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$2,950,000
44 Beds 22 Baths
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.

924-928 Nw Sycamore Ave, Corvallis

Listing Courtesy of RE/MAX INTEGRITY CORVALLIS BRANCH. Cell: 541-918-5040

$499,900
3 Beds 1 Baths
Accepted Offer with Contingencies. One-of-a-kind single-level home just blocks from OSU featuring vaulted beam ceilings, south-facing clerestory windows, and an open floor plan filled with natural light. Architectural character shines through w/ a stone gas fireplace, wood & tile floors, spacious kitchen & dining areas, & abundant storage. The primary bedroom opens directly to a private deck with adjoining sauna, while the fully fenced backyard offers garden space, a large storage shed & former potting shed ready for a gardener’s touch. Thoughtfully maintained & full of architectural character, this unique campus-close home offers a rare combination of privacy, functionality, & location in one of Corvallis' most desirable neighborhoods. Just blocks from Oregon State University, the property provides convenient access to campus, downtown amenities, parks, restaurants, and bike routes while retaining the feel of a private retreat.The inviting open-concept living space is highlighted by vaulted beam ceilings and south-facing clerestory windows that flood the home with natural light while preserving privacy. A striking stone gas fireplace serves as the centerpiece of the living area, creating a warm & welcoming atmosphere. Wood and tile flooring add durability and timeless appeal throughout the home.The spacious kitchen offers generous workspace and storage, flowing seamlessly into the dining & living areas for comfortable everyday living and entertaining. Large windows and thoughtful design elements create a bright, airy environment that showcases the home's distinctive character.The generously sized bathroom features a tile shower & integrated laundry area for convenience, while ample storage throughout the home helps maximize functionality. Energy-efficient vinyl windows contribute to year-round comfort & efficiency.Outdoor living is equally appealing. The private, fully fenced backyard features a deck ideal for relaxing or entertaining, room for gardening, a large storage shed offering excellent space for tools, bicycles, hobbies, and outdoor equipment, and a former potting shed ready to be brought back to life. Just off the primary suite, a private deck & adjoining sauna create a unique retreat for relaxation & wellness.With abundant storage, distinctive architectural features, & an unbeatable location near OSU, this property presents a rare opportunity for owner-occupants, university-affiliated buyers, or investors seeking a well-maintained home with enduring character & broad appeal.

1663 Nw Tyler Ave, Corvallis

Listing Courtesy of SIMS REALTY, LLC. 541-914-1567

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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.

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