640 NW 5th St, Corvallis, OR 97330 Property Records

Benton County property record for 640 NW 5th St, Corvallis, OR 97330

Property Summary

Property Type	Multi-Family Dwellings
Details	11,520 sqft · built 1964
Lot Size	0.38 acres (16,553 sqft)
Owner	Company Name on Record
Last Sale	$3,550,000 (Aug 2004)
Tax Bill	$16,973 (2025)
Deeds & Mortgages	Jan 2020 Line of Credit Feb 2017 Mortgage
Flood Zone	Zone X (moderate risk)
APN	`11535DB03500`

Property Details

APN / Parcel Number

Primary APN	`11535DB03500`
Alternative APN	`121594`

Interior

Stories	1 Story
Building Area	11,520 sqft Total Area

Exterior

Year Built	Built 1964
Effective Year Built	Effective 1964
Architectural Style	Multi-Family
Lot Area	16,553 sqft (0.38 acres)

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	HVAC

Location & Zoning

Account Number	121594
Street Address	640 NW 5TH ST
City	CORVALLIS
State	OR
Zip	97330-6470
Property Category	Residential
Property Type	Residential > Multi-Unit > Multi-Family Dwellings
Local Zoning Code	RS-20
Legal Description	DIXONS 2ND
Legal Range	5W
Legal Township	11S
Legal Section	35
Legal Subdivision	DIXONS 2ND
Legal Block	16
Legal Lot Number	8,9
Jurisdiction	BENTON OR
Township / Civil Division	CORVALLIS
Census Block Group	1
Census Block	1014
Census Tract	10601

Owner

Source: Benton County records, as of May 21, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	8417 SW BEAVERTON HILLSDALE HWY, PORTLAND, OR 97225-2217
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Jan 29, 2020	Deed of Trust, Construction Loan · Line of Credit FIRST REPUBLIC BK
Feb 13, 2017	Deed of Trust, Mortgage FIRST REPUBLIC BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Aug 11, 2004 · Amount on Record
Deed Sale	Aug 11, 2004 · Amount on Record
Deed Document Number	2004372334
Record Updated	Sep 20, 2026

January 2020: Deed of Trust, Construction Loan

Document Type	Deed of Trust
Jurisdiction	BENTON OR
Recording Date	Jan 29, 2020
Property Address	640 NW 5TH ST, CORVALLIS, OR 97330-6470
Document Number	0000591023
Instrument Date	Jan 29, 2020
Instrument	591023
Transaction Type	Construction Loan
Record Updated	Feb 18, 2020
Title Company	TICOR TITLE INSURANCE COMPANY, TICOR TITLE

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	8417 SW BEAVERTON HILLSDALE HWY PORTLAND OR 972252217, PORTLAND, OR 97225-2217

Mortgage

Document Number	0000591023
Date	Jan 29, 2020
Instrument	591023

Lender

Name	FIRST REPUBLIC BK
Type	Bank
Address	111 PINE ST, SAN FRANCISCO, CA 94111-5602

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	120 Months
Due	Jan 28, 2030

Interest

Rate Type	Adjustable Rate

February 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BENTON OR
Property Address	640 NW 5TH ST, CORVALLIS, OR 97330-6470
Document Number	0000555624
Instrument Date	Feb 13, 2017
Transaction Type	Mortgage
Record Updated	Apr 4, 2017
Title Company	OTHER

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	8417 SW BEAVERTON HILLSDALE HWY PORTLAND OR 972252217, PORTLAND, OR 97225-2217

Mortgage

Document Number	0000555624
Date	Mar 22, 2017
Instrument	555624

Lender

Name	FIRST REPUBLIC BK
Type	Bank
Address	111 PINE ST, SAN FRANCISCO, CA 94111-5602

Agreement

Amount	Amount Recorded
Term	120 Months
Due	Mar 21, 2027

Tax Assessment & Valuation

Source: Benton County assessment roll, as of May 21, 2026

Property Jurisdictions

Type	Name
State	Oregon
County	Benton County
Municipality	Corvallis City
Unified School District	Corvallis School District 509J (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$16,973.00 (+3.05%)	$883,122 (+3%)	$1,290,562 (+2.25%) Land $363,000 Building $927,562
2024	$16,470.00 (+3.01%)	$857,400 (+3%)	$1,262,188 (-0.52%) Land $363,000 Building $899,188
2023	$15,988.00 (+3.01%)	$832,427 (+3%)	$1,268,735 (+7.88%) Land $363,000 Building $905,735
2022	$15,521.00	$808,182
2002			$1,176,099 Land $363,000 Building $813,099

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective April 28, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Nearest Special Flood Hazard Area	Zone AE, within 100 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 30 policies
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	30 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 99.8% of Oregon
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF CORVALLIS serves 61,468 people · EPA ID OR4100225
Water Source	Surface water
Last State Inspection	Aug 2024
Lead	2 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 483 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Ziply Fiber Fiber	6,000 / 6,000
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: AT&T, CenturyLink.

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