$978,765
$20K PRICE DROP

271 Clay St E Monmouth, OR 97361

Estimated payment $5,676/month

Total Views 3,992
11 Beds
6 Baths
4,416 Sq Ft
$222 Price per Sq Ft

Highlights

  • Zoned Heating
  • Wood Siding
  • 3-minute walk to Main Street Park
  • Level Lot

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
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Membrane Roofing
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,416 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Schools

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

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 190264

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $11,445
  • Gross Income $80,400
  • Net Operating Income $68,955

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,597

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1963
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bedrooms: 11
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding,WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Membrane

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: RH
  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068.0
  • Parcel #: 190264

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5597.09

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 12.17
  • Annual Gross Income: 80400.0
  • Property Net Operating Income: 68955.0
  • Annual Operating Expense: 11445.0

Map

Range of Values:

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Average Value
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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 List to Sale Price per Sq Ft
10/01/2025 10/01/25 Price Changed $978,765 -0.5% $222 / Sq Ft
09/24/2025 09/24/25 Price Changed $983,765 -0.5% $223 / Sq Ft
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: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 399276179

Regional Multiple Listing Service (RMLS)
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 $978,765, approximately $221 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.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Nearby Homes
Dewey Whitton
Listing Agent
Dewey Whitton
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The Salem Real Estate Group
(971) 406-3444