Building Details

Year Built 1963

Listing Agency: COLDWELL BNKR/COMMERCIAL DIV Show Phone

Listed By: ALEX RHOTEN Show Phone

Source: Kw

Added: Jun 3 Changed: Aug 23 Last Checked: Aug 22 at 8:11AM

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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 BNKR/COMMERCIAL DIV

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.

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

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Skin Care Clinic Locksmith Pharmacy Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

526

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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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 E Clay St 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