The Whitman 16 is a value-add 16-unit property directly adjacent to Western Oregon University. The property features (12) large 2 bed / 1 bath units and (4) 1 bed / 1 bath units situated on 0.69 acres. Property has a brand-new exterior, new siding, paint, windows, doors, and roofs. Most recent leases at $1,350 puts projected NOI at $166,896 and a 7.27% cap rate.Please do not disturb the residents.Members of the selling entity are Licensed Real Estate Brokers in the State of Oregon.
Listing Provided Courtesy of Eric Swanson, SMI Commercial Real Estate LLC
General Information
274133244
1
DOM
3
0.69 acres
2
0
1964
RH
Polk
193872
Monmouth
Talmadge
Central
MultiFamily
10 - 19 UNITS
Listing Provided Courtesy of Eric Swanson, SMI Commercial Real Estate LLC
Krishna Realty data last checked: May 02, 2026 04:26 | Listing last modified May 01, 2026 15:52,
Source:
The Whitman 16 is a value-add 16-unit property directly adjacent to Western Oregon University. The property features (12) large 2 bed / 1 bath units and (4) 1 bed / 1 bath units situated on 0.69 acres. Property has a brand-new exterior, new siding, paint, windows, doors, and roofs. Most recent leases at $1,350 puts projected NOI at $166,896 and a 7.27% cap rate.Please do not disturb the residents.Members of the selling entity are Licensed Real Estate Brokers in the State of Oregon.
