Commercial Real Estate in United States available for sale
Student Housing Buildings For Sale

Student Housing Buildings for Sale in USA

More details for 217 W 28th St, Buena Vista, VA - Multifamily for Sale

Smore's House - 217 W 28th St

Buena Vista, VA 24416

  • Student Housing
  • Multifamily for Sale
  • $568,350 CAD
  • 2,600 SF

Buena Vista Multifamily for Sale

?? PRICE REDUCED – TURNKEY INVESTMENT PROPERTY NEAR SOUTHERN VIRGINIA UNIVERSITY ?? 217 West 28th Street, Buena Vista, VA ?? Now Offered at $399,900 Investor opportunity just minutes from Southern Virginia University! This fully renovated property is currently producing $2,950/month ($35,400 annually) in gross rental income and is ideally positioned to serve the strong demand for student and local workforce housing. Income & Expenses ?? Gross Rental Income: $2,950/month ($35,400/year) Estimated Annual Expenses: • Real Estate Taxes: $2,758.70 • Insurance: ~$960/year • Internet: ~$840/year • Electric: ~$2,400/year • Water/Trash/Sewer: ~$1,800–$2,400/year Property Features ? 4 Bedrooms ? 6 Bathrooms ? Approximately 2,600 Sq Ft ? Fully Renovated in 2020 ? Modern Finishes Throughout ? Turnkey Investment Opportunity ? Minutes from Southern Virginia University Whether you're looking to expand your rental portfolio, invest in student housing, or acquire a stabilized income-producing property, this one is worth a look. ?? Additional photos, financial information, and property details can be found here: ?? PROPERTY WEBSITE ?? https://view.clingerphoto.com/217_w_28th_st-6091 ?? Message me with any questions or to schedule a private tour. Wes Sparks, REALTOR® eXp Realty ?? (540) 836-5179 #InvestmentProperty #CashFlow #RealEstateInvestor #StudentHousing #SouthernVirginiaUniversity #RentalProperty #BuyAndHold #PassiveIncome #VirginiaRealEstate #BuenaVistaVA #PriceReduced

Contact:

EXP Realty-Diligence

Property Subtype:

Apartment

Date on Market:

2026-06-14

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More details for 6479 West 317 North Street, Ely, NV - Specialty for Sale

aka White River Boys Youth Ranch - 6479 West 317 North Street

Ely, NV 89301

  • Student Housing
  • Specialty for Sale
  • $1,705,476 CAD
  • 6,952 SF

Ely Specialty for Sale

A Rare Opportunity in the Heart of White River Valley Discover an extraordinary property with endless possibilities and breathtaking panoramic views. Situated on approximately 80.79 acres in White River Valley near Lund and Ely, Nevada, this one-of-a-kind ranch campus offers a unique blend of residential, recreational, and commercial-style amenities. The impressive main lodge features nearly 3,900 square feet on the main level and is constructed with 8" lodge pole pine logs and an engineered steel roof. Inside, you'll find a spacious great room, commercial kitchen complete with stainless steel appliances, commercial hood system, walk-in refrigerator and freezer, offices, storage areas, laundry facilities, and a loft classroom space. The fully finished basement adds over 3,000 square feet and includes an additional apartment, office space, medical room, multipurpose areas, meeting/game room, and mechanical room. Accommodations continue with two dormitory-style cabins, each approximately 1,776 square feet and designed to house up to 16 residents. Both cabins feature common living areas, laundry facilities, staff bathrooms, and utility rooms, with additional basement storage beneath one cabin. The property also includes three bunkhouses, a large multipurpose metal building with kitchen facilities, a pond, and a natural hot spring that provides heat to the ranch. Whether you're seeking a retreat center, camp, educational facility, corporate getaway, or private ranch compound, this remarkable property offers exceptional infrastructure and limitless potential in a stunning rural Nevada setting.

Contact:

Desert Mountain Realty

Date on Market:

2026-06-12

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More details for Gonzaga District Investment Opportunity – Multifamily for Sale, Spokane, WA

Gonzaga District Investment Opportunity

  • Student Housing
  • Multifamily for Sale
  • $909,587 CAD
  • 1,344 SF
  • 2 Multifamily Properties
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More details for 1161 W 37th Dr, Los Angeles, CA - Multifamily for Sale

1161 W 37th Dr

Los Angeles, CA 90007

  • Student Housing
  • Multifamily for Sale
  • $5,116,428 CAD
  • 4,436 SF
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More details for Long Beach Off-Campus Student Housing – Multifamily for Sale, Long Beach, CA

Long Beach Off-Campus Student Housing

  • Student Housing
  • Multifamily for Sale
  • $37,307,286 CAD
  • 52,492 SF
  • 7 Multifamily Properties

Long Beach Portfolio of properties for Sale - Long Beach: Suburban

THE OPPORTUNITY The Vibe Housing Portfolio offers a structured entry into a supply-constrained, demand-driven off-campus student housing ecosystem anchored by one of the largest and fastest-growing public universities in the country. The combination of structural undersupply, enrollment growth, recurring rent-setting mechanisms, and scalability positions the portfolio to deliver both durable cash flow and long-term value creation. Stepp Commercial is pleased to present the Vibe Housing Long Beach Off-Campus Student Housing Portfolio, a collection of five well-located assets encompassing 216 beds. Vibe Housing employs a "by the bed" (216 beds in total) leasing model — a format widely adopted in purpose-built student housing — which rents furnished individual beds, rather than entire units. This approach is highly attractive to students, eliminating the need to coordinate roommates and offering more flexible housing options. For ownership, the model drives higher effective rents per unit and supports more stable, diversified cash flow. The Vibe Housing Portfolio benefits from consistent built-in demand by California State University, Long Beach (CSULB). SEVERELY LIMTED ON-CAMPUS HOUSING INVENTORY The subject portfolio is positioned within one of the most supply-constrained student housing markets in California. CSULB maintains an on-campus housing saturation rate of approximately 7–8%, with only 3,200–3,500 beds serving a student population exceeding 42,000. As a result, more than 38,000 students are functionally displaced into the private rental market, creating a large and consistent market for off-campus housing. Even with planned future development, on-campus capacity is projected to remain materially below demand, reinforcing a long-term structural imbalance that directly benefits private student housing operators. ACCELERATING ENROLLMENT CSULB has demonstrated consistent and accelerating enrollment growth, reaching a record 42,003 students in the 2024–2025 academic year, with continued growth projected into 2025–2026. This trend is driven by the university’s increasing national profile, academic breadth (190+ programs), and strong value proposition. Enrollment has grown approximately 10.7% since the post-pandemic dip, with multiple consecutive years of expansion, showing that demand for student housing is likely to remain strong and consistent. HIGHEST APPLICATION VOLUME IN THE CSU SYSTEM CSULB received approximately 84,000 applications in the most recent admissions cycle, a 25% increase over the prior four cycles, ranking first in applicant volume across the entire 23-campus California State University system. This expanding applicant funnel is a critical forward-looking indicator, reflecting both sustained demand for enrollment and a deep pipeline of future renters. The scale of applications relative to enrollment capacity ensures continued selectivity and stability, supporting long-term occupancy across well-located off-campus housing assets. BUSINESS MODEL DRIVES CASH FLOW & RENT GROWTH The portfolio operates under a student housing model that differs from traditional multifamily: Per-bed or shared housing economics allow for higher effective rent per unit Annual lease cycling aligned with the academic calendar enables consistent rent resets each year • 25% student tenant retention provides a stable baseline of income • Recurring demand refresh (new students annually) reduces exposure to long-term tenant stagnation • Fragmented competition (limited purpose-built supply near campus) supports pricing power EXPONENTIAL GROWTH OPPORTUNITY Beyond in-place cash flow, the portfolio represents a scalable operating platform. The underlying business model—targeting underutilized conventional multifamily assets and repositioning them for student occupancy—can be replicated across additional acquisitions in the CSULB submarket. There is a clear opportunity to expand the portfolio through strategic acquisitions, standardize operations, and achieve economies of scale in leasing, marketing, and property management.

Contact:

Stepp Commercial - KWPE

Property Subtype:

Multi Family

Date on Market:

2026-06-09

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More details for 3615 Victoria St N, Shoreview, MN - Flex for Sale

3615 Victoria St N

Shoreview, MN 55126

  • Student Housing
  • Flex for Sale
  • $1,918,660 CAD
  • 8,688 SF
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More details for 6565 Sabado Tarde, Goleta, CA - Multifamily for Sale

Sea View Apartments - 6565 Sabado Tarde

Goleta, CA 93117

  • Student Housing
  • Multifamily for Sale
  • $16,059,899 CAD
  • 21,000 SF
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More details for 406 S Wilkinson St, Milledgeville, GA - Multifamily for Sale

The Haven - Value Add Student Housing Adjacen - 406 S Wilkinson St

Milledgeville, GA 31061

  • Student Housing
  • Multifamily for Sale
  • $10,431,828 CAD
  • 50,640 SF
  • Air Conditioning
  • 24 Hour Access

Milledgeville Multifamily for Sale

University Holdings is pleased to present Haven, a 37-unit, 82-bed purpose-built student housing portfolio located in the heart of Milledgeville, Georgia. Situated across three properties at 406 S. Wilkinson Street, 620 S. Jefferson Street, and 141 W. Baldwin Street, Haven offers investors the rare opportunity to acquire a fully occupied, walk-to-campus student housing asset serving Georgia College & State University and Georgia Military College. The portfolio consists of approximately 50,640 rentable square feet and features a mix of spacious two-bedroom and three-bedroom townhome-style floorplans. Residents benefit from modern construction, private bedroom layouts, ample parking, solid oak cabinetry, soundproofing between units, and an unmatched location within walking distance of campus and Downtown Milledgeville’s restaurants, entertainment, and retail destinations. Haven is currently 100% occupied and has already achieved more than 76% pre-leasing for the upcoming academic year, demonstrating exceptional demand and strong market positioning. Current rents average approximately $721 per bed, while ownership projects rents to increase to nearly $784 per bed next year. Comparable student housing communities located farther from campus are achieving substantially higher rental rates, creating a clear value-add opportunity through continued rental growth. With the property’s location, strong leasing performance, and favorable university enrollment trends, Haven offers an attractive opportunity to acquire a high-performing student housing investment with immediate and long-term NOI growth potential.

Contact:

University Holdings

Property Subtype:

Apartment

Date on Market:

2026-06-08

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More details for 8025 Beverly Dr, Rohnert Park, CA - Multifamily for Sale

Allegro Apartments - 8025 Beverly Dr

Rohnert Park, CA 94928

  • Student Housing
  • Multifamily for Sale
  • $15,633,530 CAD
  • 46,150 SF
  • Fitness Center

Rohnert Park Multifamily for Sale - Petaluma/Cotati/Rohnert

Presenting a rare opportunity to acquire a strategically located 36-unit community offering exceptional flexibility, strong in-place income, and substantial upside potential. The property consists of thirty-five spacious 4-bedroom, 2-bath units and one 2-bedroom, 1-bath unit, creating a unique asset that is currently operated as a 142-bed student housing investment serving nearby Sonoma State University with the option to continue or transition to a traditional multifamily apartment complex. With no deed restrictions, investors benefit from maximum operational flexibility and the ability to capitalize on the area’s persistent demand for both conventional rental housing and student accommodations. Located just 1.1 miles from Sonoma State University and approximately 0.3 miles from the SMART Train station, the property offers residents unparalleled access to education, employment centers, transportation, dining, shopping, and entertainment. The community has benefited from numerous capital improvements, including updated kitchens, new electrical subpanels, solar panels, and recently completed parking lot striping and seal coating. Residents enjoy an extensive amenity package rarely found in comparable assets, including on-site laundry facilities, a dedicated leasing office, large owner storage rooms, a study lounge, fitness center, game room, theatre room, picnic area, volleyball lawn, and multiple private patios and balconies throughout the property. Ample off-street parking and well-manicured grounds further enhance tenant appeal. This offering presents a compelling value-add opportunity with significant rental upside through continued operational improvements, amenity enhancement, and strategic repositioning. Whether operated as a traditional multifamily investment or a purpose-driven student housing community, the property is exceptionally well positioned to benefit from the robust rental demand and long-term growth dynamics of the Sonoma County market.

Contact:

NorCal Commercial, Inc.

Property Subtype:

Apartment

Date on Market:

2026-06-08

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More details for 154 Park St, Orono, ME - Land for Sale

154 Park St

Orono, ME 04473

  • Student Housing
  • Land for Sale
  • $1,279,107 CAD
  • 4.58 AC Lot

Orono Land for Sale

$900,000 00 Park St Orono, ME 04773 Estimated payment $5,676/month Total Views 1,580 4.58 Acres $196,507 Price per Acre 199,505 Sq Ft Lot Highlights 4.58 Acre Lot No HOA Level Lot Orono Middle School Rated A- Landscaped About This Lot Fully positioned development site for 30 spacious 2-3BR units in a growing Maine submarket. Marketing description Positioned in the heart of Orono--one of Maine's most supply-constrained and consistently high-demand rental markets--this ±4.6-acre development site at 0 Park Street presents a rare opportunity to deliver new construction, townhouse-style student housing immediately adjacent to the University of Maine. Located just steps from The Local and approximately 0.5-0.8 miles (±2-4 minute drive / short bike ride) from University of Maine, the property offers an exceptional proximity advantage that is increasingly difficult to replicate. The University enrolls approximately 11,000 students and serves as the state's flagship research institution, driving consistent housing demand across all asset classes. The offering consists of a 4.58-acre level parcel with favorable positioning along Park Street, a primary corridor connecting downtown Orono to campus. The site benefits from existing infrastructure access and is ideally suited for a 30-unit, 2-3 bedroom townhouse-style apartment community, a product type that directly aligns with current renter preferences for larger, modern, off-campus living options. Proven Rental Market Fundamentals Orono consistently draws renters from both the student population and the broader Bangor region, functioning as a regional service and employment center with more jobs than resident workers--supporting long-term rental demand stability. Scalable Development with Seller Support The ±4.6-acre site provides the scale and flexibility to execute a cohesive townhome-style community, with the seller willing to support approvals--reducing entitlement risk and accelerating development timelines. NDA to review Engineering Documents.

Contact:

Coldwell Banker Realty

Property Subtype:

Commercial

Date on Market:

2026-06-05

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More details for 70 Market St, Oneonta, NY - Multifamily for Sale

Neahwa Park Apartments - 70 Market St

Oneonta, NY 13820

  • Student Housing
  • Multifamily for Sale
  • $3,979,444 CAD
  • 19,320 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Kitchen

Oneonta Multifamily for Sale - Otsego County

Neahwa Park Apartments at 70 Market Street offers a rare blend of history, stability, and optionality in the vibrant City of Oneonta. This well-located, fully compliant, 24-unit building generates strong cash flow, with a clear path to materially higher income. The property currently produces revenue of approximately $29,546 per month — expected to be roughly $354,552 annually. Whether your strategy is a long-term hold, a refinance, a student-housing or hybrid conversion, a blend of short term rental and long term, or eventual redevelopment, the fundamentals are already in place. Originally built as a freight warehouse for the Delaware & Hudson (D&H) Railroad, the iconic brick building was converted to residential use in the 1990s. The building includes 63-bedrooms, 19,160 square feet, set on 0.94 acres across two adjacent parcels (with room to add wing to the structure). Another adjacent mixed use property available for sale offers development options. The conservative long-term-rental pro forma still pencils to $224,735 of NOI and an 8.03% cap rate. Ownership refined this property over two decades, and the sale conveys an established operating platform: TurboTenant property-management software, assigned and guest parking behind a fenced perimeter, and a communal Speed Queen laundry. A new fire-alarm system with two outdoor pull stations report directly to dispatch (2025), a flat roof roughly three years old, a four-year-old concrete deck, new lower-level windows, and a multi-camera system. About 80% of in-unit appliances — hot-water tanks, ovens, refrigerators, and dishwashers — have been replaced within the last one to three years. Up to date Certificate of Substantial Compliance for all 24 units and an active City short-term-rental permit. Located in a designated Opportunity Zone (OZ 2.0). Walkable to SUNY Oneonta and Hartwick College, A.O. Fox Hospital, Main Street's shops and restaurants, the Foothills Performing Arts Center, and OPT bus lines — and it sits directly beside Neahwa Park and its ballfields, with quick access to Interstate 88. Short drive to Allstar Village baseball park for excellent short term rental options.

Contact:

The Holscher Group

Property Subtype:

Apartment

Date on Market:

2026-06-04

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More details for 99 Oak St, Binghamton, NY - Multifamily for Sale

Bl Chapin - 99 Oak St

Binghamton, NY 13905

  • Student Housing
  • Multifamily for Sale
  • $4,262,269 CAD
  • 23,654 SF
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More details for 601-605 W Orchard St, Macomb, IL - Multifamily for Sale

601-605 W Orchard St

Macomb, IL 61455

  • Student Housing
  • Multifamily for Sale
  • $639,553 CAD
  • 7,200 SF
  • Kitchen

Macomb Multifamily for Sale

This 10-unit multifamily investment opportunity is located just blocks from Western Illinois University in Macomb and currently serves a mix of both student and young professional tenants. With strong rental demand generated by WIU and surrounding employers, the property offers investors stable cash flow and long-term upside potential. The property consists of two adjacent buildings situated on two separate PINs totaling approximately 0.64 acres. The larger building was constructed in 2006 and contains approximately 7,200 square feet. The smaller building, reportedly constructed in 1940 according to Reonomy, contains approximately 2,384 square feet. The property is being offered at $450,000, equating to approximately $47 per square foot and representing a rare opportunity to acquire a multifamily asset at approximately a 10-cap in today’s market environment. The property consists of the following unit mix: • 7) Three Bedroom / One Bathroom Units • 1) Two Bedroom / One Bathroom Unit • 1) One Bedroom / One Bathroom Unit • 1) Studio Unit Current rental rates range from approximately $600 to $750 per month depending upon unit size and configuration. The property is currently approximately 90% occupied with ownership anticipating the property being fully occupied by August. Lease expiration dates are staggered, helping reduce turnover concentration and minimizing vacancy exposure. The property currently houses both students and young professionals, creating a diversified tenant base rather than relying solely upon student housing demand. Ownership currently pays water and garbage expenses while tenants are directly billed for electric and gas service. In addition to rental income, the property also includes a small laundromat generating approximately $2,600 annually in additional income. All laundromat equipment is owned by the seller and will transfer with the sale. There are approximately 20 parking spaces available between the two buildings in addition to available street parking nearby. Located just blocks from Western Illinois University, the property benefits from its proximity to campus, restaurants, shopping, and other amenities within the Macomb market.

Contact:

Mr. Landman

Property Subtype:

Apartment

Date on Market:

2026-06-02

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More details for 543 1/2 Arroyo Ave, Santa Barbara, CA - Multifamily for Sale

10-Bed Turnkey Student Housing Opportunity - 543 1/2 Arroyo Ave

Santa Barbara, CA 93109

  • Student Housing
  • Multifamily for Sale
  • $5,962,060 CAD
  • 4,217 SF
  • Air Conditioning
  • 24 Hour Access
  • Kitchen

Santa Barbara Multifamily for Sale - N Santa Barbara/Goleta

Welcome to Arroyo House — a fully remodeled, turn-key investment property on a massive lot in Santa Barbara’s highly sought-after Mesa community. Currently operating as premium student housing, Arroyo House serves students from SBCC, UCSB, and Westmont College. This exceptional property features 10 fully furnished rooms with 26 total beds, currently configured as (3) Doubles, (5) Triples, (1) Quad, and (1) Single. Each unit has been tastefully upgraded with high-end furniture and modern finishes, offering a comfortable and stylish living environment. Outdoor amenities include new landscaping, a volleyball court, and ample private parking — enhancing both tenant experience and long-term value. Additionally, the solar system is fully paid off, and a 400-amp commercial-grade electrical panel has been added. The property has seen approximately $60,000 in capital improvements since July 2025, including a brand-new sewage tank with high-capacity ejection pumps. This upgrade is expected to extend pump life from roughly 2 years to 8–10 years, eliminating what had historically been the property's most recurring maintenance burden. Whether you're looking for a cash-flowing asset or a unique student housing opportunity, Arroyo House checks all the boxes. This large single-family residence offers a high-occupancy dwelling ideal for use as a sober living home, recovery housing, transitional housing, supportive housing, group home, or other structured living environment, with flexibility for shared supportive residence, community-based housing, co-living property, shared housing, or room-by-room rental opportunities.

Contact:

Radius Commercial Real Estate

Property Subtype:

Apartment

Date on Market:

2026-06-01

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More details for 327 Main St, Binghamton, NY - Multifamily for Sale

327 Main St

Binghamton, NY 13905

  • Student Housing
  • Multifamily for Sale
  • $1,222,258 CAD
  • 10,480 SF
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More details for 86 Oak St, Binghamton, NY - Multifamily for Sale

86 Oak St

Binghamton, NY 13905

  • Student Housing
  • Multifamily for Sale
  • $746,146 CAD
  • 13,086 SF
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More details for 721 W 30th St, Los Angeles, CA - Multifamily for Sale

The Spot on 30th Street - 721 W 30th St

Los Angeles, CA 90007

  • Student Housing
  • Multifamily for Sale
  • $10,090,733 CAD
  • 12,928 SF
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More details for 31 Van Houten St, Paterson, NJ - Industrial for Sale

31 Van Houten St

Paterson, NJ 07505

  • Student Housing
  • Industrial for Sale
  • $10,176,007 CAD
  • 56,000 SF

Paterson Industrial for Sale - Passaic Urban Region

Unique opportunity to acquire a substantial mixed-use warehouse and commercial facility located in the highly desirable Great Falls section of Paterson! This expansive property offers approximately 56,000 square feet of above-grade space, and has an approximately 19,000-square-foot basement level, providing exceptional flexibility for industrial, warehouse, storage, distribution, office, and institutional use. Constructed with solid brick masonry. The warehouse area features impressive ceiling heights of approximately 35 feet, ideal for large-scale operations, logistics, and high-capacity storage. The building is primarily configured for warehouse use, while also incorporating assembly space, office areas, and dormitory-style accommodations. The warehouse level currently operates as a large-scale sorting and recycling facility and includes five loading bays and an adjacent access ramp. The basement level provides additional storage and maintenance space, along with retail functionality at the northern portion of the building. A freight elevator services both the warehouse and basement levels, allowing for efficient movement of materials throughout the facility. Strategically positioned within Paterson’s historic Great Falls district with convenient access to major highways, transportation routes, and surrounding commercial corridors, this property presents a rare opportunity for investors, owner-users, or industrial operations.

Contact:

KW Commercial Fort Lee

Property Subtype:

Warehouse

Date on Market:

2026-05-28

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More details for 408 Ann St, East Lansing, MI - Multifamily for Sale

408 Ann Street Studios - 408 Ann St

East Lansing, MI 48823

  • Student Housing
  • Multifamily for Sale
  • $1,847,599 CAD
  • 14,587 SF
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More details for 806 E 10th St, Tucson, AZ - Multifamily for Sale

806 E 10th st Tucson AZ 85719 - 806 E 10th St

Tucson, AZ 85719

  • Student Housing
  • Multifamily for Sale
  • $2,124,739 CAD
  • 4,062 SF
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More details for 63-14 Queens Blvd, Woodside, NY - Multifamily for Sale

63-14 Queens Blvd

Woodside, NY 11377

  • Student Housing
  • Office/Medical for Sale
  • $5,969,166 CAD
  • 7,923 SF
  • 1 Unit Available
  • Air Conditioning
  • Security System
  • Doorman
  • Fitness Center
  • Kitchen

Woodside Multifamily for Sale - Northwest Queens

Spacious corner medical / community facility opportunity at 63-14 Queens Boulevard in the heart of Woodside. This modern, elevator building has been fully built out and operated as a college dormitory, offering a turnkey layout that can seamlessly accommodate a wide range of community facility uses, including medical offices, educational institutions, wellness or treatment centers, and professional practices. Current in-place income and additional upside. New owner to reposition or re-lease on their own terms. The floor plan features efficiently sized suites that can be combined or demised, strong natural light, modern systems, and a configuration that supports both private offices and shared common areas. Ideally located along Queens Boulevard with excellent visibility and access, the property benefits from proximity to multiple subway lines, bus routes, and major highways, connecting quickly to Manhattan and the rest of Queens. The surrounding neighborhood includes dense residential blocks, retail corridors, schools, and medical facilities, creating a deep user base for community-focused operators. This offering is well suited for investors or end users seeking stable income today with clear value-add potential through lease-up of the vacant units, programmatic upgrades, or a full repositioning while leveraging the existing dormitory-style infrastructure.

Contact:

EXP Realty

Property Subtype:

Apartment

Date on Market:

2026-05-27

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More details for 6531 Del Playa Dr, Goleta, CA - Multifamily for Sale

6531 Del Playa Dr

Goleta, CA 93117

  • Student Housing
  • Multifamily for Sale
  • $6,466,596 CAD
  • 6,445 SF
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Goleta Multifamily for Sale - Santa Barbara Airport

6531 Del Playa Drive offers an investor generous cash-flow on the oceanfront of Isla Vista, in an A+ location nearly adjacent to the campus of the University of California at Santa Barbara, and benefiting from the more favorable blufftop geology in this part of Del Playa. Consider for a pure investor or for a UC Santa Barbara parent looking for a favorable cap rate for balance in a diversified real estate portfolio. With a captive student housing tenant pool willing to pay the very highest rents for the chance to enjoy the oceanfront lifestyle, and with voluntary student tenant turnover in Isla Vista, a new owner would have the ability to realize substantial returns into the future. The est. cap rate based on new 2026-2027 school year rents is ~6.64% (using a Buyer's new property taxes), with adjustment to market rents the following school year estimated to increase the cap rate above 7%. Four of the apartments face the ocean directly for top rents, the 5th unit faces the street and is smaller and rents for a little less per bed. Generous rooms sizes (see Floor Plan page) provide potential for additional income beyond the capturing of market rents in the next tenant cycle. A 6th unit studio shown in the marketing is a former storage area with permit status as a studio unknown, the space has been historically rented this way for decades. Further upside may be realized by recent expanded ADU legislation for multi-family properties, with a natural ADU location available in the covered parking area. Consult a land-use planner to verify ADU potential. A new roof was added in 2024. The property is located in a relatively favorable geological portion of Del Playa Drive, with a seawall protecting much of the width of the property, and with structural caissons installed in the 1990's. These capital improvements, soil conditions, blufftop condition and blufftop retreat rates are described in a 2025 geologic report, to allow a Buyer to confirm viability for the property's cash-flow into the future. View the unbranded Offering Memorandum under Documents for more information including unit floorplan layouts, site plan and financials.

Contact:

Berkshire Hathaway Commercial Division

Property Subtype:

Apartment

Date on Market:

2026-05-27

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More details for 1506 W 36th St, Los Angeles, CA - Multifamily for Sale

4 Large 1+1s (1 Vacant) + 3+2 SFR Near USC - 1506 W 36th St

Los Angeles, CA 90018

  • Student Housing
  • Multifamily for Sale
  • $1,391,384 CAD
  • 5,118 SF
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