755 – 760 Northwest 21st Street

Property feature image
Address: 760 NW 21st St, Corvallis, OR 97330, USA
Seattle & Northwest + Apartment Buildings
Created date: August 6, 2026
Date last updated: August 28, 2026
Price: $14,942,640Investment Analyzer NEW!
  • A short walk to campus, yet located close to downtown core and commercial areas.
  • 90 off-street parking spaces
  • Onsite laundry
  • RUBS policy only just began, which will lead to continued revenue increases throughout 2026
  • New ownership could take the property in a more unified and cohesive student housing or workforce housing direction
  • Seller is repositioning capital to an East Coast project
  • Many turns are completed in summer

Property Description

The Fillmore Apartments represent a rare opportunity to enter a nationally-desired campus market that happens to be in Oregon's most rent-burdened market. Corvallis and OSU will remain severely supply-constrained for the foreseeable future. Home to the state's largest university, Corvallis' anti-development policies have throttled competition from new construction seen in other campus markets, making multifamily investments in Corvallis align with basic supply/demand fundamentals. The property offers operational upside from an ongoing RUBS implementation plan and presents efficiency gains through a future focus on either campus or workforce housing. Each of the 204 studios (51 quads) has private entrances and each unit includes a closet and vanity with a sink. Each quad has a kitchen and one full bath and one half bath. Nearly half of the units have been remodeled. Current ownership has invested over $1.5 million of capex into the property.
Availabletick-green

Request Information

Broker Details

Bjorn Beer
Bjorn Beer

SVN | Imbrie Realty 541-745-4050 MLS ID: 10861

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $14,942,640
No. of Units: 204
Opportunity Zone: No
Price per unit: $73,248
Property Website Click Here
Address: 755 - 760 Northwest 21st Street, Corvallis, OR 97330, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

120 D Street

120 D Street

Hot Springs, Montana
Seattle & Northwest + Apartment Buildings
Units: 6
Price: $320,000
1414 N Lincoln St

1414 N Lincoln St

Spokane, Washington
Seattle & Northwest + Apartment Buildings
Units: 9
Price: $799,950
2521 E Queen Ave

2521 E Queen Ave

Spokane, Washington
Seattle & Northwest + Apartment Buildings
Units: 1
Price: $300,000

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up