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302 MONMOUTH AVE Monmouth, OR $ 2,350,000
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302 MONMOUTH AVE
$ 2,350,000
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302 MONMOUTH AVE

Monmouth, OR, 97361
$ 2,350,000
Bedrooms3 Baths2.0 Sq 15,048

Monthly Estimate*

$ 14,469

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Multi-Family Home for sale in Monmouth, OR

for $2,350,000 with 3 bedrooms and 2 full baths. This 15,048 square foot home was built in 1969 on a lot size of 0.6.

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.

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Multi-Family Active

Price

$ 2,350,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 13,249

Style

Lot Size

0.6

Year Built

1969

Town/City

Monmouth

County/Region

Polk

MLS | Web ID

253127455
Features
General
Sewer PublicSewer
Heating Other
Cooling None
Roof Metal
Zoning RH
Year Built 1969
Stories Count 2
Tax Year 2025
Parcel Number 195342
Gross Income 0
County Polk
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions Clay St
High School Central
City Monmouth
Number Of Units Total 15
MLS Area _167
Lot Size Square Feet 26136.0
Listing Terms Conventional FHA VALoan
Elementary School Monmouth
Tax Annual Amount 13249.78
Middle/Junior High School Talmadge
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 10 - 19 UNITS
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Exterior
Water Source PublicWater
Exterior Description Other
Building Area Total 15048.0
Lot Size Acres 0.6
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Interior
Hot Water Other
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2
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Internal Only
Street Number 1 302
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* Excluded Features
List By
Smi Commercial Real Estate Llc

Broker

eric@smire.com

Email

Affordability Calculator

$15,573
Per Month
93%
7%
0%
Monthly Principal & Interest
$14,469
Monthly Property Taxes
$1,104
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1950897 Elementary School
1950978 Middle School
Central High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/1/2026$2,350,000 Listed Price

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302 MONMOUTH AVE, Monmouth, OR, 97361 is a Multi-Family Home for sale at $2,350,000 with 15,048 sqft and a lot size of 0.6. 302 MONMOUTH AVE has 3 bedrooms, 2.0 baths, and was built in 1969. The property's zip code is 97361 which is in Monmouth, OR

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