Listed by First Commercial Real Estate Services
$925,000
427-441 Warren St S
Details
APN 192622; 08430-CB-01400
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 4,850
Units 4
Beds 3
Cap Rate 4.43%
NOI $40,979
Pro-Forma Cap Rate 5.18%
Pro-Forma NOI $47,931
Price per SqFt $170
Year Built 2005
Buildings 2
Acreage 0.390
Zoning RM
Investment Type Stabilized
427-441 Warren St S, Monmouth, OR 97361
Marketing description
The property at 427-441 Warren St S is a 4-unit student housing portfolio located in Monmouth, Oregon. The asset is comprised of a modern townhouse-style triplex featuring three 3-bedroom, 2-bathroom units (1,299 SF each, built 1998) and a detached single-family home with 2 bedrooms and 1 bathroom (953 SF, originally built in 1941), totaling 5,450 SF on 0.39 acres. The site includes a detached 600 SF garage 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.
Investment highlights
- Priced at $231,250/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
$40,979.00
$3,414.92/mo
Valuation Metrics
0
DSCR
4.43%
Cap Rate
4.43%
ROI
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