NEW! Buy and sell safely with virtual options - Learn More
About the Listing 259 - 5119
Accepted Offer with Contingencies. 22-unit value-add apartment complex in Corvallis with 3 buildings, townhouse-style floor plans, private patios, off-street parking and strong rent upside. Mix of original, partially updated& more modern rental-grade units. Pre-listing inspections, unit notes, floor plans, rent roll and financials available for review. Priced to reflect current condition, with some units remodeled, deferred maintenance & below-market rents & an opportunity for an experienced investor to improve, stabilize and grow income. Offering a rare opportunity for an experienced investor to acquire scale in a strong rental market. The property consists of three buildings with townhouse-style floor plans, private patios, off-street parking, and a mix of original, partially updated, and more modern rental-grade units. Several units have already received meaningful updates, including oak or hickory-style cabinetry, updated bathrooms, newer appliances, vinyl windows, newer doors, updated flooring, and improved heating in select units.Current rents are significantly below the projected remodeled market rent, creating a clear upside path through continued unit turns, exterior improvements, and rent stabilization. The property is being priced to reflect its current as-is condition, including deferred maintenance, below-market rents, vacancies, and inspection-noted repair items. This is not being presented as a turnkey stabilized asset today; it is a repositioning opportunity with strong long-term income potential.Seller has completed pre-listing inspections for all three buildings, and an inspection overview has been created as unit-by-unit condition summary, rent roll, financials, floor plans, and supporting documents are available for review. The inspection summary identifies building and unit-level items so buyers can evaluate the property with more clarity before writing an offer.For investors looking for a Corvallis multifamily asset with unit count, upside, and a practical improvement path, this property offers a compelling opportunity to improve condition, increase income, and reposition the asset over time. Asking price: $2,950,000.
Listing Highlights
Interior Details
- Bedrooms: 44
- Bathrooms: 22 Full
- Appliances: Yes, Electric, Range Included, Refrigerator Included
- Air Cond:
- Heating: Electric,Baseboard,Zonal
- Fireplaces:
- Floor: Carpet,Luxury Vinyl Plank,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Connected,City
Exterior Details
- Lot Description: Dimension Above,Yes
- Garage Capacity: N/A
- Lot Dimensions: 211 x 170
- Roof: Composition,Shingle
- Others: Front door,Patio,Wood,T111
- Sewer: City
Financial Details
- Tax Amount: $26,084
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
924-928 NW Sycamore Ave Corvallis, OR 97330
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
