$819,000

Estimated payment $5,009/month

Total Views 1,914
-- Bed
-- Bath
2,880 Sq Ft
$284 Price per Sq Ft

Highlights

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

About This Home

The Owner says this property is a cash cow- It will continue to be your cash cow. Per owner: there's only been one vacancy in the last 29 years, with a history of tenants staying 2 to 3 years: low cost high occupancy property; over $30,000 in remodeling and capital improvements in the last two years; proactive electrical and plumbing tune-up $13,000 to prevent repair calls later; new Roof approx. $20,000 done in 2022. Currently under professional property management with Duerksen Property management.

Listing Agent

Brian Smith

Coldwell Banker Mountain West Brokerage Email: coldwellbanker@cboregon.com License #920800079

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

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 $18,230
  • Gross Income $68,640
  • Net Operating Income $50,410

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
  • 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: 11.93
  • Annual Gross Income: 68640.0
  • Property Net Operating Income: 50410.0
  • Annual Operating Expense: 18230.0

Map

Range of Values:

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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
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