$988,765
$10K PRICE DROP

271 Clay St E Monmouth, OR 97361

Estimated payment $5,688/month

Total Views 3,233
11 Beds
6 Baths
4,416 Sq Ft
$224 Price per Sq Ft

Highlights

  • Covered Patio or Porch
  • High Speed Internet
  • Wood Siding
  • Zoned Heating
  • Dining Area
  • 3-minute walk to Main Street Park

About This Home

Exciting investment opportunity! Updated 6-plex in the heart of Monmouth, less than a mile from WOU. Originally designed w/ 5 units, but its value has recently enhanced with addition of a 6th unit, completed in 3/2023. 5 units feature 2 beds/1 bath. 6th unit, with modern finishes offers 1 bed/1 bath. Professionally managed since 2022, this complex is maintained & overseen with great care. NEW ROOF!

Listing Agent

Dewey Whitton

THE SALEM REAL ESTATE GROUP License #890200088 Listed on: 08/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,597

Year Built

  • Built in 1963

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 73x180

Home Design

  • Wood Siding
  • T111 Siding

Interior Spaces

  • 4,416 Sq Ft Home
  • Dining Area

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Monmouth Elementary School
  • Talmadge Middle School
  • Central High School

Utilities

  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Tenant Owned Personal Property

Community Details

Overview

  • 6 Units
  • Clay Street Apartments Community

Building Details

  • Trash Expense $1,837
  • Water Sewer Expense $2,374

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,597

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Exciting investment opportunity! Updated 6-plex in the heart of Monmouth, less than a mile from WOU. Originally designed w/ 5 units, but its value has recently enhanced with addition of a 6th unit, completed in 3/2023. 5 units feature 2 beds/1 bath. 6th unit, with modern finishes offers 1 bed/1 bath. Professionally managed since 2022, this complex is maintained & overseen with great care. NEW ROOF!
  • Cross Street: Broad St
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Exclusions: Tenant Owned Personal Property
  • Refrigerator: Refrigerator Included
  • Flooring: Laminate, Vinyl
  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Dining Room: Area (Combination)
  • Price Per Sq Ft: 223.91
  • Price Per Sq Ft: 223.91

Exterior Features

  • Patio: Covered Patio
  • Exterior Color: Tan/Brown
  • Foundation: Continuous
  • Siding: Wood
  • Siding Style: T111

Utilities

  • Heating: Electric, Zonal
  • High Speed Comm Access: Available
  • Water: Connected, City
  • Water Heater: Electric
  • Garbage: 1837
  • Sewer: City
  • Water/Sewer: 2374

Schools

  • Elementary School: Monmouth
  • Middle School: Talmadge
  • High School: Central

Lot Info

  • Acres: 0.3
  • Estimated Lot Dimensions: 73x180
  • Estimated Lot Sq Ft: 13068
  • Lot Type: Dimension Above
  • Price Per Acre: 3295883.33
  • Zoning: RH
  • Property Name: Clay Street Apartments
  • Property Use Type: Investment
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 24/25
  • Tax Account Number: 190264
  • Tax Amount: 5597

Multi Family

  • Number Of Units: 6

MLS Schools

  • HighSchool: Central
  • Middle School: Talmadge
  • Elementary School: Monmouth

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2025 09/17/25 Price Changed $988,765 -0.5% $224 / Sq Ft
09/11/2025 09/11/25 Price Changed $993,765 -0.5% $225 / Sq Ft
08/06/2025 08/06/25 For Sale $998,765 -- $226 / Sq Ft
Source: Willamette Valley MLS

Source: Willamette Valley MLS

MLS Number: 832329

Willamette Valley MLS
Oregon Polk County Monmouth 97361

271 Clay St E, Monmouth, OR

This home is located at 271 Clay St E, Monmouth, OR 97361 and is currently priced at $988,765, approximately $223 per square foot. This property was built in 1963. 271 Clay St E is a home located in Polk County with nearby schools including Monmouth Elementary School, Talmadge Middle School, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS 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. WVMLS Member Broker: Arlene Richardson

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Dewey Whitton
Listing Agent
Dewey Whitton
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THE SALEM REAL ESTATE GROUP
(971) 406-3444