Bought with Triple Oaks Realty LLC
$2,000,000
$2,400,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
426 NW 11TH ST Corvallis, OR 97330
7,200 SqFt
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $277
MLS Listing ID 292492781
Sold Date 03/13/26
Year Built 1964
Annual Tax Amount $15,313
Tax Year 2025
Lot Size 10,890 Sqft
Property Description
Located just blocks from Oregon State University and the heart of downtown Corvallis, this 12-unit apartment complex offers a proven multifamily investment in one of the region's most stable rental markets. The walkable setting attracts a consistent mix of students, and long-term local tenants, drawn to proximity to campus, transit, dining, parks, and retail. The property features a uniform unit mix designed for efficient leasing and management, on-site parking, and low-maintenance construction.With its steady rent performance, and value add opportunity through rental increase and improvement of units, this property is well-suited for both exchange buyers and long-term portfolio investors seeking durable cash flow. Properties of this size and proximity to OSU rarely come available.
Location
State OR
County Benton
Community Laundry
Area _220
Zoning RS-9
Rooms
Basement Daylight
Interior
Heating Wall Heater
Cooling None
Exterior
Community Features Laundry
Roof Type Flat
Garage No
Building
Lot Description Level
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Garfield
Middle Schools Linus Pauling
High Schools Corvallis
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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