Nash apartments

$4,900,000 | 24 Units

1218-1230 NW 23rd St, Corvallis, OR 97330

  • Prime University-Adjacent Location: Just one mile from Oregon State University, the property offers exceptional convenience for students, faculty, and staff, ensuring consistent rental demand and strong occupancy.

  • Rare, Well-Maintained 1980s Construction: Built in the 1980s and meticulously cared for, the property combines timeless design with durable construction, minimizing near-term capital expenditure needs.

  • Tenant-Friendly Parking Capacity: Ample off-street parking provides a significant advantage in a market where parking is often limited. This feature enhances tenant satisfaction, reduces turnover, and increases leasing appeal for both student renters and long-term residents.

  • Versatile & Demand-Driven Unit Mix: A wide range of floor plans—including one-, two-, three-, and four-bedroom layouts—appeals to diverse tenant profiles, from individuals to large households, supporting leasing stability year-round.

Property Highlights

The Nash Apartments is a 24-unit complex located one mile from Oregon State University, the largest university in Oregon. 

The property consists of two adjacent parcels. The first parcel is a six-unit building located at 1218 NW 23rd St. It was constructed in 1986 and contains four two-bedroom/one-bathroom units, one three-bedroom/one and one-half bathroom unit, and one four-bedroom/one and one-half bathroom unit. The two upstairs units have vaulted ceilings with a loft-style layout that is very appealing to students. Exterior updates include new siding and paint within the last three years. 

The second parcel is an 18-unit building located at 1230 NW 23rd St. This property was constructed in 1983 and contains seventeen two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit. Exterior updates include a new roof and fresh paint within the last year. Parcel are priced together but may be sold separately.

Both properties have ample parking for tenants, with a total of 24 off-street parking spaces and nearby street parking. Additional amenities include an on-site laundry room and 24 bike rack spots. Each unit has a private balcony or patio, baseboard heating, vinyl flooring in the common areas, and carpet in the bedrooms. The kitchens include white appliances, dishwashers, laminate counters, and classic cabinets. 

The Nash Apartments are ideally situated just one mile from the Oregon State University campus, offering easy commutes for students and faculty alike. Beyond campus proximity, tenants will find everyday essentials within easy reach, including grocery stores and local services. They will also appreciate the excellent access to parks and trails, perfect for outdoor recreation.