$799,000
$20K PRICE DROP

342 NW 12th St Corvallis, OR 97330

Northwest Corvallis Neighborhood

Estimated payment $4,901/month

Total Views 3,334
10 Beds
5 Baths
2,880 Sq Ft
$277 Price per Sq Ft

Highlights

  • Baseboard Heating
  • Level Lot
  • 5-minute walk to Franklin Square
  • Linus Pauling Middle School Rated A-

About This Home

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 repair costs; New $20,000 roof in 2022". Easy, turnkey investment managed by Duerksen Property Management.

Last Listed By

Brian Smith

Coldwell Banker Mountain West Brokerage Email: coldwellbanker@cboregon.com License #920800079 Listed on: 03/06/2025

Coldwell Banker Mountain West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,247

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Shake Siding

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Apartment Living Space in Basement

Schools

  • Garfield Elementary School
  • Linus Pauling Middle School
  • Corvallis High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 120141

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $18,387
  • Gross Income $78,672
  • Net Operating Income $60,285

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,247

Year Built

Built in 1922 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1922
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, FullBasement, SeparateLivingQuartersApartmentAuxLivingUnit
  • Total Bedrooms: 10
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: ShakeSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: Baseboard, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Garfield
  • High School: Corvallis
  • Middle Or Junior School: Linus Pauling

Lot Info

  • Zoning: RS-9
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: 120141

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5247.05

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 10.16
  • Annual Gross Income: 78672.0
  • Property Net Operating Income: 60285.0
  • Annual Operating Expense: 18387.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,247 $273,146 -- --
2023 $4,941 $265,190 $0 $0
2022 $4,796 $257,466 $0 $0
2021 $4,638 $249,967 $0 $0
2020 $4,612 $242,686 $0 $0
2019 $4,251 $235,617 $0 $0
2018 $4,274 $228,754 $0 $0
2017 $3,954 $222,091 $0 $0
2016 $3,937 $215,622 $0 $0
2015 $3,853 $209,342 $0 $0
2014 $3,754 $203,245 $0 $0
2012 -- $191,578 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 For Sale $799,000 0.0% $277 / Sq Ft
05/25/2025 05/25/25 Pending -- -- --
05/20/2025 05/20/25 Price Changed $799,000 -2.4% $277 / Sq Ft
03/06/2025 03/06/25 For Sale $819,000 -- $284 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Mortgage History

Date Status Loan Amount Loan Type
Closed $147,100 Unknown
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 172341867

Regional Multiple Listing Service (RMLS)

APN: 120141

Oregon Benton County Corvallis 97330 Northwest Corvallis

342 NW 12th St, Corvallis, OR

This home is located at 342 NW 12th St, Corvallis, OR 97330 and is currently priced at $799,000, approximately $277 per square foot. This property was built in 1922. 342 NW 12th St is a home located in Benton County with nearby schools including Garfield Elementary School, Linus Pauling Middle School, and Corvallis High School.

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Coldwell Banker Mountain West
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