Log In/Sign Up
Your email has been sent.
501 S Warren St
Monmouth, OR 97361
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Priced at $277,222/unit
- Each unit has washer & dryer
- Strong rental history
Executive Summary
The Warren Street Townhouses is a 9-unit student housing portfolio located in Monmouth, Oregon. Built in 2005, the asset consists of two residential buildings housing eight large-format 4-bedroom, 3-bathroom townhouses (1,361 SF each) and one 1-bedroom, 1-bathroom ADA-accessible apartment unit (525 SF). The property is 100% occupied and is situated on 0.62 acres in close proximity to Western Oregon University. The 1BR unit is currently utilized as an owner’s office and can be returned to the rent roll immediately without conversion costs, providing an immediate increase to the property’s Net Operating Income. 2025 Actual NOI: $109,639 | Proforma NOI: $148,173 | Gross Income: $171,360.
Property Facts
| Price Per Unit | $376,884 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 4.39% | Building Size | 10,696 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | Parking Ratio | 2.45/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | RH | ||
| Price Per Unit | $376,884 CAD |
| Sale Type | Investment |
| Cap Rate | 4.39% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 10,696 SF |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 2.45/1,000 SF |
| Zoning | RH |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 8 | $2,379 CAD | 1,361 |
| 1+1 | 1 | $1,631 CAD | 525 |
Property Taxes
| Parcel Number | 192648 | Improvements Assessment | $1,057,000 CAD |
| Land Assessment | $201,965 CAD | Total Assessment | $1,258,965 CAD |
Property Taxes
Parcel Number
192648
Land Assessment
$201,965 CAD
Improvements Assessment
$1,057,000 CAD
Total Assessment
$1,258,965 CAD
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
