Listed by First Commercial Real Estate Services
$1,575,000
Ecols Street Townhouses
Details
APN 444998; 08430-BB-02901
Property Type Multifamily
Sub Type Student Housing
Square Footage 6,920
Units 5
Cap Rate 4.52%
NOI $71,163
Occupancy 100%
Pro-Forma Cap Rate 5.51%
Pro-Forma NOI $86,704
Price per SqFt $229
Year Built 2005
Buildings 1
Acreage 0.330
Zoning RH
Investment Type Stabilized
371 Ecols St N, Monmouth, OR 97361
Marketing description
The Ecols Street Townhouses is a 5-unit student housing property located in Monmouth, Oregon. Built in 2003, the asset is composed of five large-format 4- bedroom, 3-bathroom units — a rare configuration that caters heavily to the Western Oregon University student market and local professional families. The property is 100% occupied and is situated on 0.33 acres with situs addresses at 371 Ecols St N, Units A through E. Current operations show consistent performance, while market-rate transitions offer immediate yield upside. 2025 Actual NOI: $71,163 | Proforma NOI: $86,704 | Gross Income: $107,280.
Investment highlights
- Priced at $315,000/unit
- Strong rental history
- Each unit has washer & dryer
Listing Contacts
Listed by First Commercial Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,163.00
$5,930.25/mo
Valuation Metrics
0
DSCR
4.52%
Cap Rate
4.52%
ROI
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Property History
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