Monmouth St, Independence, OR 97351
This exceptional investment opportunity presents two meticulously renovated historic buildings situated on a single 0.04-acre lot in the charming river town of Independence, Oregon. Located at 148 and 158 Monmouth Street, these properties offer a unique blend of historical charm and modern functionality. Recent renovations have been completed with a keen focus on preserving the historical integrity of the structures while incorporating contemporary upgrades. Currently operating as a multi-tenant investment property, both buildings are 100% leased to two separate tenants, providing immediate and consistent cash flow. This presents a strong return on investment for a savvy buyer. The property's prime location in the historic district of Independence ensures high visibility and accessibility. The buildings are ideally suited for an owner-user seeking a unique and established business location, or for an investor looking for a stable, multi-tenant income stream. This offering presents a rare chance to acquire a piece of Independence's rich history while capitalizing on a thriving commercial market. The property may be purchased individually or in conjunction with the adjacent Taylor's Fountain Building (see separate listing for 296 S. Main Street). The asking price for this remarkable property is $495,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.