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2125 NW Highland Court 2125 NW Highland Dr 16 Unit Apartment Building $2,680,000 ($167,500/Unit) 6.01% Cap Rate Corvallis, OR 97330
EXECUTIVE SUMMARY
Rent numbers are based on management company. Rent roll and projections, expense are estimate as seller is involved in estate and does not have all the numbers. Buyer to do own due diligence. WOW! Very nice, hard to find, 17-unit apartment building in Corvallis. Clean, fully occupied, fantastic apartment building. 22 space paved parking, common area, irrigated landscape lawns, mature plantings, very nice setting.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,680,000 | Apartment Style | Townhome |
| Price Per Unit | $167,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.61 AC |
| Cap Rate | 6.01% | Building Size | 25,787 SF |
| Gross Rent Multiplier | 15 | Average Occupancy | 97% |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Zoning | RS-20 | ||
| Price | $2,680,000 |
| Price Per Unit | $167,500 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Gross Rent Multiplier | 15 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 25,787 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | RS-20 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,145 | 750 - 800 |
| 2+1.5 | 13 | $1,298 | 978 |
| 2+1 | 1 | $1,195 | 978 |
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 064851 | Total Assessment | $944,032 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
064851
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$944,032 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2125 NW Highland Court | 2125 NW Highland Dr
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