615 NW 11TH ST, Corvallis, OR 97330
- $480,000
- List Price
- $480,000
- Days on Market
- 1
- MLS#
- 239389915
- Property Type
- Multifamily
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Benton County
- Status
- ACTIVE
Property Description
Exceptional investment opportunity just blocks from Oregon State University! This professionally maintained duplex offers strong, reliable income with excellent upside potential in one of Corvallis’s most desirable rental areas. Built in 1973 and consistently updated, both 2-bedroom, 1-bath units (each approximately 828 sq. ft.) are occupied and well cared for.Unit 615 is leased through July 2026 at $1,445/month. Unit 617 is rented month-to-month to a long-term tenant at $1,395/month. With comparable updated properties in the area leasing around $1,700 per month, there’s clear opportunity for rent growth and enhanced cash flow.Each unit features comfortable living spaces, updated carpet and vinyl flooring, and kitchens equipped with matching white refrigerator, range, and dishwasher. Bathrooms include a single vanity, vinyl flooring, and a shower/tub combination. Tenants appreciate the quiet, tree-lined street and easy access to campus, downtown, shopping, dining, and public transit.Whether you’re expanding your investment portfolio or looking for a safe, convenient home for your Oregon State student—while offsetting costs with rental income—this property delivers consistent performance, low maintenance, and lasting appeal.A rare chance to own a proven income-producing property in the heart of Corvallis rental demand.
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Additional Information
- Tax Amount
- $4,983
- Year Built
- 1973
- High School
- Corvallis
- Elementary School
- Garfield
- Middle School
- Linus Pauling
- Acres
- 0.12
- Terms
- Cash, Conventional, FHA, VA Loan
- Fuel Description
- Electricity
- Heating Description
- Radiant
- Hoa Rent Includes
- Trash Collection
- Hot Water Description
- Electricity
- Exterior Description
- Board & Batten Siding
- Sewer Description
- Public Sewer
- Number Of Units Total
- 3
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1445
- Unit Type One Sq Ft
- 828
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Rent
- 250
- Unit Type Three Sq Ft
- 576
- Unit Type Three Units Total
- 1
Mortgage Calculator
Listing courtesy of Triple Oaks Realty LLC.
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