Kings Court Apartments

For Sale

502 NW Kings Blvd, Corvallis, OR 97330

This Corvallis property for sale is located at 502 NW Kings Blvd. The current listed sale price for Kings Court Apartments is $2,395,000. Kings Court Apartments is situated on a lot that is 0.79 acre in size.

Contacts

broker

Bjorn Beer

SVN | Imbrie Realty

(541) 745-4050

Property Details

  • Property Type Multi-Family
  • Property Size 10,356 SF
  • Units 16
  • Lot Size 0.79 Acre
  • Year Built 1948
  • Year Renovated 2023
  • Date Updated Apr 20, 2024
Just blocks from campus, the complex is located on Kings and provides exceptional value near OSU with long term upside potential for redevelopment (currently in the 2024 QCT).Exceptionally located 16 unit adjacent to campus. Rent upside justifies a long term hold, yet the location would allow for a "covered land play" for future redevelopment located in the 2024 QCT. Sold separately, or part of a portfolio with another nearby 12 unit.

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Highlights

  • - Onsite Laundry
  • - Rent upside
  • - 0.79 Acres close to campus provides developers with a "covered land play"
  • - Exceptional location next to campus, and walking distance to Fred Meyer
  • - Water, sewer, and garbage paid by owner, which presents opportunity to charge RUBS to future tenants
  • - Current expenses include capital expense relating to turns - all but three units remodeled

Getting around

  • 85/100

    Walk Score ®

  • 37/100

    Transit Score ®

  • 100/100

    Bike Score ®

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Location

  • City Corvallis, OR
  • Zip Code 97330
  • Market Eugene

Points of Interest

  • Albany

    9.44 miles

  • Arco

    0.89 miles

  • Chevron

    0.92 miles

  • Chevron

    0.98 miles

  • BP

    0.99 miles

  • Fred Meyer

    1.06 miles

  • Pacific Pride

    1.46 miles

  • Safeway

    2.18 miles

  • Arco

    8.99 miles

  • Shell

    9.00 miles

  • Chevron

    9.39 miles

  • Town House Parking

    0.15 miles

  • Well's Fargo Parking Lot

    0.17 miles

  • 7-11 Parking lot

    0.19 miles

  • Parking for Delta Gamma

    0.19 miles

  • Parking for Fillmore Inn

    0.19 miles

  • Sigma Pi Parking Lot

    0.20 miles

  • Valley Eye Care Parking Lot

    0.21 miles

  • Stone Terrace Parking Lot

    0.22 miles

  • La Gavioto Apartment Parking

    0.28 miles

  • Residential Parking Lot

    0.30 miles

  • Days Inn

    0.80 miles

  • Super 8

    0.96 miles

  • Holiday Inn Corvallis

    0.97 miles

  • Hilton Garden Inn Corvallis

    1.04 miles

  • Econo Lodge

    1.09 miles

  • Comfort Suites

    1.12 miles

  • Best Western Grand Manor and Suites

    1.12 miles

  • Budget Inn

    1.54 miles

  • Galaxie Motel

    4.62 miles

  • St. Francis

    9.32 miles

  • Fred Meyer

    0.20 miles

  • Animal Crackers

    0.29 miles

  • Cannary Mall

    0.58 miles

  • Corvallis Exchange Used and New

    0.92 miles

  • Trader Joe's

    0.99 miles

  • TJ Maxx

    1.01 miles

  • Safeway

    1.01 miles

  • Grocery Outlet

    1.26 miles

  • WinCo Foods

    1.26 miles

  • Walmart Neighborhood Market

    1.28 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Bjorn Beer

SVN | Imbrie Realty

(541) 745-4050