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Listed by CONRAD VENTI • FIRST COMMERCIAL REAL ESTATE • Cell: 503-559-2694
$925,000
Est. payment /mo
4,850 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi- (5+)
Listing Status Active
Purchase Type For Sale
Square Footage 4,850 sqft
Price per Sqft $190
MLS Listing ID 840278
Year Built 2005
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Multi- (5+)
Property Description
The property at 427-441 Warren St S is a 4-unit student housing portfolio locatedin Monmouth, Oregon. The asset is comprised of a modern townhouse-style triplexfeaturing three 3-bedroom, 2-bathroom units (1,299 SF each, built 1998) and adetached single-family home with 2 bedrooms and 1 bathroom (953 SF, originallybuilt in 1941), totaling 5,450 SF on 0.39 acres. The site includes a detached 600 SFgarage 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.
Location
State OR
County Polk
Area 95 Polk County
Exterior
Roof Type Composition
Building
Sewer City
Water City
New Construction No
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