Seller's Agent in 2025
Brian Smith
Coldwell Banker Mountain West
(503) 551-8510
2 in this area
158 Total Sales
342 NW 12th St Corvallis, OR 97330
Northwest Corvallis Neighborhood
10
Beds
5
Baths
2,880
Sq Ft
5,227
Sq Ft Lot
Highlights
- Baseboard Heating
- Level Lot
- 5-minute walk to Franklin Square
- Linus Pauling Middle School Rated A-
About This Home
As of August 2025HUGE 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 Agent to Sell the Property
Coldwell Banker Mountain West Brokerage Email: coldwellbanker@cboregon.com License #920800079 Listed on: 03/06/2025
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
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Gas Water Heater
Listing and Financial Details
- Rent includes sewer, trashcollection, water
- Assessor Parcel Number 120141
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $18,387
- Gross Income $78,192
- Net Operating Income $59,805
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 6, 2025
Closed on
Aug 12, 2025
Sold by
Crossland Thomas A and Crossland Hisako K
Bought by
344 Nw 12Th Llc
Seller's Agent
Brian Smith
Coldwell Banker Mountain West
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$799,000
Sold Price
$790,000
Premium/Discount to List
-$9,000
-1.13%
Total Days on Market
117
Views
42
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.94%
Original Mortgage
$590,000
Outstanding Balance
$590,000
Interest Rate
6.67%
Mortgage Type
Credit Line Revolving
Estimated Equity
$199,184
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $790,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $590,000 | Credit Line Revolving | |
| Previous Owner | $147,100 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | Sold | $790,000 | -1.1% | $274 / Sq Ft |
| 07/01/2025 07/01/25 | Pending | -- | -- | -- |
| 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)
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Brian Smith
-
OR and WA Non Rmls
O
Buyer's Agent in 2025
OR and WA Non Rmls
Non Rmls Broker
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 172341867
APN: 120141
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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