estimated payment $9,868/month

Total Views 1,616
15 Beds
8 Baths
6,630 Sq Ft
$238 Price per Sq Ft

Highlights

  • Landscaped
  • Laundry Facilities
  • Carpet
  • Linus Pauling Middle School Rated A-
  • High Speed Internet

About This Home

Accepted Offer with Contingencies. 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. 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.Fantastic investment opportunity in the heart of Corvallis! This well-maintained 8-unit apartment building is ideally located close to Oregon State University, making it a prime choice for students and professionals alike. Fully occupied and generating consistent income, the property offers investors the security of strong rental demand in a thriving college town.The building has seen numerous recent updates, including modernized interiors, refreshed common areas, and ongoing maintenance that ensures easy ownership and tenant satisfaction. Each unit features comfortable living spaces, efficient layouts, and on-site parking—appealing amenities for today’s renters.With OSU’s steady enrollment and Corvallis’ strong rental market, this property provides a rare combination of stability and growth potential. Whether you’re a seasoned investor looking to expand your portfolio or seeking your first multifamily acquisition, this is a turnkey opportunity in one of Oregon’s most reliable rental markets.Enjoy dependable occupancy, minimal vacancy risk, and the peace of mind that comes with owning in a vibrant, educated community supported by a world-class university. Don’t miss your chance to own a fully performing property in one of the Pacific Northwest’s most desirable college towns.

Listing Agent

Jill Schuster

TRIPLE OAKS REALTY-CORVALLIS BRANCH License #200503390 Listed on: 10/31/2025

Co-Listing Agent

Brent Cole

TRIPLE OAKS REALTY License #200607178

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 10,454 Sq Ft Lot
  • Landscaped
  • Irregular Lot

Home Design

  • Slab Foundation

Interior Spaces

  • 6,630 Sq Ft Home
  • Partial Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Bathrooms

Utilities

  • Electric Water Heater
  • High Speed Internet

Community Details

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: Accepted Offer with Contingencies. 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. 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.Fantastic investment opportunity in the heart of Corvallis! This well-maintained 8-unit apartment building is ideally located close to Oregon State University, making it a prime choice for students and professionals alike. Fully occupied and generating consistent income, the property offers investors the security of strong rental demand in a thriving college town.The building has seen numerous recent updates, including modernized interiors, refreshed common areas, and ongoing maintenance that ensures easy ownership and tenant satisfaction. Each unit features comfortable living spaces, efficient layouts, and on-site parking—appealing amenities for today’s renters.With OSU’s steady enrollment and Corvallis’ strong rental market, this property provides a rare combination of stability and growth potential. Whether you’re a seasoned investor looking to expand your portfolio or seeking your first multifamily acquisition, this is a turnkey opportunity in one of Oregon’s most reliable rental markets.Enjoy dependable occupancy, minimal vacancy risk, and the peace of mind that comes with owning in a vibrant, educated community supported by a world-class university. Don’t miss your chance to own a fully performing property in one of the Pacific Northwest’s most desirable college towns.
  • Cross Street: SW 13th
  • Year Built: 1980
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 8
  • Total Bedrooms: 15
  • Basement: Partial
  • Laundry: Laundry Center

Exterior Features

  • Exterior Color: Blue
  • Foundation: Slab
  • Landscape: Yes

Utilities

  • High Speed Comm Access: Available, Present
  • Water: Connected, City
  • Water Heater: Electric
  • Sewer: City

Lot Info

  • Acres: 0.24
  • Estimated Lot Sq Ft: 10454
  • Lot Type: Irregular
  • Zoning: RS-20
  • Property Use Type: Investment
  • Geo Subdivision: OR

Multi Family

  • Unit Types: Flat
  • Number Of Units: 8

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2025 10/31/25 For Sale $1,575,000 -- $238 / Sq Ft
Source: Willamette Valley MLS

Source: Willamette Valley MLS

MLS Number: 834973

Willamette Valley MLS

APN: 12502BC07900