Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    297 Main St W Monmouth, OR 97361

    For Sale
    $899,990

    4-Plex - Monmouth, OR

    Property size:
    3,280 SF
    Lot size:
    0.21 Acres
    Days on Market:
    46
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 297 Main St W

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room
    Bedrooms
    8
    Bathrooms
    4
    APN
    194882
    Interior features
    High Speed Internet
    Exterior features
    Partially Fenced Yard, Landscaping, Area/Room for RV/Camper
    Fencing
    Fenced, Partial
    Appliances
    Dishwasher, Garbage Disposer, Range, Washer
    Size
    3,280 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Zoned (Heating)
    Cooling system
    Zoned

    Building Details

    Year built
    1971
    Number of units
    4
    Flooring type
    Carpet, Laminate, Other, Vinyl
    Roof type
    Composition, Shingle
    Architectural style
    Other

    EXP REALTY LLC (888) 814-9613 [email protected]

    Listing agent CHAD HARRINGTON (888) 814-9613

    Listing date Oct 30, 2025

    MLS# 826630 Listing URL

    Copyright © 2025 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Monmouth, OR 4-Plex Investment

    This investment 4-plex is located in Monmouth, Oregon, in the heart of the Willamette Valley. Situated two blocks from Western Oregon University (WOU) campus and one block from downtown, the property offers a convenient location. The property has a history of consistent rental income. Laundry facilities are located within the building and are accessible to tenants. The property includes upstairs balconies, lower patios, and greenspace. A 7-spot parking lot is available, with additional streetside parking. The grounds are designed for easy maintenance. Three of the four units have been completely remodeled. The property size is 3,280 square feet, situated on a 0.21-acre lot.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monmouth
    County
    Polk
    State
    Oregon
    Longitude
    -123.238583
    Latitude
    44.848323

    Nearby Similar for Sale

    • $951,000
      157.94 Acres

      158 Acres of Diverse Land

      158 acres in Monmouth, Oregon, featuring timber and pasture.
      Next To Airlie Rd, Monmouth, OR 97361
      View Details
    • Contact for pricing

      Redevelopment Opportunity in Monmouth, Oregon

      Prime retail space ideal for redevelopment or owner-user.
      523 Main St E, Monmouth, OR 97361
      View Details
    • $499,000
      1,425 SF

      Country Property with Large Shop

      Residential property with potential and a 30 x 60 shop.
      14609 Forest Hill Dr, Monmouth, OR 97361
      View Details

    FAQs

    What type of property is this?
    Quadplex - Investment 4-plex near WOU campus with strong rental history.
    Where is this quadplex located?
    The property is located at 297 Main St W Monmouth, OR.
    What is the asking price?
    The asking price for this property is $899,990.
    What are key features of this property?
    This property features: - Excellent Investment Opportunity: 4-plex with strong rental history.; - Prime Location: Close to Western Oregon University (WOU) and downtown Monmouth.; - HUD Capable: Two units already approved for HUD, providing guaranteed income.
    (888) 814-9613
    Request Owner's contact information
    297 Main St W Monmouth, OR 97361
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    297 Main St W
    Monmouth, OR 97361
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    297 Main St W Monmouth, OR 97361
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.