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Listed by JILL SCHUSTER • TRIPLE OAKS REALTY-CORVALLIS BRANCH • 541-619-5427
$1,575,000
Est. payment /mo
15 Beds
8 Baths
6,630 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi- (5+)
Listing Status Active
Purchase Type For Sale
Square Footage 6,630 sqft
Price per Sqft $237
MLS Listing ID 834973
Bedrooms 15
Year Built 1980
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Multi- (5+)
Property Description
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.
Location
State OR
County Benton
Area 70 Benton County
Rooms
Basement Partial
Interior
Hot Water Electric, Other (Refer to Remarks)
Flooring Carpet, Vinyl
Laundry Laundry Center
Building
Foundation Slab
Sewer City
Water City, Connected
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Garett & Claire Chadney
Principal Broker / Owner | License ID: 930300059
Principal Broker / Owner License ID: 930300059