Updated 4-plex in the growing town of Independence. Perfect for an Investor or Owner Occupied Investor. Rental income of $3,932/mo. Located close to downtown, schools & shopping. Roof is approx 5 yrs old, all units have been updated & have large rooms. Tenants pay utilities. Property has great rental history, on site laundry facilities, all units have sliders out to patios & common courtyard/greenspace. Off-street parking & easy-care grounds. Easy commute to Salem, Corvallis, Albany & McMinnville.
Sold for $690,000 on 06/24/25
Listed by:
LISA ANN SCHEIRMAN Agent:503-949-2411,
Homesmart Realty Group - Monmouth
$690,000
1390 Monmouth St, Independence, OR 97351
8beds
4baths
2,947sqft
Quadruplex
Built in 1964
-- sqft lot
$689,900 Zestimate®
$234/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 24, 2025 at 07:05pm
Listed by:
LISA ANN SCHEIRMAN Agent:503-949-2411,
Homesmart Realty Group - Monmouth
Bought with:
NOM NON-MEMBER SALE
Non-Member Sale
Source: WVMLS,MLS#: 819901
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Dining room
- Features: Area (Combination)
Heating
- Electric
Appliances
- Included: Electric Range, Range Included, Electric Water Heater, Refrigerator
- Laundry: Common Area
Features
- Flooring: Carpet, Laminate, Tile, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 2,947
- Total interior livable area: 2,947 sqft
Property
Parking
- Parking features: 1 space
Features
- Patio & porch: Patio
- Exterior features: Tan
- Fencing: Partial
- Has view: Yes
- View description: Territorial
Lot
- Size: 10,703 sqft
- Dimensions: 75' x 115'
- Features: Dimension Above
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Lap Siding
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Independence
HOA & financial
Other financial information
- Total actual rent: 3932
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Land Sales Contract,VA Loan,Cash,Conventional
Services availability
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Get a free Zillow Showcase℠ listing and you could sell for .
$689,900
2% more+ $13,798
With Zillow Showcase(estimated)
$703,698