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Listing provided courtesy of FIRST COMMERCIAL REAL ESTATE: 503-364-7400.

501 Warren S

Monmouth, OR 97361
  • $2,495,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 840281
$2,495,000
  • 0
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,696
    SQFT
  • $233
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2005
County:

School Ratings & Info

Listing provided courtesy of FIRST COMMERCIAL REAL ESTATE: 503-364-7400. Listing information © 2026 Willamette Valley Multiple Listing Service



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.

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Willamette Valley MLS logo © 2026 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2026-05-12T00:08:41.39.
www.suelongrealty.com/homes/175874578
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501 Warren S Monmouth, OR 97361

  • Price: $2,495,000
  • Status: Active
  • On Site: 13 Days
  • MLS #: 840281
0
Beds
0
Baths
0
½ Baths
0.62
Acres
10,696
SQFT
$233
$/SQFT
2005
Built
Neighborhood:
95 POLK COUNTY
County:
Polk
Area:
95 POLK COUNTY
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.
Exterior Features

Roof Composition

Property Features

Multifamily Type Multi- (5+) New Construction No Property Use Type InvestmentVacant/Owner-User Seller To Do1031 No Sewer City Water City Zoning RH

© 2026 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2026 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2026-05-12T00:08:41.39.
 
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Keller Williams Mid-Willamette
201 NW 3rd St
Corvallis OR, 97330
Listing provided courtesy of FIRST COMMERCIAL REAL ESTATE: 503-364-7400. Listing information © 2026 Willamette Valley Multiple Listing Service