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422 Warren St S
Monmouth, OR 97361
Warren Street Student Housing · Multifamily Property For Sale
·
9 Units
Investment Highlights
- Priced at $255,000/unit
- Each unit has washer & dryer
- Strong rental history
Executive Summary
The property at 422-438 Warren St S is a 9-unit student housing portfolio located in Monmouth, Oregon. Built in 2004, the asset consists of two four-plex buildings (eight 3-bedroom, 3-bathroom units at 1,295 SF each) and one detached single-family home (2BR/3BA with garage, 1,075 SF), totaling 11,527 SF on 0.45 acres. The 3-bedroom, 3-bathroom configuration is a high-value rarity in the Monmouth/Independence market, commanding a 10–15% premium over standard 2-bathroom units due to their appeal to
university roommate groups. The asset is in excellent condition and represents a significant upgrade over the aging market-base inventory in the submarket. 2025 Actual NOI: $90,883 | Proforma NOI: $125,029 | Gross Income: $155,400.
university roommate groups. The asset is in excellent condition and represents a significant upgrade over the aging market-base inventory in the submarket. 2025 Actual NOI: $90,883 | Proforma NOI: $125,029 | Gross Income: $155,400.
Property Facts
| Price Per Unit | $346,673 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 3.96% | Building Size | 11,527 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2004 |
| Apartment Style | Townhome | Parking Ratio | 1.91/1,000 SF |
| Zoning | RH | ||
| Price Per Unit | $346,673 CAD |
| Sale Type | Investment |
| Cap Rate | 3.96% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.45 AC |
| Building Size | 11,527 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2004 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | RH |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 8 | $1,971 CAD | 1,295 |
| 2+3 | 1 | $2,039 CAD | 1,075 |
Property Taxes
| Parcel Number | 195959 | Improvements Assessment | $964,759 CAD |
| Land Assessment | $69,181 CAD | Total Assessment | $1,033,940 CAD |
Property Taxes
Parcel Number
195959
Land Assessment
$69,181 CAD
Improvements Assessment
$964,759 CAD
Total Assessment
$1,033,940 CAD
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