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.
For sale
Listed by: First Commercial Real Estate • CONRAD VENTI • Contact: 503-559-2694
$2,295,000
422-438 S Warren St, Monmouth, OR 97361
--beds
--baths
11,527sqft
Multi Family
Built in 2004
-- sqft lot
$2,182,500 Zestimate®
$199/sqft
$-- HOA
What's special
Two four-plex buildingsDetached single-family home
- 78 days |
- 49 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
CONRAD VENTI Cell:503-559-2694,
First Commercial Real Estate,
CONRAD VENTI,
First Commercial Real Estate
Source: WVMLS,MLS#: 840268
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Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 11,527
- Total interior livable area: 11,527 sqft
Property
Lot
- Size: 0.45 Acres
Details
- Zoning: RH
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Monmouth
Financial & listing details
- Price per square foot: $199/sqft
- Price range: $2.3M - $2.3M
- Date on market: 4/28/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
$2,182,500
$2.07M - $2.29M
$1,906/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Listed for sale | $2,295,000$199/sqft |
Source:  WVMLS #840268 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 97361
Nearby schools
GreatSchools rating
- 4/10Monmouth Elementary SchoolGrades: K-5Distance: 0.7 mi
- 4/10Talmadge Middle SchoolGrades: 6-8Distance: 1.4 mi
- 4/10Central High SchoolGrades: 9-12Distance: 1.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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