Two-Home Duplex
For Sale
$700,000
320 HIGH St, Oregon City, OR 97045
MultiFamily, OregonCity, OR
Property Size2,852 SF
Price / SF$245.44
Days on Market33
Property Features for 320 HIGH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Resid
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Subdivision
Historic Oregon City
Elementary school
Holcomb
Middle school
Tumwata
High school
Oregon City
Directions
High St. to the corner of 4th and High St.
Standard status
Active
APN
00573917
Size
2,852 SF
Taxes and HOA fees
Tax Description
2 OREGON CITY PT LT 7&8 BLK 36
Tax Annual Amount
4840
Legal Description
2 OREGON CITY PT LT 7&8 BLK 36
Utilities
Heating system
Forced Air
Building Details
Year built
1940
Floors in Building
3
Number of units
2
Roof type
Composition
Listing Agency:
Soldera Properties, Inc
(503) 334-1515
Listed By:
Nash Barinaga · License #950600156
(503) 816-8073
Added: Jul 30
Changed: Aug 19
Last Checked: Aug 31 at 10:06AM
MLS# 188364473
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 duplex property comprises two homes on a single tax lot, with 2,852 square feet of total property size. Built in 1940, the asset has received numerous upgrades and includes forced-air heating and a composition roof. Both residences are occupied by long-term tenants. The smaller home provides 2 bedrooms, 1 bathroom, and approximately 900 square feet, while the second residence is larger.
The property is located at 320 HIGH St in Oregon City, near shopping, parks, restaurants, bars, food carts, schools, downtown amenities, and freeway access. Residential zoning is identified as Resid.
The property is located at 320 HIGH St in Oregon City, near shopping, parks, restaurants, bars, food carts, schools, downtown amenities, and freeway access. Residential zoning is identified as Resid.
Key Highlights
- Two homes situated on one tax lot
- 2,852 square feet of total property size
- Smaller home includes 2 bedrooms, 1 bathroom, and approximately 900 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
$36,620
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
5.23%
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%
$732,400
$732.4K
Cap Rate 7%
$523,143
$523.1K
Cap Rate 9%
$406,889
$406.9K
Market Conditions
NOI Build-Up for 2,852 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
$70.2K $24.60/SF
− Vacancy
−$3.6K −$1.25/SF
EGI
$66.6K $23.35/SF
− OpEx
−$30.0K −$10.51/SF
NOI
$36.6K $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%
$732,400
Cap Rate 7%
$523,143
Cap Rate 9%
$406,889
Alternative Uses
Best Use
Apartment 5plus
$523.1K
$457.8K – $610.3K
NOI $36,620 @ 7.0% cap · market cap 5.23%
Second Best
Multifamily LT 5
$511.8K
$447.8K – $597.1K
NOI $35,824 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$769.8K
$673.6K – $898.1K
NOI $53,888 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
Explore this area
Business Placement
Demographics for 97045, OR
57,403
Population
21,702
Households
2.6
Avg Household Size
41
Median Age
33%
College-Educated
95%
High-School Grad
86.8 sq mi
ZIP Area
661
Density / Sq Mi
$100,388
Median Household Income
$49,342
Median Earnings
$1,600
Median Rent
$563,600
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?
Duplex - Two occupied residences share one tax lot near historic downtown Oregon City.
Where is this duplex located?
The property is located at 320 HIGH St Oregon City, OR.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two homes situated on one tax lot; 2,852 square feet of total property size; Smaller home includes 2 bedrooms, 1 bathroom, and approximately 900 square feet
