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Listing provided courtesy of FIRST COMMERCIAL REAL ESTATE- MLS# 840281MLS ProviderContact Information: Cell: 503-559-2694

501 Warren St SMonmouth, OR 97361

Multi-Family · 10,696 Sq. ft. | 0.62 Acres
$2,495,000 ACTIVE

501 Warren St S Overview

Time on Site:
63 days
Visits:
0

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.

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501 Warren St S Facts & Features

  • Type Multi-Family
  • Sq. ft. 10,696
  • Price/Sq.ft. $233
  • Lot 0.62 Acres

Details

General

Building Information

  • Year Built: 2005

Location/Region

  • County Or Parish: Polk
  • MLS Area Major: 95 POLK COUNTY

General Information

  • Property Sub Type: Multi- (5+)
  • Property Type: Multi Family

Interior

General Information

  • Living Area: 10696

Exterior

Lot Information

  • Lot Size Acres: 0.62
  • Water Source: City

General Information

  • Sewer: City

501 Warren St S Neighborhood

Community

97361 (Monmouth) Demographics

28
Median Age
90
Population Density (per sq. mile)
51%
College Educated
$56,058
Estimated Median Income
2,035
Estimated Total Home Owners
1,950
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

501 Warren St S Monthly Cost

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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.

501 Warren St S Market Data

Based on the last 30 days in this zip code

$597,129
Average List Price
$319
Average Price per Square Foot
11
Properties Sold
97
Average Days on Market
64
Properties for Sale
Calculations provided by Reliance Network

501 Warren St S History

Date Event Value Agent
4/28/2026Source: Willamette Valley MLS Added to Database
April 28, 2026