422-438 Warren St S

NUMBER OF BUILDINGS 3

• Priced at $255,000/unit • Strong rental history • Each unit has washer & dryer

The property at 422-438 Warren St S is a 9-unit student housing portfolio

located in Monmouth, Oregon. Built in 2004, the asset consists of two

four-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.