Prime Investment Opportunity - 8-Plex in NW Corvallis! With easy access Porter Park and a short distance from OSU, this property combines convenience and potential for excellent returns. Perfect for student housing or live in one yourself and rent the others. Don't miss your chance to capitalize on this rare opportunity!
Last Agent to Sell the Property
JMG JASON MITCHELL GROUP-ALBANY License #200101048 Listed on: 04/01/2025
$799,000
Accepted Offer with Contingencies. HUGE Rent Increases - Monthly rent was: $5,450. BRAND NEW monthly rent: $6,556 (+20%). Owner states "this close to OSU campus property has been a cash cow for 3 decades - w/low turnover; Only 2 vacancies since 1995; tenants typically stay 2 to 3 years. Low maintenance w/$30,000 remodeling/capital improvements in last few years. $13,000 proactive
Brian Smith COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
$799,000
HUGE Rent Increases - Monthly rent was: $5,450. BRAND NEW monthly rent: $6,756 (+24%). Owner states "this close to OSU campus property has been a cash cow for 3 decades - w/low turnover; Only 2 vacancies since 1995; tenants typically stay 2 to 3 years. Low maintenance with $30,000 remodeling/capital improvements last 2-3 years; $13,000 proactive electrical/plumbing tune-up to prevent future
Brian Smith Coldwell Banker Mountain West
$1,150,000
7 suites and 2 bathrooms in 601 Washington St and a 4 bedroom 1.5 bath house at 442 NW 6th St. Built in 1916. The seven suites include refrigerators, an electric stove, washer and dryer and a food preparation room (sink, cabinet, microwave, coffee machine and a toaster oven). The basement of 442 NW 6th St has a washer, dryer and storage rooms. The owner pays water, sewer, sanitation and electric.
Gary Smith INVESTMENT REALTY, INC.
$1,195,000
Five rentals including a house: There are 2 two bedroom apartments, 1 three bedroom apartment, 1 one bedroom apartment and a two bedroom house. Zoning is RS6. The lot size is 0.30 acres (13,003 sf.). The property buildings have a total of 3,393 sf. Call for property information package including income and expense including a rent roll.
Gary Smith INVESTMENT REALTY, INC.
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | Sold | $1,080,000 | -22.6% | $243 / Sq Ft |
| 05/30/2025 05/30/25 | Pending | -- | -- | -- |
| 04/02/2025 04/02/25 | For Sale | $1,395,000 | -- | $314 / Sq Ft |
J
Seller's Agent in 2025
Jason Cadwell
JMG JASON MITCHELL GROUP-ALBANY
A
Seller Co-Listing Agent in 2025
ARASHVIR SIDHU
JMG JASON MITCHELL GROUP-ALBANY
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Buyer's Agent in 2025
Jodi Elliott
CONNECTED REAL ESTATE GROUP
Source: Willamette Valley MLS
MLS Number: 827123
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson