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615 NW 11th (-617) St, Corvallis, OR 97330

$585,000
  • 615 NW 11th (-617) St, Corvallis, OR 97330 Main Photo

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Active

Listing Courtesy of: TRIPLE OAKS REALTY-CORVALLIS BRANCH
Agency Contact: 541-619-5427
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BEDS4 BATHS2 SQUARE FEET1,656 MLS#837102
STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONJob's Addition

Property Description

Prime investment opportunity near Oregon State University! This well-maintained 1973 duplex offers two 2-bed, 1-bath units (each 828 sq ft) with reliable tenants and strong income. Unit 1 rents for $1445 (lease to 7/16/26): Unit 2 rents month-to-month for $1,395. Market rent potential for each unit - $1,700/month. Both units feature updated carpet and vinyl, matching white appliances (refrigerator, range, dishwasher), and bright, functional kitchens and baths. Tenants love the campus-close neighborhood! 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.

Property Features

Property Type: Multi Unit - Multiple
Home Style: Flat
Lot Size: 0.12 Acres
Taxes: $4,691
Year Built: 1973

Units

Unit 1:
Bathroom(s): 1
Bedrooms: 2
Unit 2:
Bathroom(s): 1
Bedrooms: 2

Feature Descriptions

Days on Site: 33
Dishwasher: Yes
Flooring: Carpet, Vinyl
Foundation: Continuous
Frontage: 100 Feet
Heating/Cooling: Electric, Radiant Ceiling
Lot Dimensions: 0.12 Acre(s)
Price Per Square Foot: 353.26
Property Use: Investment
Range: Range Included
Sewer: City
Units: 2
Water: City, Connected
Water Heater: Electric

Local Schools

High School: Corvallis
Middle School: Linus Pauling
Elementary School: Garfield

Listed By / Shown By

Listed By

Agency Name: TRIPLE OAKS REALTY-CORVALLIS BRANCH
Agency Contact: 541-619-5427

Shown By

Agency Title: Coldwell Banker Valley Brokers
Albany: 541.928.6317
Corvallis: 541.757.0222

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Estimate Your Payment

Estimated Payment

$ 1,863.50 per month $1,301.96 Principal & Interest $390.92 Property Tax $170.63 Homeowner's Insurance

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