422-438 Warren St S, Monmouth, OR 97383 | MLS #840268 | Cascade Hasson Sotheby’s International Realty

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Listing provided courtesy of FIRST COMMERCIAL REAL ESTATEMLS# 840268MLS ProviderContact Information: Cell: 503-559-2694
  • 63 days on site
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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.

Source: Willamette Valley MLS, MLS#: 840268

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  • Property Type
    Residential Income
  • Lot
    0.45 acres

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  • Median Age
    40
  • Population Density
    228
  • College Educated
    23%
  • Estimated Median Income
    $63,610
  • Estimated Total Home Owners
    2,284
  • Estimated Total Renters
    1,575
  • Owner / Renter Divide
    59% / 41%
  • Estimated Average Household Size
    3
  • Total Population
    10,185
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
4/27/2026Source: Willamette Valley MLS Added to Database
April 27, 2026