Listing Courtesy of:
FIRST COMMERCIAL REAL ESTATE
Agency Contact: Cell: 503-559-2694
BEDS0
BATHS
SQUARE FEET4,850
MLS#840278
STATUS
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.39 Acres
Roof Type: Composition
Year Built: 2005
Units
Unit 1:
Bathroom(s): 2
Bedrooms: 3
Unit 2:
Bathroom(s): 2
Bedrooms: 3
Unit 3:
Bathroom(s): 2
Bedrooms: 3
Unit 4:
Bathroom(s): 1
Bedrooms: 2
Feature Descriptions
Days on Site: 34
Lot Dimensions: 0.39 Acre(s)
Price Per Square Foot: 190.72
Property Use: Investment, Vacant/Owner-User
Sewer: City
Units: 4
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
$ 2,328.44 per month $2,058.65 Principal & Interest $0.00 Property Tax (data not provided by mls) $269.79 Homeowner's Insurance