NOT LISTED FOR SALE

620 SW 2nd St Corvallis, OR 97333

3 Beds
7 Baths
3,084 Sq Ft
5,227 Sq Ft Lot

Last Sold April 18, 2022

Last sale price $706,875 $229 Per Sq Ft

67 Days on Market

About This Home

As of April 2022

7 units on the west side of 2nd Street in downtown Corvallis. (3) 1 bed / 1 bath units and (4) Studios with an onsite laundry room and (4) off-street parking stalls. New roof - December 2021. Owner pays all utilities. Current NOI at $36,200, actual 5.0 cap. Projected NOI at $43,172 once rents are at market.

Last Agent to Sell the Property

Eric Swanson

SMI REAL ESTATE License #201221479 Listed on: 02/03/2022

SMI REAL ESTATE

Last Buyer's Agent

Eric Swanson

SMI REAL ESTATE License #201221479 Listed on: 02/03/2022

SMI REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,762

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • 3,084 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 7 Bathrooms

Community Details

  • 7 Units
  • 620 Sw 2Nd St Corvallis Community

Listing and Financial Details

  • Legal Lot and Block 4 / F

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,762

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: 7 units on the west side of 2nd Street in downtown Corvallis. (3) 1 bed / 1 bath units and (4) Studios with an onsite laundry room and (4) off-street parking stalls. New roof - December 2021. Owner pays all utilities. Current NOI at $36,200, actual 5.0 cap. Projected NOI at $43,172 once rents are at market.
  • Cross Street: B St & Western Blvd
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7
  • Total Bedrooms: 3

Utilities

  • Water: City
  • Sewer: City

Lot Info

  • Acres: 0.12
  • Lot: 4
  • Zoning: CB
  • Property Name: 620 SW 2nd St Corvallis
  • Geo Subdivision: OR

Tax Info

  • Tax Amount: 2762

Multi Family

  • Number Of Units: 7

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
04/18/2022 04/18/22 Sold $706,875 -2.5% $229 / Sq Ft
02/03/2022 02/03/22 For Sale $725,000 -- $235 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eric Swanson

    Seller's Agent in 2022

    Eric Swanson

    SMI REAL ESTATE

    (541) 990-3795

    31 Total Sales

    Eric Swanson
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Map

Source: Willamette Valley MLS

MLS Number: 788308

Willamette Valley MLS

APN: 12502BD03000

Oregon Benton County Corvallis 97333

620 SW 2nd St, Corvallis, OR

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS 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

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