The Arcade Apartments

For Sale

440 NW 23rd St, Corvallis, OR 97330

This Corvallis property for sale is located at 440 NW 23rd St. The current listed sale price for The Arcade Apartments is $5,000,000.

Contacts

Gregory Frick

HFO Investment Real Estate | a Member of GREA

Adam Smith

HFO Investment Real Estate | a Member of GREA

Property Details

  • Property Type Other
  • Units 22
  • Year Built 1969
  • Date Updated May 15, 2026

Arcade Apartments presents a compelling investment opportunity just blocks from Oregon State University in Corvallis, Oregon — a high-barrier market where constrained multifamily development supports strong occupancy and long-term rent stability. The property benefits from durable, campus-driven rental demand, recent capital improvements that reduce near-term maintenance exposure, and value-add amenities including off-street parking and income-generating on-site laundry. With the asset currently operated as conventional multifamily, there is meaningful operational upside through a transition to a by-the-bed, student-focused leasing model aligned with the academic calendar — a strategy that typically drives higher effective rents, stronger occupancy, and more predictable revenue.

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Getting around

  • 84/100

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  • 37/100

    Transit Score ®

  • 100/100

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Location

  • City Corvallis, OR
  • Zip Code 97330

Points of Interest

  • Albany

    9.52 miles

  • Towne Pump

    0.25 miles

  • Blink

    0.49 miles

  • ChargePoint

    0.55 miles

  • OSU - 15th & Jefferson Way Lot

    0.60 miles

  • Clipper Creek

    0.88 miles

  • Chevron

    0.99 miles

  • BP

    1.10 miles

  • Fred Meyer

    1.17 miles

  • Chargepoint

    2.03 miles

  • Safeway

    2.08 miles

  • Sigma Pi Parking Lot

    0.07 miles

  • Stone Terrace Parking Lot

    0.09 miles

  • Parking for Delta Gamma

    0.17 miles

  • Town House Parking

    0.17 miles

  • Parking for Fillmore Inn

    0.18 miles

  • La Gavioto Apartment Parking

    0.20 miles

  • Well's Fargo Parking Lot

    0.21 miles

  • Corvallis iHouse parking

    0.21 miles

  • 7-11 Parking lot

    0.23 miles

  • Zion Lutheran Church Parking Lot

    0.24 miles

  • Fillmore Inn

    0.18 miles

  • Days Inn

    0.92 miles

  • Hotel Corvallis

    1.00 miles

  • Hilton Garden Inn Corvallis

    1.03 miles

  • Rodeway Inn

    1.08 miles

  • Super 8

    1.08 miles

  • Holiday Inn Corvallis

    1.10 miles

  • Courtyard Corvallis

    1.19 miles

  • Econo Lodge

    1.19 miles

  • Comfort Suites

    1.21 miles

  • Fred Meyer

    0.26 miles

  • HK Asian Market

    0.29 miles

  • Cannary Mall

    0.71 miles

  • Safeway

    1.09 miles

  • Trader Joe's

    1.09 miles

  • TJ Maxx

    1.11 miles

  • WinCo Foods

    1.28 miles

  • Grocery Outlet

    1.36 miles

  • Ross

    1.36 miles

  • Walmart Neighborhood Market

    1.36 miles

Contact The Arcade Apartments
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