Listing Courtesy of:
FIRST COMMERCIAL REAL ESTATE
Agency Contact: Cell: 503-559-2694
BEDS0
BATHS
SQUARE FEET11,527
MLS#840268
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
The property at 422-438 Warren St S is a 9-unit student housing portfoliolocated in Monmouth, Oregon. Built in 2004, the asset consists of twofour-plex buildings (eight 3-bedroom, 3-bathroom units at 1,295 SF each)and one detached single-family home (2BR/3BA with garage, 1,075 SF),totaling 11,527 SF on 0.45 acres. The 3-bedroom, 3-bathroom configuration is a high-value rarity in the Monmouth/Independence market, commanding a 10-15% premium over standard 2-bathroom units due to their appeal to university roommate groups. The asset is in excellent condition and represents a significant upgrade over the aging market-base inventory in the submarket. 2025 Actual NOI: $90,883 | Proforma NOI: $125,029 | Gross Income: $155,400.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.45 Acres
Roof Type: Composition
Year Built: 2004
Feature Descriptions
Days on Site: 34
Lot Dimensions: 0.45 Acre(s)
Price Per Square Foot: 199.1
Property Use: Investment, Vacant/Owner-User
Sewer: City
Units: 9
Water: City
Listed By / Shown By
Listed By
Agency Name: FIRST COMMERCIAL REAL ESTATE
Agency Contact: Cell: 503-559-2694
Shown By
Agency Title: Coldwell Banker Valley Brokers
Albany: 541.928.6317
Corvallis: 541.757.0222
Estimate Your Payment
Estimated Payment
$ 5,777.05 per month $5,107.68 Principal & Interest $0.00 Property Tax (data not provided by mls) $669.38 Homeowner's Insurance