The property at 427-441 Warren St S is a 4-unit student housing portfolio located in Monmouth, Oregon. The asset is comprised of a modern townhouse-style triplex featuring three 3-bedroom, 2-bathroom units (1,299 SF each, built 1998) and a detached single-family home with 2 bedrooms and 1 bathroom (953 SF, originally built in 1941), totaling 5,450 SF on 0.39 acres. The site includes a detached 600 SF garage offering immediate income upside as a separate storage lease. This property serves as a high-demand ‘middle housing’ asset catering to both the university student population and local family households. 2025 Adjusted NOI: $40,979 | Proforma NOI: $47,931 | Gross Income: $71,040.
