Damonian Pike

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Listing provided courtesy of FIRST COMMERCIAL REAL ESTATE- MLS# 840268MLS ProviderContact Information: Cell: 503-559-2694

422-438 Warren St SMonmouth, OR 97383

Multi-Family · 11,527 Sq. ft. | 0.45 Acres
$2,295,000 ACTIVE

422-438 Warren St S Overview

Time on Site:
63 days
Visits:
0

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.

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422-438 Warren St S Facts & Features

  • Type Multi-Family
  • Sq. ft. 11,527
  • Price/Sq.ft. $199
  • Lot 0.45 Acres

Details

General

Building Information

  • Year Built: 2004

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: 11527

Exterior

Lot Information

  • Lot Size Acres: 0.45
  • Water Source: City

General Information

  • Sewer: City

422-438 Warren St S Neighborhood

Community

97383 (Monmouth) Demographics

40
Median Age
228
Population Density (per sq. mile)
23%
College Educated
$63,610
Estimated Median Income
2,284
Estimated Total Home Owners
1,575
Estimated Total Renters
59% / 41%
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.
* 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.

422-438 Warren St S Market Data

Based on the last 30 days in this zip code

$553,129
Average List Price
$275
Average Price per Square Foot
14
Properties Sold
103
Average Days on Market
57
Properties for Sale
Calculations provided by Reliance Network

422-438 Warren St S History

Date Event Value Agent
4/27/2026Source: Willamette Valley MLS Added to Database
April 27, 2026