Residential Income
For Sale
$1,575,000
371 Ecols St N #A, Monmouth, OR 97361
For sale residential income multifamily property at 371 Ecols St N #A in Monmouth, Oregon.
Property Size6,920 SF
Days on Market18
Property Features for 371 Ecols St N #A
General Information
Standard status
Active
Size
6,920 SF
Property subtype
Multi-Family
Building Details
Building Size
6,920 SF
Year Built
2003
Units
5
Listing Agency:
First Commercial Real Estate
(503) 364-7400
Listed By:
Conrad Venti · License #201252758
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 8
Last Checked: Aug 10 at 8:25PM
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 First Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale residential income multifamily property is listed as “Other multifamily properties,” with the address shown as 371 Ecols St N #A, Monmouth, OR 97361.
The available information does not specify the building’s unit count, current tenant status, or any interior or exterior features. As provided, the listing details focus on the property type designation and the exact address for identification.
Prospective buyers and brokers should request the offering details to confirm the property’s layout, condition, and income potential.
The available information does not specify the building’s unit count, current tenant status, or any interior or exterior features. As provided, the listing details focus on the property type designation and the exact address for identification.
Prospective buyers and brokers should request the offering details to confirm the property’s layout, condition, and income potential.
Key Highlights
- Residential income multifamily property for sale at 371 Ecols St N #A in Monmouth, Oregon
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,537
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,530,740
$1.5M
Cap Rate 7%
$1,093,386
$1.1M
Cap Rate 9%
$850,411
$850.4K
Market Conditions
NOI Build-Up for 6,920 SF
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.
Gross rent
$149.5K $21.60/SF
− Vacancy
−$10.3K −$1.49/SF
EGI
$139.2K $20.11/SF
− OpEx
−$62.6K −$9.05/SF
NOI
$76.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,530,740
Cap Rate 7%
$1,093,386
Cap Rate 9%
$850,411
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$956.7K – $1.28M
NOI $76,537 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,612 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
510
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - For sale residential income multifamily property at 371 Ecols St N #A in Monmouth, Oregon.
Where is this multifamily property located?
The property is located at 371 Ecols St N #A Monmouth, OR.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Residential income multifamily property for sale at 371 Ecols St N #A in Monmouth, Oregon; Built in 2003
