Multifamily Income
For Sale
$899,000
271 Clay St E, Monmouth, OR 97361
Multifamily residence with efficient floor plans, recent unit updates, and a new membrane roof.
Property Size4,416 SF
Days on Market149
Property Features for 271 Clay St E
General Information
Standard status
Active
Size
4,416 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Building Details
Building Size
4,416 SF
Listing Agency:
Coldwell Banker Commercial Mountain West Real Estate
Listed By:
Alex Rhoten · License #841000042
(503) 587-4777
Source:
Commercialcafe
Added: Jun 4
Changed: Oct 26
Last Checked: Oct 28 at 5:03AM
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 Coldwell Banker Commercial Mountain West Real Estate
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Investment Insights
Based on property information with market context.
271 Clay St E is a multifamily income property featuring efficient floor plans. Recent capital improvements include flooring, door, and cabinet updates in some units, along with a newly installed membrane roof.
The offering is presented as a compelling ownership opportunity in Monmouth, Oregon, with an emphasis on providing a stable rental stream. The building is positioned as a portfolio addition for buyers seeking consistent returns within a low-management complex, based on the property’s stated management profile.
Overall, the property combines unit-level refreshes with a roof upgrade to support ongoing operations as part of a larger multifamily strategy.
The offering is presented as a compelling ownership opportunity in Monmouth, Oregon, with an emphasis on providing a stable rental stream. The building is positioned as a portfolio addition for buyers seeking consistent returns within a low-management complex, based on the property’s stated management profile.
Overall, the property combines unit-level refreshes with a roof upgrade to support ongoing operations as part of a larger multifamily strategy.
Key Highlights
- Multifamily residence at 271 Clay Street East in Monmouth
- Efficient unit floor plans
- Recent capital improvements including some flooring, door, and cabinet updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,842
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,840
$976.8K
Cap Rate 7%
$697,743
$697.7K
Cap Rate 9%
$542,689
$542.7K
Market Conditions
NOI Build-Up for 4,416 SF
Gross rent
$95.4K $21.60/SF
− Vacancy
−$6.6K −$1.49/SF
EGI
$88.8K $20.11/SF
− OpEx
−$40.0K −$9.05/SF
NOI
$48.8K $11.06/SF
Area
Polk County, OR
Vacancy
6.90%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,840
Cap Rate 7%
$697,743
Cap Rate 9%
$542,689
Alternative Uses
Best Use
Apartment 5plus
$697.7K
$610.5K – $814.0K
NOI $48,842 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,074 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily residence with efficient floor plans, recent unit updates, and a new membrane roof.
Where is this multifamily property located?
The property is located at 271 Clay St E Monmouth, OR.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Multifamily residence at 271 Clay Street East in Monmouth; Efficient unit floor plans; Recent capital improvements including some flooring, door, and cabinet updates
