Multifamily Income
271 Clay St E Monmouth, OR 97361
271 Clay St E, Monmouth, OR, 97361
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For Sale
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Multifamily residence with efficient floor plans, recent unit updates, and a new membrane roof.
Property Size4,416 SF
Price / SF$215.13
Days on Market50
Property Features for 271 Clay St E
General Information
- Standard status
- Active
- Size
- 4,416 SF
- Property subtype
- Multifamily
Listing agency
Coldwell Banker
Listed by
Alex Rhoten
Source
Crexi
Added: Jun 3 Updated: Jul 21 at 1:49PM Checked: Jul 21 at 1:49PM
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.4k | $21.60 |
| − Vacancy | −$6.6k | −$1.49 |
| EGI | $88.8k | $20.11 |
| − OpEx | −$40.0k | −$9.05 |
| NOI | $48.8k | $11.06 |
4,416 SF · lease $21.60/SF/yr · vacancy 6.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$697.7K
$610.5K – $814.0K
NOI $48,842 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,074 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
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 $950,000.
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
