601 SW Washington Ave - Apartments FOR SALE


Corvallis, OR 97333
$1,150,000 USD
541-619-1186
601 SW Washington Ave, Corvallis, OR for Sale
$1,150,000 USD
Apartments - FOR SALE
1/24
null | 6.5% Cap Rate

601 SW Washington Ave
Corvallis, OR 97333


OVERVIEW

7 suites and 2 bathrooms in 601 SW Washington St and a 4 bedroom 1.5 bath house at 442 NW 6th St. Built in 1916. The seven suites include refrigerators, an electric stove, washer and dryer and a food preparation room (sink, cabinet, microwave, coffee machine and a toaster oven). The basement of 442 NW 6th St has a washer, dryer and storage rooms. The owner pays water, sewer, sanitation and electric. New roof and new exterior paint in 2021. There are two leases, one for 601 Washington and one for 442 NW 6th until the summer of 2026. Call Listing Broker for property information package. Tenants pay all utilities. Two water meters and plenty of on-site and off-site parking.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

2

PRICE/UNIT

$575,000

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,174 SF

ZONING

RS-12

APN/PARCEL ID

137285

ASK ABOUT THIS PROPERTY

Gary SmithInvestment Realty, IncMore Info
541-619-1186

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Gary SmithInvestment Realty, IncMore Info
541-619-1186

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.