622 S 16th St

Philomath, OR 97370

Move-In Ready or Investor-Ready: Ask lending partner re: low 4.99% rate option! Flexible 4-BR Opportunity! Built in 2020, thoughtful floor plan featuring open kitchen with SS appliances, walk-in pantry, and granite island flows into comfortable living spaces, fully fenced backyard. In Philomath/Corvallis, similar homes rent for $2,800–$3,200+/month, making this a smart investment with low maintenance and good demand. For buyers seeking an affordable newer home, Philomath provides small-town charm near OSU. Move-In Ready or Investor-Ready: Flexible 4-BR Opportunity! Ask about USDA RD 0% down financing. Or possible rent-to-own options. Lender Terri Linares at Union Home Mortgage has info re: 4.99% rate option with Seller participation. Built in 2020, this bright and welcoming home is ready for its next chapter—whether that’s as a first investment property or a place to settle into small-town living. The thoughtful floor plan centers on a modern kitchen with stainless steel appliances, a walk-in pantry, and a large granite island that’s perfect for cooking, gathering, or even spreading out homework. Four bedrooms provide flexibility for families, guests, or shared living arrangements, while the fully fenced, flat backyard creates space for play, gardening, or quiet evenings outdoors.For investors, this nearly new home offers strong rental potential with minimal upkeep thanks to its recent construction. In the Philomath/Corvallis area, comparable four-bedroom homes are currently renting between $2,800 and $3,200 per month, providing a path to steady income and long-term appreciation. With 25% down, a first-time investor can step into the market with confidence.For owner-occupants, this is an affordable opportunity to own a newer home in a quiet town just minutes from Oregon State University. Philomath offers a friendly community with quick access to Corvallis and a direct route to the Oregon Coast—making it an ideal spot for those who want convenience and connection without the hustle of city living.

Listing courtesy of JILL SCHUSTER of TRIPLE OAKS REALTY-CORVALLIS BRANCH 541-619-5427



Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Copyright 2025, Willamette Valley MLS.
Last checked: 2025-10-14 11:08 PM UTC