924-928 NW Sycamore Av, Corvallis, OR 97330
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: samantha alleyCell: 541-918-5040
Office: re/max integrity corvallis branch541-766-2000
MLS#:845422
Source:OR_WVMLS
924-928 NW Sycamore Av,Corvallis, OR 97330
$2,950,000
- - Beds
- 22 Baths
- 18,304 sq. ft.
- Multi-family
- Active
Price summary
- Price:$2,950,000
- Price per sq. ft.:$161.17
About this home
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....
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Home facts
- Year built:1977
- Subdivision & Development:Highland Lawn Acres
- Listing ID #:845422
- Added:1 day(s) ago
- Updated:September 05, 2026 at 05:03 AM
Rooms and interior
- Total bathrooms:22
- Flooring:Carpet, Vinyl
- Dining Description:Combination Dining Area
- Kitchen Description:Dishwasher, Disposal, Range Included, Range: Electric
- Living area:18,304 sq. ft.
Structure and exterior
- Roof:Composition, Shingle
- Year built:1977
- Building area:18,304 sq. ft.
- Lot area:0.83 Acres
- Lot Features:Dimension Above
- Construction Materials:Wood
- Exterior Features:Fenced Yard, Patio, Underground Sprinklers
- Foundation Description:Slab
Schools
- High school:Corvallis
- Middle school:Linus Pauling
- Elementary school:Garfield
Utilities
- Water:City, Connected
Finances and disclosures
- Price:$2,950,000
- Price per sq. ft.:$161.17
- Tax amount:$26,084 (25-26)
Features and amenities
- Amenities:Electric Water Heater
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