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    Renovated Duplex in Oregon City Title is generated by Realmo AI

    418 DEWEY St, Oregon City, OR 97045

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    Claim this Listing
    For Sale
    $499,000

    MULTI_FAMILY - OregonCity, OR

    Property size:
    1,453 SF
    Price / SF:
    $343/SF
    Added:
    Feb 22, 2026
    Days on Market:
    103
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 418 DEWEY St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-6
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
    Standard status
    Active
    APN
    00591309
    Size
    1,453 SF

    Taxes and HOA fees

    Tax Description
    SUBDIVISION DARNALLS ADD 82 BLOCK 1 PT LTS 9 & 10
    Tax Annual Amount
    5214

    Utilities

    Heating system
    Zoned

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    Brendenn Kralicek

    Listing agent Brendenn Kralicek

    Listing office MORE Realty 9792 SW Nimbus Ave, Tigard, OR

    Listing date Feb 22, 2026

    MLS# 212107125 Listing URL

    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.

    HighLights

    • Fully permitted conversion of a 1940s bungalow into a duplex with two separate living spaces and private keyless entry
    • Upstairs unit (418 Dewey St): approx. 950 SF, 2 bed/1 bath with modern kitchen, newer stainless steel appliances, dedicated washer/dryer
    • Downstairs unit (406 Irving St): approx. 500 SF, 1 bed/1 bath with brand‑new stainless steel appliances and stacked washer/ventless dryer
    • Highly efficient mini‑split system for year‑round comfort; zoned heating
    • New sewer and water lines plus updated electrical work to support the dual‑unit conversion
    • Foundation protection includes French drain system with sump pumps and backup battery with automatic transfer switch; roof replaced in 2019

    Overview

    This renovated 1940s bungalow in Oregon City has been expertly converted into a fully permitted duplex. The property features two separate living spaces, each with its own private, keyless entry. The upstairs unit, located at 418 Dewey St, offers approximately 950 square feet of living space. This two-bedroom, one-bathroom home has been updated with a modern kitchen that includes newer stainless steel appliances and a dedicated washer and dryer. A mini-split system ensures year-round comfort. The downstairs unit, located at 406 Irving St, provides an additional 500 square feet of modern living space. This one-bedroom, one-bathroom space features a layout with brand-new stainless steel appliances and a stacked washer with a ventless dryer. Foundational aspects of this home include new sewer and water lines, along with updated electrical work to support the dual-unit conversion. A French drain system with sump pumps protects the foundation, while a backup battery system with an automatic transfer switch keeps the downstairs unit and drainage systems running during power outages. The roof was replaced in 2019. The property, with a size of 1453 square feet, also offers potential RV parking. This turnkey property showcases functional design and long-term value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oregon City
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.595807
    Latitude
    45.348136

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    FAQs

    What type of property is this?
    Duplex - Fully permitted, renovated duplex with modern amenities and separate entrances.
    Where is this duplex located?
    The property is located at 418 DEWEY St Oregon City, OR.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Fully permitted conversion of a 1940s bungalow into a duplex with two separate living spaces and private keyless entry; Upstairs unit (418 Dewey St): approx. 950 SF, 2 bed/1 bath with modern kitchen, newer stainless steel appliances, dedicated washer/dryer; Downstairs unit (406 Irving St): approx. 500 SF, 1 bed/1 bath with brand‑new stainless steel appliances and stacked washer/ventless dryer
    (503) 444-0321
    We can help!
    Listing Contact
    Brendenn Kralicek
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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