Orchard Crest Apartments

3207-3275 NW Orchard Ave, Corvallis, OR 97330

Property Information

  • For Sale $9,250,000
  • Property Type Other
  • Units 27
  • Year Built 1964
  • Date Updated May 15, 2026

Description

Orchard Crest Apartments presents a rare campus-adjacent investment opportunity located just 0.6 miles from Oregon State University, placing residents within true walking distance of one of the nation’s leading research universities. The 0.99-acre infill site benefits from an irreplaceable location in the core OSU housing corridor, where limited available land and strong enrollment trends continue to support durable rental demand. With approximately 38,460 students enrolled and on-campus housing accommodating only about 17% of the student population, a significant portion of the market relies on off-campus housing, creating a persistent supply-demand imbalance. The property’s proximity to campus attracts a broad tenant base including students, graduate researchers, faculty, and university staff, supporting consistent occupancy. Existing improvements provide near-term income while offering investors the opportunity to capitalize on the long-term redevelopment potential of a well-located site in one of the Pacific Northwest’s most supply-constrained student housing markets.

Contacts

Adam Smith

HFO Investment Real Estate | a Member of GREA

Location

Contact Listing Broker
Adam Smith

HFO Investment Real Estate | a Member of GREA

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