935 NW Hobart Ave - Apartments FOR SALE


Corvallis, OR 97330
$7,500,000 USD
541-760-0936
935 NW Hobart Ave, Corvallis, OR for Sale
$7,500,000 USD
Apartments - FOR SALE
1/18
null | 6.41% Cap Rate

935 NW Hobart Ave
Corvallis, OR 97330


OVERVIEW

Introducing Villa Chateau Apartments, a 46-unit, garden-style multifamily community located in Corvallis, OR. Built in 1970, the property consists of spacious two-bedroom units with open layouts. Villa Chateau offers residents amenities including fully equipped kitchens with dishwashers, hardwood-style floors, washer and dryer hook-ups, ample storage space, and patio space. Professionally managed and well-maintained, the property offers desirable community amenities like a seasonal pool, grill and picnic area, on-site laundry facilities, and off-street parking. The low-density setting, mature landscaping, and functional design appeal to long-term tenants seeking a quality rental option in one of Corvallis’ most amenity-rich neighborhoods. The property is centrally located near Oregon State University, Samaritan Health Services, HP Inc., and downtown Corvallis—providing direct access to the city’s primary employment, education, and retail drivers. Villa Chateau is directly adjacent to a wealth of national and local retail. Major locations like Market of Choice, Walmart, Bi-Mart, Trader Joe’s, and more are all within walking distance. With historically strong occupancy, consistent rent growth, and minimal new supply in the submarket covering OSU, Villa Chateau offers a compelling opportunity for investors seeking durable cash flow and long-term upside in a high-barrier, university-driven market.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

46

PRICE/UNIT

$163,043

CAP RATE

6.41%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Chateau

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

R

APN/PARCEL ID

065692,065866

ASK ABOUT THIS PROPERTY

Adam SmithHFO Investment Real EstateMore Info
541-760-0936

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Adam SmithHFO Investment Real EstateMore Info
541-760-0936

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.