7 units on the west side of 2nd Street in downtown Corvallis. (3) 1 bed / 1 bath units and (4) Studios with an onsite laundry room and (4) off-street parking stalls. New roof - December 2021. Owner pays all utilities. Current NOI at $36,200, actual 5.0 cap. Projected NOI at $43,172 once rents are at market.
Multi-familyProperty Type
1910Year Built
5,214 sq ftLot Size
$273Price/Sq.Ft.
Listed by Gabe Johansen• SMI Commercial Real Estate LLC
Bought with Gabe Johansen• SMI Commercial Real Estate LLC
Source:RMLS #22266880
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7 units on the west side of 2nd Street in downtown Corvallis. (3) 1 bed / 1 bath units and (4) Studios with an onsite laundry room and (4) off-street parking stalls. New roof - December 2021. Owner pays all utilities. Current NOI at $36,200, actual 5.0 cap. Projected NOI at $43,172 once rents are at market.
RMLS #22266880
Apr 19, 2022
Sold
$706,875
$210/sq ft
Feb 3, 2022
Listed
$725,000
$215/sq ft
+18
Public Records
Dec 28, 2012
Sold
$236,820
$70/sq ft
WVMLS #642093
Dec 12, 2011
Listing Removed
—
Jun 21, 2011
Listed
$420,000
$125/sq ft
Public Records
May 22, 2009
Sold
$342,000
$101/sq ft
Public Records
Jun 19, 2006
Sold
$269,900
$80/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,030 (+3.1%)
2024
$2,941 (+3.0%)
2023
$2,855 (+3.0%)
2022
$2,771 (+3.4%)
2021
$2,679 (+0.5%)
2020
$2,665 (+8.5%)
2019
$2,456 (−0.5%)
2018
$2,469 (+8.1%)
2017
$2,284 (+0.5%)
2016
$2,274 (+5.3%)
2015
$2,159 (+2.7%)
2014
$2,103 (+5.7%)
2013
$1,990 (+4.1%)
2012
$1,913 (+1.7%)
2011
$1,881 (+6.1%)
2010
$1,773 (+3.0%)
2009
$1,722
Tax history for 620 SW 2nd St
Year
Property tax
Land + Additions
Assessment*
2025
$3,030 (+3.1%)
2024
$2,941 (+3.0%)
2023
$2,855 (+3.0%)
2022
$2,771 (+3.4%)
2021
$2,679 (+0.5%)
2020
$2,665 (+8.5%)
2019
$2,456 (−0.5%)
2018
$2,469 (+8.1%)
2017
$2,284 (+0.5%)
2016
$2,274 (+5.3%)
2015
$2,159 (+2.7%)
2014
$2,103 (+5.7%)
2013
$1,990 (+4.1%)
2012
$1,913 (+1.7%)
2011
$1,881 (+6.1%)
2010
$1,773 (+3.0%)
2009
$1,722
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Exterior
Exterior Information
Physical Condition: Average
Building Type: Commercial
Property Information
Subdivision Name: AVERYS
Building Sq. Ft: 3,373
# of Stories: 1
Legal Description: AVERYS LOT 4 BLK F
Lot Information
# of Buildings: 2
Land Sq. Ft: 5,214
Legal Lot Number: 4
Legal Block Number: F
Municipality Name: CORV
Acres: 0.1197
State Use Description: APART
Financial
Assessor Information
Assessment Year: 2025
Tax Area: CORV
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,373
Stories: 1.0
Lot Size: 5,214 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1910
Year Renovated: —
County: Benton County
APN: 145056
Home facts updated by county records on Oct 19, 2026
Around this home
Schools
Garfield Elementary School
Public K-5 • Assigned • 1.7mi
6/10
Linus Pauling Middle School
Public 6-8 • Assigned • 1.9mi
8/10
Corvallis High School
Public 9-12 • Assigned • 1.2mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 91° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
10 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Corvallis, OR • 97333
Average low and high temperatures (°F)
47
32
50
35
57
40
64
41
70
46
78
50
85
54
86
57
78
52
63
43
52
41
49
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10 hours in
June and 2.1 hours in December, placing it below the
U.S. average for solar exposure.