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Listed by CONRAD VENTI • FIRST COMMERCIAL REAL ESTATE • Cell: 503-559-2694
$ 1,575,000
Est. payment /mo
Active
371 Ecols St S S Monmouth, OR 97383
6,920 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi- (5+)
Listing Status Active
Purchase Type For Sale
Square Footage 6,920 sqft
Price per Sqft $227
MLS Listing ID 840275
Year Built 2005
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Multi- (5+)
Property Description
The Ecols Street Townhouses is a 5-unit student housing property located inMonmouth, Oregon. Built in 2003, the asset is composed of five large-format 4-bedroom, 3-bathroom units — a rare configuration that caters heavily to the Western Oregon University student market and local professional families. The property is 100% occupied and is situated on 0.33 acres with situs addresses at 371 Ecols St N, Units A through E. Current operations show consistent performance, while market-rate transitions offer immediate yield upside. 2025 Actual NOI: $71,163 | Proforma NOI: $86,704 | Gross Income: $107,280.
Location
State OR
County Polk
Area 95 Polk County
Exterior
Roof Type Composition
Building
Sewer City
Water City
New Construction No
Nearby Locations
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3240 Commercial Street SE, Suite 100, Salem, Oregon, 97302, USA