Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the opportunity to acquire a diversified asset in the heart of Monmouth, OR. Catron Court Apartments offers an exceptional investment opportunity. This well-established complex consists of 10 units spread across three buildings: 8 two-bedroom, one-bath apartment units in one building, and two stand-alone single-family homes—a 3-bedroom, 1-bath and a 2-bedroom, 1-bath—located on the same tax lot. Additionally, Catron Courts is located directly across from the renowned Grain Station Brew Works, one of the top restaurants in the Monmouth/Independence area. With the potential for rent increases, the property offers a pathway to grow the cap rate to 7.17%, delivering a strong return and making it an attractive option for savvy investors. The flexibility to either separate the two single-family homes or maintain them as part of a cohesive investment streamlines management while providing opportunities to maximize value and future returns.