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427-441 S Warren St, Monmouth, OR, 97361

--beds
7baths
4,850sqft
$925,000
$191price/sqft
$5,989/moest. monthly cost
$239,560/yrincome needed

About This Home

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.

Getting Around

59
WalkingSomewhat Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

4/10
4/10
Talmadge Middle SchoolGrades 6-81.4 mi
4/10
Central High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 2005

Materials

  • Roof: Composition

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bathrooms: 7

Interior Area

  • Total structure area: 4,850
  • Total interior livable area: 4,850 sqft

Property

Details

  • Zoning: RM

Lot

  • Lot size: 0.39 Acres