271 Clay St E - Apartments FOR SALE


Monmouth, OR 97361- Monmouth/Independence
$950,000 USD
503-587-4777
271 Clay St E, Monmouth, OR for Sale
$950,000 USD
Apartments - FOR SALE
1/10
null | 6.06% Cap Rate

271 Clay St E
Monmouth, OR 97361
Monmouth/Independence


OVERVIEW

Introducing 271 Clay Street East, a well-appointed multifamily residence offering a compelling ownership opportunity in Monmouth. The building showcases efficient floor plans, complemented by recent capital improvements (some units have undergone flooring, door, and cabinet updates), and a new membrane roof. This asset delivers a stable rental stream with potential for additional upside, making it an attractive addition to any multifamily portfolio seeking consistent returns and low management complex.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,333

CAP RATE

6.06%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

High Density Residential

APN/PARCEL ID

190264

ASK ABOUT THIS PROPERTY

Alex RhotenColdwell Banker Commercial Mountain WestMore Info
503-587-4777

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Alex RhotenColdwell Banker Commercial Mountain WestMore Info
503-587-4777

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