Rehabbed Duplex with River
715 S MCLOUGHLIN Blvd, Oregon City, OR 97045
MULTI_FAMILY - OregonCity, OR
Property size:
1,980 SFLot size:
0.05 AcresPrice / SF:
$201/SF- Added:
- May 28, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 5 at 12:06 am
Property Features for 715 S MCLOUGHLIN Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HC
- Bedrooms
- 1
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1
- Standard status
- Active
- APN
- 00416437
- Size
- 1,980 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Description
- 6 CANEMAH PT LT 5 BLK 4
- Tax Annual Amount
- 4153
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing agent Darryl Bodle License #199910100 (503) 709-4632
Listing office Keller Williams Realty Portland Premiere 7504 SW Bridgeport Rd, Portland, OR (503) 597-2444
Listing date May 28, 2026
MLS# 682816475
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 leased Oregon City duplex generating in‑place income (buyer to verify).
- Approx. 1,980 total SF: main level ~1,100 SF across 2 units plus ~880 SF basement area (buyer to verify).
- Unit A rehab at seller’s purchase: kitchen appliance updates, pantry improvements, plumbing updates as needed, updated lighting, and fresh interior paint.
- Unit B complete rehab: new kitchen and bathroom, plumbing and heating updates, fresh interior paint, and broad interior improvements.
- Basement includes a full bathroom, washer/dryer area, utility improvements, water heater, and flexible storage/potential future use (subject to due diligence).
- Forced air heating; 1900 build with composition roof.
Overview
This fully leased duplex presents a two-unit income setup with interior improvements already completed. The main level includes two units totaling approximately 1,100 square feet, and there is an additional approximately 880 square foot basement area for a total of approximately 1,980 square feet (buyer to verify). Unit A was rehabbed by the seller’s predecessor, with updates including kitchen appliance improvements, pantry upgrades, plumbing updates as needed, updated lighting, and fresh interior paint. Unit B underwent a more complete renovation featuring a new kitchen and bathroom, plumbing and heating improvements, fresh interior paint, and broad interior updates. The basement includes a full bathroom, a washer and dryer area, utility improvements with a water heater, and some lighting updates, with flexible storage and possible future-use considerations subject to due diligence.
The property is located on S McLoughlin Blvd in Oregon City, with views toward the Willamette River. Nearby conveniences referenced in the remarks include McLoughlin Promenade, Willamette Falls viewpoints, parks and riverfront recreation, downtown shops and dining, transit access, and connectivity to Hwy 99E and I-205.
For an investor, this is positioned as a leased two-unit asset with updated interiors and functional basement space, supporting straightforward occupancy planning. For an owner-occupant approach, the property is described as potentially fitting buyers who may want to occupy one unit while renting the other, subject to lease timing, lender approval, and buyer due diligence.
The property is located on S McLoughlin Blvd in Oregon City, with views toward the Willamette River. Nearby conveniences referenced in the remarks include McLoughlin Promenade, Willamette Falls viewpoints, parks and riverfront recreation, downtown shops and dining, transit access, and connectivity to Hwy 99E and I-205.
For an investor, this is positioned as a leased two-unit asset with updated interiors and functional basement space, supporting straightforward occupancy planning. For an owner-occupant approach, the property is described as potentially fitting buyers who may want to occupy one unit while renting the other, subject to lease timing, lender approval, and buyer due diligence.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.7k | $24.60 |
| − Vacancy | −$2.5k | −$1.25 |
| EGI | $46.2k | $23.35 |
| − OpEx | −$20.8k | −$10.51 |
| NOI | $25.4k | $12.84 |
1,980 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$363.2K
$317.8K – $423.7K
NOI $25,423 @ 7.0% cap · market cap 6.36%
Second Best
Multifamily LT 5
$355.3K
$310.9K – $414.5K
NOI $24,871 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$534.5K
$467.7K – $623.5K
NOI $37,412 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Oregon City
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.624886
- Latitude
- 45.346642
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully leased two-unit duplex with completed interior improvements, basement amenities, and views toward the Willamette River.
Where is this duplex located?
The property is located at 715 S MCLOUGHLIN Blvd Oregon City, OR.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Fully leased Oregon City duplex generating in‑place income (buyer to verify).; Approx. 1,980 total SF: main level ~1,100 SF across 2 units plus ~880 SF basement area (buyer to verify).; Unit A rehab at seller’s purchase: kitchen appliance updates, pantry improvements, plumbing updates as needed, updated lighting, and fresh interior paint.
