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Listed by SMI Commercial Real Estate LLC

$2,350,000

Est. payment - /mo

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15,048 SqFt

New

302 MONMOUTH AVE Monmouth, OR 97361

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,048 sqft

Price per Sqft $156

MLS Listing ID 253127455

Year Built 1969

Annual Tax Amount $13,249

Tax Year 2025

Lot Size 0.600 Acres

Property Description

Martha Washington Apartments is a well maintained 15-unit community located in central Monmouth. The property features (14) 2 bed / 1 bath units and (1) 1 bed / 1 bath unit situated on 0.60 acres with 20 off street parking spaces. Stable producing asset with a strong 6.55% in place cap rate. Upgrades include new roofs and exterior paint.Please do not disturb the tenants.Members of the selling entity are Licensed Real Estate Brokers in the State of Oregon.

Location

State OR

County Polk

Area _167

Zoning RH

Interior

Heating Other

Cooling None

Exterior

Roof Type Metal

Garage No

Building

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Monmouth

Middle Schools Talmadge

High Schools Central

Others

Acceptable Financing Conventional, FHA, VALoan

Listing Terms Conventional, FHA, VALoan

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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