Student Housing Townhouse
371 Ecols St N Monmouth, OR 97361
371 Ecols St N, Monmouth, OR, 97361
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For Sale
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Five 4-bedroom, 3-bath townhouse-style units built in 2003, currently 100% occupied.
Property Size6,920 SF
Price / SF$227.60
Days on Market89
Property Features for 371 Ecols St N
General Information
- Standard status
- Active
- Size
- 6,920 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2005
Listing agency
First Commercial Real Estate Services
(503) 364-7400
Listed by
Conrad Venti · License #201252758
Source
Crexi
Added: Apr 25 Updated: Jul 22 at 3:47AM Checked: Jul 22 at 3:47AM
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 Services
Investment Insights
Based on property information with market context.
The Ecols Street Townhouses is a five-unit student housing property built in 2003, featuring five large-format 4-bedroom, 3-bathroom townhouse-style units. The property is currently 100% occupied.
The asset consists of units A through E at 371 Ecols St N in Monmouth, Oregon, and is situated on approximately 0.33 acres. For 2025, actual NOI is $71,163, with proforma NOI of $86,704, alongside gross income of $107,280.
The asset consists of units A through E at 371 Ecols St N in Monmouth, Oregon, and is situated on approximately 0.33 acres. For 2025, actual NOI is $71,163, with proforma NOI of $86,704, alongside gross income of $107,280.
Key Highlights
- Five‑unit student housing property (townhouse‑style) with five large‑format 4‑bedroom, 3‑bath units
- Built in 2003
- Currently 100% occupied
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 | $149.5k | $21.60 |
| − Vacancy | −$10.3k | −$1.49 |
| EGI | $139.2k | $20.11 |
| − OpEx | −$62.6k | −$9.05 |
| NOI | $76.5k | $11.06 |
6,920 SF · lease $21.60/SF/yr · vacancy 6.90% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five 4-bedroom, 3-bath townhouse-style units built in 2003, currently 100% occupied.
Where is this apartment building located?
The property is located at 371 Ecols St N 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: Five‑unit student housing property (townhouse‑style) with five large‑format 4‑bedroom, 3‑bath units; Built in 2003; Currently 100% occupied
