2740 SW Western Blvd | Corvallis, OR 97333
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This Multifamily Property is no longer advertised on LoopNet.com.
2740 SW Western Blvd
Corvallis, OR 97333
Shadow Hills Apartments · Multifamily Property For Sale
·
72 Units

INVESTMENT HIGHLIGHTS
- 72 units comprising primarily one-bedrooms as well as two-bedrooms with amenities like full size kitchens and in-unit washer/dryers
- Impressive rent increases over the past three years, aided by student turnover
- Rents are more than 27% below market rates
- The newest, university-adjacent multifamily asset in Corvallis
- Optimal location directly adjacent to Oregon State University with a minutes-long walk to campus
- Opportunity for value-add upside is achievable via operational improvement
PROPERTY FACTS
| No. Units | 72 | Building Size | 42,256 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2003 |
| Building Class | B | Parking Ratio | 0.83/1,000 SF |
| Lot Size | 1.74 AC | ||
| Zoning | RS-20 | ||
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.74 AC |
| Building Size | 42,256 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2003 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | RS-20 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Courtyard
- Picnic Area
- Playground
- Cabana
- Lounge
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 64 | - | 566 |
| 2+1 | 8 | - | 996 |
PROPERTY TAXES
| Parcel Number | 141113 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,291,115 |
PROPERTY TAXES
Parcel Number
141113
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,291,115
Listing ID: 30132941
Date on Market: 11/20/2023
Last Updated:
Address: 2740 SW Western Blvd, Corvallis, OR 97333
The Multifamily Property at 2740 SW Western Blvd, Corvallis, OR 97333 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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