$899,990
$100K PRICE DROP

297 Main St W Monmouth, OR 97361

Estimated payment $5,441/month

Total Views 3,445
8 Beds
4 Baths
3,280 Sq Ft
$274 Price per Sq Ft

About This Home

Price Improved!Phenomenal Investment 4-plex in the Heart of the Valley in the thriving town of Monmouth. Chance for Owner Occupied Investment, 2 blocks from campus , one block from downtown. Property has amazing rental history, HUD capable (unit 1 is currently HUD), Updated Laundry facilities (in house only, tenants access) , Upstairs balconies, Lower patios,Greenspace, 7-spot parking lot with10 streetside additional and easy-care grounds. 3 of 4 units have been completely remodeled. 6.81%Cap Rate

Listing Agent

Chad Harrington

EXP REALTY, LLC License #201225668

EXP REALTY, LLC

Co-Listing Agent

LARRY HARRINGTON

EXP REALTY, LLC License #201239058

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,120

Year Built

  • Built in 1971

Lot Details

  • 9,148 Sq Ft Lot

Home Design

  • 3,280 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Schools

  • Monmouth Elementary School
  • Talmadge Middle School
  • Central High School

Listing and Financial Details

  • Exclusions: Tenants personal Property
  • Legal Lot and Block 3 / 11

Community Details

Overview

  • 4 Units
  • Pine Villa Community
  • Town Of Monmouth Subdivision

Building Details

  • Trash Expense $1,000
  • Water Sewer Expense $850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,120

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Syndicated Remarks: Price Improved!Phenomenal Investment 4-plex in the Heart of the Valley in the thriving town of Monmouth. Chance for Owner Occupied Investment, 2 blocks from campus , one block from downtown. Property has amazing rental history, HUD capable (unit 1 is currently HUD), Updated Laundry facilities (in house only, tenants access) , Upstairs balconies, Lower patios,Greenspace, 7-spot parking lot with10 streetside additional and easy-care grounds. 3 of 4 units have been completely remodeled. 6.81%Cap Rate
  • Cross Street: S College St
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Exclusions: Tenants personal Property
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Price Per Sq Ft: 274.39
  • Price Per Sq Ft: 274.39

Exterior Features

  • Exterior Color: Green

Utilities

  • Garbage: 1000
  • Water/Sewer: 850

Schools

  • Elementary School: Monmouth
  • Middle School: Talmadge
  • High School: Central

Lot Info

  • Acres: 0.21
  • Estimated Lot Sq Ft: 9148
  • Lot: 3
  • Price Per Acre: 4285666.67
  • Zoning: RM
  • Property Name: Pine Villa
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2024
  • Tax Account Number: 194882
  • Tax Amount: 5120

Multi Family

  • Number Of Units: 4

MLS Schools

  • HighSchool: Central
  • Middle School: Talmadge
  • Elementary School: Monmouth

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 Price Changed $899,990 -10.0% $274 / Sq Ft
03/18/2025 03/18/25 For Sale $999,990 0.0% $305 / Sq Ft
10/08/2024 10/08/24 Off Market $1,575 -- --
09/21/2024 09/21/24 Price Changed $1,575 -3.1% $2 / Sq Ft
09/20/2024 09/20/24 For Rent $1,625 0.0% --
07/19/2023 07/19/23 Sold $675,000 0.0% $206 / Sq Ft
06/23/2023 06/23/23 For Sale $675,000 -- $206 / Sq Ft
Source: Willamette Valley MLS

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Source: Willamette Valley MLS

MLS Number: 826630

Willamette Valley MLS

Oregon Polk County Monmouth 97361

297 Main St W, Monmouth, OR

Homes for Sale in Monmouth, OR

This home is located at 297 Main St W, Monmouth, OR 97361 and is currently priced at $899,990, approximately $274 per square foot. This property was built in 1971. 297 Main St W is a home located in Polk County with nearby schools including Monmouth Elementary School, Talmadge Middle School, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

Chad Harrington
Listing Agent
Chad Harrington
Section Image
EXP REALTY, LLC
(971) 414-2845