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271 Clay St E 6 Unit Apartment Building $950,000 ($158,333/Unit) 6.06% Cap Rate Monmouth, OR 97361
Executive Summary
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.
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.
Property Facts
| Price | $950,000 | Building Class | C |
| Price Per Unit | $158,333 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 4,416 SF |
| Cap Rate | 6.06% | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 2.49/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | High Density Residential - RH; Class, Multi Fam; Type 5+ | ||
| Price | $950,000 |
| Price Per Unit | $158,333 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,416 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.49/1,000 SF |
| Zoning | High Density Residential - RH; Class, Multi Fam; Type 5+ |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 500 |
| 2+1 | 5 | - | 780 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 190264 | Improvements Assessment | $287,650 |
| Land Assessment | $62,050 | Total Assessment | $349,700 |
Property Taxes
Parcel Number
190264
Land Assessment
$62,050
Improvements Assessment
$287,650
Total Assessment
$349,700
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271 Clay St E
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