New Construction
For Sale
$629,990
196-198 E Gwinn St, Monmouth, OR 97361
Two townhouse units feature open great rooms, quartz counters, and energy-efficient mini-split heat pumps on each level.
Property Size2,828 SF
Price / SF$222.77
Days on Market17
Property Features for 196-198 E Gwinn St
General Information
Standard status
Active
Size
2,828 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Buildings
2
Listing Agency:
Excel Real Estate
(503) 507-3368
Listed By:
Matin Real Estate
(503) 208-8406
Source:
Portlandrealestate
Added: Oct 14
Changed: Oct 28
Last Checked: Oct 28 at 8:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Excel Real Estate
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Investment Insights
Based on property information with market context.
Completed new construction comprising two townhouse units, with 2,828 square feet in total. Each features 9-foot ceilings on both floors and an open great room with an electric linear fireplace. Kitchens have white soft-close cabinetry, quartz countertops, and stainless steel appliances; refrigerators and washer-dryer sets are included.
The primary suite in each unit includes vaulted ceilings, a tub-and-shower combination, and three separate closets. Mini-split heat pumps provide heating and cooling on each level.
The primary suite in each unit includes vaulted ceilings, a tub-and-shower combination, and three separate closets. Mini-split heat pumps provide heating and cooling on each level.
Key Highlights
- Two townhouse units totaling 2,828 square feet
- Completed new construction
- 9‑foot ceilings on both floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,965
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,300
$679.3K
Cap Rate 7%
$485,214
$485.2K
Cap Rate 9%
$377,389
$377.4K
Market Conditions
NOI Build-Up for 2,828 SF
Gross rent
$51.9K $18.36/SF
− Vacancy
−$3.4K −$1.20/SF
EGI
$48.5K $17.16/SF
− OpEx
−$14.6K −$5.15/SF
NOI
$34.0K $12.01/SF
Area
Polk County, OR
Vacancy
6.55%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,300
Cap Rate 7%
$485,214
Cap Rate 9%
$377,389
Alternative Uses
Best Use
Multifamily LT 5
$485.2K
$424.6K – $566.1K
NOI $33,965 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$446.8K
$391.0K – $521.3K
NOI $31,278 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$750.9K
$657.0K – $876.0K
NOI $52,560 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 97361, OR
13,412
Population
4,858
Households
2.8
Avg Household Size
29
Median Age
28%
College-Educated
94%
High-School Grad
132.9 sq mi
ZIP Area
101
Density / Sq Mi
$70,625
Median Household Income
$28,812
Median Earnings
$1,128
Median Rent
$407,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse units feature open great rooms, quartz counters, and energy-efficient mini-split heat pumps on each level.
Where is this duplex located?
The property is located at 196-198 E Gwinn St Monmouth, OR.
What is the asking price?
The asking price for this property is $629,990.
What are key features of this property?
This property features: Two townhouse units totaling 2,828 square feet; Completed new construction; 9‑foot ceilings on both floors
