Two Quadplexes with Covered
For Sale
$2,600,000
1426 Village Park Pl, West Linn, OR 97068
MultiFamily, WestLinn, OR
Property Size9,084 SF
Price / SF$286.22
Days on Market33
Property Features for 1426 Village Park Pl
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2.1
Bedrooms
24
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bedroom 9, Bedroom 4, Bedroom 7, Bedroom 18, Bathroom 7, Bedroom 20, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 3, Bedroom 17, Bedroom 8, Bedroom 11, Bedroom 12, Bedroom 14, Bedroom 16, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 19, Bedroom 21, Bathroom 1, Bedroom 2, Bedroom 23, Bedroom 24, Bathroom 6, Bathroom 8, Bedroom 13, Bedroom 22, Bedroom 10, Bedroom 15
Subdivision
WILLAMETTE
Elementary school
Willamette
Middle school
Athey Creek
High school
West Linn
Directions
Debok Rd, E on Village Park Pl
Standard status
Active
APN
00407072
Size
9,084 SF
Taxes and HOA fees
Tax Description
SECTION 35 TOWNSHIP2S RANGE 1E QUARTER BC TAXLOT 02000
Tax Annual Amount
17531
Legal Description
SECTION 35 TOWNSHIP2S RANGE 1E QUARTER BC TAXLOT 02000
Utilities
Cooling system
Heat Pump
Water front
1
Amenities
private fenced yards
dedicated laundry room
individual storage
covered carport parking
open-concept living
vaulted ceilings
granite countertops
stainless steel appliances
heat pump heating and cooling
durable flooring
in-unit laundry
Building Details
Year built
1976
Floors in Building
1
Number of units
36
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
John Tae · License #201209617
(503) 320-4554
Added: Jul 23
Changed: Aug 23
Last Checked: Aug 24 at 6:06PM
MLS# 665597534
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This R2.1-zoned property comprises two quadplexes totaling 8 units and 9,084 square feet. Each residence is a single-level, three-bedroom, one-bath layout of approximately 1,135 square feet, with open living areas, vaulted ceilings, granite kitchen counters, stainless steel appliances, heat pump heating and cooling, durable flooring, and a private fenced yard. Individual storage and covered carport parking are also provided. The improvements were built in 1976 and feature composition roofs.
The property is located at 1426 Village Park Pl in West Linn’s Willamette area, near Historic Old Town Willamette, Mary S. Young Park, the Willamette River, dining, shopping, and West Linn-Wilsonville schools. Access to I-205 and Highway 43 connects the property with Oregon City, Lake Oswego, and Portland.
The property is located at 1426 Village Park Pl in West Linn’s Willamette area, near Historic Old Town Willamette, Mary S. Young Park, the Willamette River, dining, shopping, and West Linn-Wilsonville schools. Access to I-205 and Highway 43 connects the property with Oregon City, Lake Oswego, and Portland.
Key Highlights
- 8‑unit property consisting of two quadplexes
- 9,084 square feet across the multifamily improvements
- Eight single‑level units, each with 3 bedrooms, 1 bathroom, and approximately 1,135 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$116,638
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,332,760
$2.3M
Cap Rate 7%
$1,666,257
$1.7M
Cap Rate 9%
$1,295,978
$1.3M
Market Conditions
NOI Build-Up for 9,084 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$223.5K $24.60/SF
− Vacancy
−$11.4K −$1.25/SF
EGI
$212.1K $23.35/SF
− OpEx
−$95.4K −$10.51/SF
NOI
$116.6K $12.84/SF
Area
Clackamas County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,332,760
Cap Rate 7%
$1,666,257
Cap Rate 9%
$1,295,978
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.94M
NOI $116,638 @ 7.0% cap · market cap 4.49%
Second Best
Multifamily LT 5
$1.63M
$1.43M – $1.90M
NOI $114,105 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,640 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 97068, OR
30,712
Population
11,656
Households
2.6
Avg Household Size
43
Median Age
63%
College-Educated
98%
High-School Grad
22.4 sq mi
ZIP Area
1,371
Density / Sq Mi
$145,877
Median Household Income
$65,674
Median Earnings
$1,994
Median Rent
$760,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two multifamily buildings provide single-level residences with fenced yards, storage, and covered carport parking.
Where is this quadplex located?
The property is located at 1426 Village Park Pl West Linn, OR.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 8‑unit property consisting of two quadplexes; 9,084 square feet across the multifamily improvements; Eight single‑level units, each with 3 bedrooms, 1 bathroom, and approximately 1,135 square feet
