375 Main St W - Apartments FOR SALE


Monmouth, OR 97361- Monmouth/Independence
$8,775,000 USD
503-200-2022
375 Main St W, Monmouth, OR for Sale
$8,775,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

375 Main St W
Monmouth, OR 97361
Monmouth/Independence


HIGHLIGHTS

  • Spacious Floorplans
  • Laundry Facility On-Site
  • Clean Appearance with Minimal Upkeep

OVERVIEW

The Rhoades Group of Marcus & Millichap is pleased to present an exclusive investment opportunity—a portfolio of five properties located in the neighboring cities of Monmouth and Independence, Oregon. This portfolio includes Oakvilla, Parkside, Catron Court, Plum Court, and Main West. While offered as a portfolio, each property is also available for individual purchase. OAKVILLA (26 Units): A prime asset on 1.45 acres and just blocks from the vibrant downtown of Independence. Single level, low density. PLUM COURT (11 Units): This property consists of 11 units spread across two buildings. The main building features a mix of studios and 1-bedroom units, while a fully remodeled 3-bedroom, 1-bath home sits on the same tax lot. CATRON COURT (10 Units): This diversified asset is located in the heart of Monmouth and consists of 10 units spread across three buildings; eight 2-bedroom, 1-bath units in one building, and two stand-alone single-family homes. MAIN WEST (10 Units): Located just one block from Western Oregon University’s sport centers, Main West is a classic garden style 10-unit building featuring one-bedroom units. The property includes an on-site laundry facility and has recently received exterior upgrades. PARKSIDE (13 Units): Features twelve 2-bedroom, 1 bath units and one 1-bedroom, 1 bath unit also located just blocks from downtown Independence. The property has undergone extensive significant upgrades.

FOR SALE DETAILS

PRICE

$8,775,000 USD

PRICE/SF

$1,196 USD /SF

# OF UNITS

70

PRICE/UNIT

$125,357

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monmouth & Independence Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

194978

ASK ABOUT THIS PROPERTY

Whitney RhoadesMarcus & MillichapMore Info
503-200-2022

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Whitney RhoadesMarcus & MillichapMore Info
503-200-2022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.