For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Four-Plex Residential Income Property Title is generated by Realmo AI

    297 Main St W, Monmouth, OR 97361

    View on Map
    Claim this Listing
    For Sale
    $899,990

    MULTI_FAMILY - Monmouth, OR

    Property size:
    3,280 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $274/SF
    Added:
    Mar 18, 2025
    Days on Market:
    476
    Last Refresh:
    Jul 6 at 2:06 pm

    Property Features for 297 Main St W

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2
    Patio and Porch features
    Patio, Deck
    Standard status
    Active
    APN
    194882
    Size
    3,280 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5120

    Utilities

    Heating system
    Zoned, Baseboard, Electric (Heating)

    Building Details

    Year built
    1971
    Number of units
    4
    Flooring type
    Laminate, Carpet, Other (refer to remarks), Vinyl
    Roof type
    Shingle, Composition

    We can help!

    Contact an agent
    CHAD HARRINGTON

    Listing agent CHAD HARRINGTON License #201225668

    Listing office EXP REALTY, LLC 4800 MEADOWS RD, STE 300, Lake Oswego, OR

    Listing date Mar 18, 2025

    MLS# 826630 Listing URL

    Copyright © 2026 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.

    HighLights

    • 4‑plex built in 1971 with shingle/composition roof
    • Location: 2 blocks from WOU campus and 1 block from downtown Monmouth
    • HUD capable: 2 of 4 units currently HUD with scheduled increases
    • Updated in‑house laundry facilities with tenant access
    • Remodels: 3 of 4 units completely remodeled; includes upstairs balconies and lower patios
    • Parking and grounds: 7‑spot parking lot plus easy‑care grounds/greenspace

    Overview

    This four-plex residential income property includes updated, in-house laundry facilities for tenant access, along with outdoor living areas such as upstairs balconies and lower patios. The building also features greenspace and a 7-spot parking lot with streetside access. Per the seller’s remarks, roof replacement is scheduled at closing. Three of the four units have been completely remodeled.

    Located in Monmouth, Oregon, the property is described as being in close proximity to Western Oregon University and downtown, with the WOU campus stated as two blocks away and downtown stated as one block away.

    The mix of units supports a range of tenant programs, as the property is described as HUD capable with two units currently operating under HUD, and scheduled increases noted in the remarks. With its remediated units, tenant-access laundry, and established parking and grounds, the building is well-suited for an investor or operator seeking a managed, multi-unit setup in a walkable, campus-and-downtown area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Skin Care Clinic Department Store Food Market Auto Parts Store Travel Agency Tech Support Center (Bike/Boat/Book/etc) Store Garden Center (Bike/Boat/Book/etc) Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Monmouth
    County
    Polk
    State
    Oregon
    Longitude
    -123.23864
    Latitude
    44.84827

    FAQs

    What type of property is this?
    Quadplex - Four-plex with updated tenant laundry, outdoor living spaces, and a roof replacement scheduled at closing.
    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: 4‑plex built in 1971 with shingle/composition roof; Location: 2 blocks from WOU campus and 1 block from downtown Monmouth; HUD capable: 2 of 4 units currently HUD with scheduled increases
    More about this property
    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