$2,495,000

501 Warren St S Monmouth, OR 97361

Estimated payment $15,632/month

-- Bed
-- Bath
10,696 Sq Ft
$233 Price per Sq Ft

About This Home

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.

Listing Agent

Conrad Venti

FIRST COMMERCIAL REAL ESTATE License #201252758 Listed on: 04/24/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2005

Lot Details

  • 27,007 Sq Ft Lot

Home Design

  • 10,696 Sq Ft Home
  • Composition Roof

Community Details

  • 9 Units
  • Warren St Townhouses; 501 Community

Property Details

Home Type

Multi-Family

Year Built

Built in 2005

Lot Details

0.62 Acres

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: 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.
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roof: Composition

Utilities

  • Water: City
  • Sewer: City

Lot Info

  • Acres: 0.62
  • Zoning: RH
  • Property Name: Warren St Townhouses; 501
  • Property Use Type: Investment, Vacant/Owner-User
  • Geo Subdivision: OR

Multi Family

  • Number Of Units: 9

Map

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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
04/24/2026 04/24/26 For Sale $2,495,000 -- $233 / Sq Ft
Source: Willamette Valley MLS

Source: Willamette Valley MLS

MLS Number: 840281

Willamette Valley MLS
Oregon Polk County Monmouth 97361

501 Warren St S, Monmouth, OR

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. Copyright 2026 Williamette Valley Multiple Listing Service.
WVMLS Member Broker: Arlene Richardson.

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Conrad Venti
Listing Agent
Conrad Venti
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FIRST COMMERCIAL REAL ESTATE
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