427-441 Warren St S, Monmouth, OR 97361

Listing Courtesy of FIRST COMMERCIAL REAL ESTATE. Cell: 503-559-2694

$925,000
4,850
SqFt
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List Price
$925,000
MLS#
840278
Status
ACTIVE
City
Monmouth
Area
95 Polk County
County
Polk
Living Area
4,850
Year Built
2005
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541-791-7946

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.

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Additional Information

Acres
0.39
Water
Public
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.