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22-Unit Townhouse-Style Apartment Complex
New
For Sale
$2,950,000

924-928 NW Sycamore Av, Corvallis, OR 97330

Three-building multifamily property with private patios, off-street parking, and a mix of original and updated rental units.

Property Size18,304 SF
Price / SF$161.17
Days on Market2

Property Features for 924-928 NW Sycamore Av

General Information

Standard status Active
Size 18,304 SF
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence deferred maintenance

Additional Details

Asking Price $2,950,000
Multifamily Units 22

Amenities

private patios
off-street parking

Building Details

Year Built 1977
Buildings 3
Listing Agency: Keller Williams Realty -Albany
Listed By: Matin Real Estate
Source: Portlandrealestate
Added: Sep 6 Last Checked: Sep 6 at 2:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty -Albany

Investment Insights

Based on property information with market context.

This 22-unit apartment property comprises three buildings with townhouse-style floor plans, private patios, and off-street parking. Built in 1977, the 18,304-square-foot complex includes a range of unit conditions, from original interiors to partially improved and more recently updated rental-grade units. Completed improvements in select apartments include oak or hickory-style cabinetry, refreshed bathrooms, newer appliances, vinyl windows, newer doors, updated flooring, and enhanced heating systems.

The property is positioned for a renovation and stabilization program. Current conditions include deferred maintenance, vacancies, inspection-noted repair items, and rents below projected remodeled market levels. Pre-listing inspections cover all three buildings, with unit-level condition notes, floor plans, a rent roll, financials, and supporting materials available for review. The asset is located at 924-928 NW Sycamore Av in Corvallis, Oregon.

Key Highlights

  • 22 units across three apartment buildings
  • 18,304 square feet; built in 1977
  • Townhouse‑style floor plans with private patios

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Electrical Service HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22
Residential units

Location Intelligence

Trade Area within ½ mile

836
Businesses Nearby

Demographics for 97330, OR

43,947
Population
19,957
Households
2.2
Avg Household Size
33
Median Age
60%
College-Educated
96%
High-School Grad
78.0 sq mi
ZIP Area
563
Density / Sq Mi
$69,127
Median Household Income
$28,966
Median Earnings
$1,339
Median Rent
$495,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-building multifamily property with private patios, off-street parking, and a mix of original and updated rental units.
Where is this apartment building located?
The property is located at 924-928 NW Sycamore Av Corvallis, OR.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 22 units across three apartment buildings; 18,304 square feet; built in 1977; Townhouse‑style floor plans with private patios
More about this property
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