Downtown Corvallis Investment
For Sale
Contact for pricing
345 Northwest 2nd Street, Corvallis, OR 97330
Hotel, restaurant, and apartments near Oregon State University.
Property Size34,040 SF
Days on Market258
Property Features for 345 Northwest 2nd Street
General Information
Standard status
Active
Size
34,040 SF
Total Parking Spaces
72
Property subtype
Hospitality
Zoning
CMU-3 Commercial Mixed Use
Building Details
Building Size
34,040 SF
Year Built
1980
Listing Agency:
Macadam Forbes
(503) 314-0527
Listed By:
Skip Rotticci, CCIM · License #OR #200204348
(503) 314-0527
Source:
Macadamforbes
Added: Nov 25, 2025
Changed: Aug 8
Last Checked: Aug 9 at 5:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes
Investment Insights
Based on property information with market context.
The Rodeway Inn Willamette River presents an investment opportunity in Downtown Corvallis, near Oregon State University. The property features a 63-unit, two-story hotel building with interior corridors. Room types include King-size family suites with jetted spa baths, King single rooms, Queen single rooms, and Queen double rooms. A separate building houses a manager's office and a four-bedroom, two-bath apartment. Additionally, there is a commercial building containing the China Delight Restaurant and Lounge, a long-standing Corvallis establishment, with six one-bedroom, one-bath apartment units above. The hotel and restaurant can be acquired together or separately. The Rodeway Inn Corvallis is located in the heart of Corvallis, in the Willamette Valley, offering a base for business and leisure travelers. Situated on a well-connected street, it provides access to the surrounding area and is near the downtown district, with attractions, restaurants, shops, and entertainment options within walking distance or a short drive. The property is located near the Willamette Riverfront Park and natural attractions such as the Willamette River, parks, and hiking trails.
Key Highlights
- Prime location in Downtown Corvallis, home to Oregon State University
- Significant income potential from a 63‑unit hotel, a restaurant/lounge, and six apartments
- Option to purchase the hotel and restaurant separately or together
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 97330, OR
43,947
Population
19,957
Households
2.2
Avg Household Size
33
Median Age
60%
College-Educated
96%
High-School Grad
78.0 sq mi
ZIP Area
563
Density / Sq Mi
$69,127
Median Household Income
$28,966
Median Earnings
$1,339
Median Rent
$495,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Hotel - Hotel, restaurant, and apartments near Oregon State University.
Where is this hotel located?
The property is located at 345 Northwest 2nd Street Corvallis, OR.
What are key features of this property?
This property features: Prime location in Downtown Corvallis, home to Oregon State University; Significant income potential from a 63‑unit hotel, a restaurant/lounge, and six apartments; Option to purchase the hotel and restaurant separately or together
