HUGE Rent Increases - Monthly rent was: $5,450. BRAND NEW monthly rent: $6,756 (+24%). Owner states "this close to OSU campus property has been a cash cow for 3 decades - w/low turnover; Only 2 vacancies since 1995; tenants typically stay 2 to 3 years. Low maintenance with $30,000 remodeling/capital improvements last 2-3 years; $13,000 proactive electrical/plumbing tune-up to prevent future repair costs; New $20,000 roof in 2022". Easy, turnkey investment managed by Duerksen Property Management.
Sold
$790,000
342 NW 12th St, Corvallis, OR 97330
10beds
2,880sqft
Multi Family
Built in 1922
-- sqft lot
$783,200 Zestimate®
$274/sqft
$2,894 Estimated rent
Home value
$783,200
$713,000 - $862,000
$2,894/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Brian Smith coldwellbanker@cboregon.com,
Coldwell Banker Mountain West
Bought with:
OR and WA Non Rmls, NA
Non Rmls Broker
Source: RMLS (OR),MLS#: 172341867
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard
Appliances
- Included: Gas Water Heater
Features
- Basement: Finished,Full,Separate Living Quarters Apartment Aux Living Unit
Interior area
- Total structure area: 2,880
- Total interior livable area: 2,880 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 5,227 sqft
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: 120141
- Zoning: RS-9
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Shake Siding
- Foundation: Slab
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1922
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Corvallis
HOA & financial
Other financial information
- Total actual rent: 6516
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2025 | Sold | $790,000-1.1%$274/sqft |
Source:  RMLS (OR) #172341867 Report a problem | ||
| 7/3/2025 | Pending sale | $799,000$277/sqft |
Source: RMLS (OR) #172341867 Report a problem | ||
| 6/9/2025 | Listed for sale | $799,000$277/sqft |
Source: RMLS (OR) #172341867 Report a problem | ||
| 5/28/2025 | Pending sale | $799,000$277/sqft |
Source: RMLS (OR) #172341867 Report a problem | ||
| 5/20/2025 | Price change | $799,000-2.4%$277/sqft |
Source: RMLS (OR) #172341867 Report a problem | ||
| 3/9/2025 | Listed for sale | $819,000$284/sqft |
Source: RMLS (OR) #172341867 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,090 +3% | $273,146 +3% |
| 2023 | $4,941 +3% | $265,190 +3% |
| 2022 | $4,796 +3.4% | $257,466 +3% |
| 2021 | $4,638 +3.7% | $249,967 +3% |
| 2020 | $4,474 +5.2% | $242,686 +3% |
| 2019 | $4,251 -3% | $235,617 +3% |
| 2018 | $4,383 +2.5% | $228,754 +3% |
| 2017 | $4,274 +8.6% | $222,091 +3% |
| 2016 | $3,937 | $215,622 +3% |
| 2015 | $3,937 +2.2% | $209,342 +3% |
| 2014 | $3,853 +2.6% | $203,245 +6.1% |
| 2012 | $3,754 | $191,578 +6.1% |
| 2010 | -- | $180,581 +3% |
| 2009 | -- | $175,321 +3% |
| 2008 | -- | $170,215 +3% |
| 2007 | -- | $165,257 -19.2% |
| 2006 | -- | $204,530 +8.2% |
| 2005 | -- | $188,950 |
Find assessor info on the county website
Neighborhood: 97330
Nearby schools
GreatSchools rating
- 6/10Garfield Elementary SchoolGrades: K-5Distance: 1 mi
- 8/10Linus Pauling Middle SchoolGrades: 6-8Distance: 1.2 mi
- 5/10Corvallis High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Garfield
- Middle: Linus Pauling
- High: Corvallis
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$783,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$783,200
- Oregon
- Benton County
- Corvallis
- 97330
- 342 NW 12th St
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