271 Clay Street East

Monmouth, OR 97361

$999,998
Price
—
Beds
4,416 Sq. Ft.
$226 / Sq. Ft.
4,416
Sq. Ft.
$226
per Sq. Ft.
a car parked in front of a building
a living room with furniture and a table
a living room with furniture and a wooden floor
a view of room with wooden floor and bathroom
a view of a door of a house
a view of a balcony
a view of wooden balcony
a view of a storage & utility room with a sink
a kitchen with stainless steel appliances granite countertop a refrigerator a stove top oven a sink and dishwasher

Description

Exciting investment opportunity! Updated 6-plex in the heart of Monmouth, less than a mile from WOU. Originally designed w/ 5 units, but its value has recently enhanced with addition of a 6th unit, completed in 3/2023. 5 units feature 2 beds/1 bath. 6th unit, with modern finishes offers 1 bed/1 bath. Professionally managed since 2022, this complex is maintained & overseen with great care. New roof!Exciting investment opportunity! Updated 6-plex in the heart of Monmouth, less than a mile from WOU. Originally designed w/ 5 units, but its value has recently enhanced with addition of a 6th unit, completed in 3/2023. 5 units feature 2 beds/1 bath. 6th unit, with modern finishes offers 1 bed/1 bath. Professionally managed since 2022, this complex is maintained & overseen with great care. New roof!
  1. Listed by Dewey Whitton • The Salem Real Estate Group

Property Details for 271 Clay Street East

Parking Features
Off Street
Zoning
RH
LISTING UPDATED: 10/22/2024 10:32 AM

Property Details for 271 Clay Street East

StatusActive
MLS #24019190
Days on Market235
Taxes$5,831 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1963
Lot Size0.30 AC / 13,068 SF
CountyPolk County

Building Information for 271 Clay Street East

Stories2Residences6Year Built1963Building Size-Lot Size0.30 AC / 13,068 SF

Property Information for 271 Clay Street East

Summary
Location and General Information
  • Country: US
  • Directions: Hwy 99W, West on Clay St E,Property is on the South sideof the street between Broad St S and Knox St
  • Road Surface: Paved
School Information
  • Elementary School: Monmouth
  • High School: Central
  • Middle Or Junior School: Talmadge
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $5,830.62
  • Parcel Number: 190264
  • Tax Legal Description: 5 - 9 UNITS
Property
Lot Information
  • Acres: 0.3
  • Lot Description: Level
  • Lot Size Square Feet: 13068.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1963
Utilities
  • Fuel Description: Electricity
  • Heating Description: Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: T111Siding, Wood Siding
  • Roof Type: Membrane
Interior Features
  • Basement: None
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
  • Gross Income Actual: $80,400.00
  • Gross Rent Multiplier: $12.44
  • Investor Information: According To Owner
  • Net Income Actual: $68,955.00
  • Operating Expense: $11,445.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6
  • SqFt Approximate Building Total: 4416
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Range, Refrigerator
  • Unit Type 1 Rent: $1,075
  • Unit Type 1 SqFt: 770.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator
  • Unit Type 2 Rent: $1,195
  • Unit Type 2 SqFt: 770.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Range, Refrigerator
  • Unit Type 3 Rent: $1,075
  • Unit Type 3 SqFt: 770.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Range, Refrigerator
  • Unit Type 4 Rent: $1,115
  • Unit Type 4 SqFt: 770
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Range, Refrigerator
  • Unit Type 5 Rent: $1,150
  • Unit Type 5 SqFt: 770.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Baths Decimal: 1.00
  • Unit Type 6 Beds Total: 1
  • Unit Type 6 Features: Range, Refrigerator
  • Unit Type 6 Rent: $1,150
  • Unit Type 6 SqFt: 500.0
  • Unit Type 6 Units Total: 1

Schools near 271 Clay Street East

This home is within Central School District 13j.
Rating
School
Type
Grades
Distance
Monmouth Elementary School
Public - K to 5
Talmadge Middle School
Public - 6 to 8
Central High School
Public - 9 to 12
Mid-Valley Christian Academy
Private - PK to 11
Rating
School
Distance
Monmouth Elementary School
PublicK to 5

Talmadge Middle School
Public6 to 8

Central High School
Public9 to 12

Mid-Valley Christian Academy
PrivatePK to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 271 Clay Street East, Monmouth, OR 97361

271 Clay Street East is a multi-family home for sale in Monmouth, OR 97361. This property was listed for sale on May 9, 2024 by The Salem Real Estate Group, it's currently listed at $999,998. This listing's school district is Central School District 13j. Nearby schools include Monmouth Elementary School, Talmadge Middle School and Central High School. 271 Clay Street East is a 0-bed, 0-bath, 4,416 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Salem Real Estate Group

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 10/22/2024 10:32 AM