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1250 SW E Ave 8 Unit Apartment Building $1,575,000 ($196,875/Unit) 5.38% Cap Rate Corvallis, OR 97333
INVESTMENT HIGHLIGHTS
- Renovated Units in 2023 and 2024
- 1mi from OSU Campus
- Recent Appraisal on File at List Price
EXECUTIVE SUMMARY
1250 SW E St. Corvallis, OR 97330 i s 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 Unit
Five - 2 Bedroom/1 Bathroom Units
Two - 1 Bedroom/1 Bathroom Units
1250 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.
The property features on-site parking for convenience and landscaped lawn areas. Units also feature balcony space for outdoor use at each level.
Tenants pay electric, as each unit is separately metered. Common-area meters include laundry space and outdoor lighting. Water is provided on a single meter to the property and could be prorated back to tenants on new lease structures.
Recent Appraisal on file with Listing Broker at List Price.
One - 3 Bedroom/1 Bathroom Unit
Five - 2 Bedroom/1 Bathroom Units
Two - 1 Bedroom/1 Bathroom Units
1250 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.
The property features on-site parking for convenience and landscaped lawn areas. Units also feature balcony space for outdoor use at each level.
Tenants pay electric, as each unit is separately metered. Common-area meters include laundry space and outdoor lighting. Water is provided on a single meter to the property and could be prorated back to tenants on new lease structures.
Recent Appraisal on file with Listing Broker at List Price.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $1,575,000 | Building Class | C |
| Price Per Unit | $196,875 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 8,652 SF |
| Cap Rate | 5.38% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.23 | No. Stories | 3 |
| No. Units | 8 | Year Built/Renovated | 1980/2023 |
| Property Type | Multifamily | Parking Ratio | 0.92/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RS-20 - High-Density Residential | ||
| Price | $1,575,000 |
| Price Per Unit | $196,875 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Gross Rent Multiplier | 12.23 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 8,652 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1980/2023 |
| Parking Ratio | 0.92/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RS-20 - High-Density Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Cable Ready
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Handrails
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 144513 | Total Assessment | $633,660 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
144513
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$633,660
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1250 SW E Ave
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