422-438 Warren St S, Monmouth, OR 97383

Monmouth
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
Listed by: conrad venti, conrad ventiCell: 503-559-2694
Office: first commercial real estate503-364-7400
MLS#:840268
Source:OR_WVMLS
422-438 Warren St S,Monmouth, OR 97383
$2,295,000
  • - Beds
  • - Baths
  • 11,527 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,295,000
  • Price per sq. ft.:$199.1

About this home

The property at 422-438 Warren St S is a 9-unit student housing portfoliolocated in Monmouth, Oregon. Built in 2004, the asset consists of twofour-plex buildings (eight 3-bedroom, 3-bathroom units at 1,295 SF each)and one detached single-family home (2BR/3BA with garage, 1,075 SF),totaling 11,527 SF on 0.45 acres. The 3-bedroom, 3-bathroom configuration is a high-value rarity in the Monmouth/Independence market, commanding a 10–15% premium over standard 2-bathroom units due to their appeal to university roommate groups. The asset is in excellent condition and represents a significant upgrade over the aging market-base inventory in the submarket. 2025 Actual NOI: $90,883 | Proforma NOI: $125,029 | Gross Income: $155,400.

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Home facts

  • Year built:2004
  • Listing ID #:840268
  • Added:57 day(s) ago
  • Updated:June 24, 2026 at 03:29 PM

Rooms and interior

  • Living area:11,527 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:2004
  • Building area:11,527 sq. ft.
  • Lot area:0.45 Acres
  • Exterior Features:Underground Sprinklers

Utilities

  • Water:City

Finances and disclosures

  • Price:$2,295,000
  • Price per sq. ft.:$199.1
MLS LogoBased 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. OR_WVMLS Member Broker: Ron Blacquiere

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