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Listed by CONRAD VENTI • FIRST COMMERCIAL REAL ESTATE • Cell: 503-559-2694
$2,495,000
Est. payment /mo
10,696 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi- (5+)
Listing Status Active
Purchase Type For Sale
Square Footage 10,696 sqft
Price per Sqft $233
MLS Listing ID 840281
Year Built 2005
Lot Size 0.620 Acres
Acres 0.62
Property Sub-Type Multi- (5+)
Property Description
The Warren Street Townhouses is a 9-unit student housing portfolio located inMonmouth, Oregon. Built in 2005, the asset consists of two residential buildingshousing 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.
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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