310 Powell E St Monmouth, OR 97361-1443
The purpose of the high-density residential (RH) zone is to define and protect areas suitable for medium and high-density residential uses. (4) The mixed-density (MX) residential zone is intended primarily as a residential area with supporting and complementary commercial and public uses. The purpose of the mixed density (MX) residential zone is to provide t…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
RH · Monmouth, ORThe purpose of the high-density residential (RH) zone is to define and protect areas suitable for medium and high-density residential uses. (4) The mixed-density (MX) residential zone is intended primarily as a residential area with supporting and complementary commercial and public uses. The purpose of the mixed density (MX) residential zone is to provide the development option of a subdivision that will promote: (a) The physical and social integration of residents diverse in age, lifestyle and economic status; (b) An adequate supply of housing that is affordable by households at all income levels; (c) A greater diversity of housing types than is found in other Monmouth neighborhoods; and (d) An alternative means of developing land that promotes public health, safety, and welfare that fosters a strong sense of neighborhood identity based on a shared, coherent, functionally efficient physical environment. The form of the MX zone is designed to provide a coordinated and attractive living environment that responds to local conditions and emphasizes a range of good circulation opportunities for walking, bicycling, using transit and driving personal vehicles. Essential development characteristics within the MX zone are: (a) A mixing of residential housing types including single detached dwellings, apartments, residential flats, and townhouses. (b) Studio apartment units in the same structure with single detached dwellings or their detached garage. (c) A generally regular geometric network of streets, alleys and blocks arranged to provide easy orientation and alternative routes for each destination. (d) A hierarchy of streets, including narrow streets convenient for a balanced mix of pedestrians and automobiles, and wider streets to carry greater traffic. (e) Well-configured squares, gardens, and open spaces woven into street and block patterns and dedicated to collective social activity, recreation, and visual enjoyment. (f) A built-up neighborhood area with an overall size small enough to permit residents and workers the option of walking or riding bicycles conveniently to workplaces and neighborhood shopping, schools, and recreation. The size and density of the MX zone/neighborhood is designed to create 10-minute maximum walking times to activities within the zone/neighborhood. ( Ord. 1408
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.