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427 Warren St S
Monmouth, OR 97361
4-Unit Multi-Family Housing on Warren Street · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Priced at $231,250/unit
- Each unit has washer & dryer
- Strong rental history
Executive Summary
The property at 427-441 Warren St S is a 4-unit student housing portfolio located in Monmouth, Oregon. The asset is comprised of a modern townhouse-style triplex featuring three 3-bedroom, 2-bathroom units (1,299 SF each, built 1998) and a detached single-family home with 2 bedrooms and 1 bathroom (953 SF, originally built in 1941), totaling 5,450 SF on 0.39 acres. The site includes a detached 600 SF garage offering immediate income upside as a separate storage lease. This property serves as a high-demand ‘middle housing’ asset catering to both the university student population and local family households. 2025 Adjusted NOI: $40,979 | Proforma NOI: $47,931 | Gross Income: $71,040.
Property Facts
| Price Per Unit | $314,384 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 4.43% | Building Size | 4,850 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2005 |
| Apartment Style | Townhome | Parking Ratio | 1.44/1,000 SF |
| Zoning | RM | ||
| Price Per Unit | $314,384 CAD |
| Sale Type | Investment |
| Cap Rate | 4.43% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 4,850 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | RM |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $2,019 CAD | 1,299 |
| 2+1 | 1 | $1,767 CAD | 953 |
Property Taxes
| Parcel Number | 192622 | Improvements Assessment | $613,748 CAD |
| Land Assessment | $129,146 CAD | Total Assessment | $742,894 CAD |
Property Taxes
Parcel Number
192622
Land Assessment
$129,146 CAD
Improvements Assessment
$613,748 CAD
Total Assessment
$742,894 CAD
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