Five-Unit Apartment
For Sale
Contact for pricing
242 NW 7th St, Corvallis, OR 97330
Income property near campus and downtown with separately metered electricity and tenant-paid utilities.
Property SizeContact for details
Days on Market143
Property Features for 242 NW 7th St
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
SVN Imbrie Realty
(503) 208-9403
Listed By:
Bjorn Beer · License #OR# 201236666
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 30 at 1:37PM
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 SVN Imbrie Realty
Investment Insights
Based on property information with market context.
This five-unit apartment property is located in Corvallis near the campus and downtown areas. The rental configuration includes five residences, with electricity separately metered and paid by tenants. Lease expirations were scheduled for one unit by 6/20/22, three units by 7/31/22, and one unit by 8/31/22.
Underwriting cited a 5.0% cap rate based on a conservative pro forma and a 4.46% cap rate using the seller’s actual operating figures. Property viewings are permitted only after an accepted offer, and a listing package is available through the broker.
Underwriting cited a 5.0% cap rate based on a conservative pro forma and a 4.46% cap rate using the seller’s actual operating figures. Property viewings are permitted only after an accepted offer, and a listing package is available through the broker.
Key Highlights
- Five‑unit apartment property in Corvallis
- Near campus and downtown
- Electricity is separately metered
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,449
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Income property near campus and downtown with separately metered electricity and tenant-paid utilities.
Where is this apartment building located?
The property is located at 242 NW 7th St Corvallis, OR.
What are key features of this property?
This property features: Five‑unit apartment property in Corvallis; Near campus and downtown; Electricity is separately metered
