Listed by First Commercial Real Estate Services
$2,495,000
501-529 Warren St S
Details
APN 192648; 08430-CB-01600
Property Type Multifamily
Sub Type Student Housing
Square Footage 10,696
Units 9
Cap Rate 4.39%
NOI $109,639
Occupancy 100%
Pro-Forma Cap Rate 5.94%
Pro-Forma NOI $148,173
Price per SqFt $219
Year Built 2005
Buildings 3
Acreage 0.620
Zoning RH
Investment Type Stabilized
501-529 Warren St S, Monmouth, OR 97361
Marketing description
The Warren Street Townhouses is a 9-unit student housing portfolio located in Monmouth, Oregon. Built in 2005, the asset consists of two residential buildings housing 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.
Investment highlights
- Priced at $277,222/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
$109,639.00
$9,136.58/mo
Valuation Metrics
0
DSCR
4.39%
Cap Rate
4.39%
ROI
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