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.
For sale
Listed by: First Commercial Real Estate • CONRAD VENTI • Contact: 503-559-2694
$2,495,000
501 Warren St S, Monmouth, OR 97361
--beds
--baths
10,696sqft
Multi Family
Built in 2005
-- sqft lot
$2,357,800 Zestimate®
$233/sqft
$-- HOA
What's special
- 76 days |
- 65 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
CONRAD VENTI Cell:503-559-2694,
First Commercial Real Estate
Source: WVMLS,MLS#: 840281
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Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 10,696
- Total interior livable area: 10,696 sqft
Property
Lot
- Size: 0.62 Acres
Details
- Zoning: RH
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Monmouth
Financial & listing details
- Price per square foot: $233/sqft
- Price range: $2.5M - $2.5M
- Date on market: 4/28/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
$2,357,800
$2.24M - $2.48M
$1,902/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Listed for sale | $2,495,000$233/sqft |
Source:  WVMLS #840281 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 97361
Nearby schools
GreatSchools rating
- 4/10Monmouth Elementary SchoolGrades: K-5Distance: 0.8 mi
- 4/10Talmadge Middle SchoolGrades: 6-8Distance: 1.4 mi
- 4/10Central High SchoolGrades: 9-12Distance: 1.3 mi
- $434,2004 bd2 ba1.5k sqft449 Warren St S, Monmouth, OR 97361Off Market
- $---- bd-- ba-- sqft545 Warren St S UNIT 14, Monmouth, OR 97361Off Market
- $5,6402 bd1 ba784 sqft545 Warren St S UNIT 9, Monmouth, OR 97361Off Market
- $746,010-- bd-- ba10 sqft545 Warren St S UNIT 3, Monmouth, OR 97361Off Market
- $80,0002 bd1 ba750 sqft545 Warren St S, Monmouth, OR 97361Sold
- $925,000-- bd7 ba4.8k sqft427-441 S Warren St, Monmouth, OR 97361For Sale
- $55,0002 bd1 ba798 sqft545 Warren St S UNIT 7, Monmouth, OR 97361Sold
- $4,1102 bd1 ba700 sqft545 Warren St S UNIT 15, Monmouth, OR 97361Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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- Oregon
- Polk County
- Monmouth
- 97361
- 501 Warren St S
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