Well-Maintained Fourplex with Private
For Sale
$1,300,000
1426 Village Park Pl, West Linn, OR 97068
MultiFamily, WestLinn, OR
Property Size4,542 SF
Lot Size0.33 Acres
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
12
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 12, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 9, Bathroom 4, Bedroom 10, Bedroom 11, Bedroom 4
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
4,542 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
Section 35 Township 2S Range 1E Quarter BC TAX LOT 02000
Tax Annual Amount
8780
Legal Description
Section 35 Township 2S Range 1E Quarter BC TAX LOT 02000
Utilities
Heating system
Zoned
Cooling system
Heat Pump
Water front
1
Building Details
Year built
1976
Floors in Building
1
Number of units
10
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 24
Last Checked: Aug 24 at 6:06PM
MLS# 192734159
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 fourplex contains four single-level residences, each with three bedrooms, one bathroom, and approximately 1,135 square feet. The units offer open living areas with vaulted ceilings, granite kitchen countertops, stainless steel appliances, durable flooring, heat pump heating and cooling, private fenced yards, individual storage, and covered carport parking. A dedicated laundry room serves the property. Built in 1976, the building occupies 0.33 acres and has a composition roof.
The property is located in West Linn’s Willamette neighborhood near Historic Old Town Willamette, Mary S. Young Park, the Willamette River, local 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 R2.1 zoning designation and four-unit configuration support its multifamily use.
The property is located in West Linn’s Willamette neighborhood near Historic Old Town Willamette, Mary S. Young Park, the Willamette River, local 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 R2.1 zoning designation and four-unit configuration support its multifamily use.
Key Highlights
- Fourplex with four 3‑bedroom, 1‑bathroom units
- Each residence is approximately 1,135 square feet
- 0.33‑acre site with 4,542 square feet of building area
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
$58,319
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%
$1,166,380
$1.2M
Cap Rate 7%
$833,129
$833.1K
Cap Rate 9%
$647,989
$648.0K
Market Conditions
NOI Build-Up for 4,542 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
$111.7K $24.60/SF
− Vacancy
−$5.7K −$1.25/SF
EGI
$106.0K $23.35/SF
− OpEx
−$47.7K −$10.51/SF
NOI
$58.3K $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%
$1,166,380
Cap Rate 7%
$833,129
Cap Rate 9%
$647,989
Alternative Uses
Best Use
Apartment 5plus
$833.1K
$729.0K – $972.0K
NOI $58,319 @ 7.0% cap · market cap 4.49%
Second Best
Multifamily LT 5
$815.0K
$713.2K – $950.9K
NOI $57,052 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,820 @ 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
4
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four single-level residences feature private outdoor areas, covered parking, storage, and dedicated laundry facilities.
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 $1,300,000.
What are key features of this property?
This property features: Fourplex with four 3‑bedroom, 1‑bathroom units; Each residence is approximately 1,135 square feet; 0.33‑acre site with 4,542 square feet of building area
