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.

Property Features