Leased Duplex with Updated
For Sale
$399,900
715 S MCLOUGHLIN Blvd, Oregon City, OR 97045
MULTI_FAMILY - OregonCity, OR
Property Size1,980 SF
Lot Size0.05 Acres
Price / SF$201.97
Days on Market77
Property Features for 715 S MCLOUGHLIN Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HC
Bedrooms
1
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2
Subdivision
CANEMAH
View
River
Elementary school
Holcomb
Middle school
Gardiner
High school
Oregon City
Directions
Hwy 99E / McLoughlin Blvd S to property, just south of downtown Oregon City near Canemah.DND Tenants
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
Legal Description
6 CANEMAH PT LT 5 BLK 4
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: May 28
Changed: Aug 12
Last Checked: Aug 12 at 12:06PM
MLS# 682816475
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.
Fully leased two-unit duplex in Oregon City with completed interior improvements and views toward the Willamette River. The main level includes two units totaling approximately 1,100 square feet, with an additional approximately 880 square foot basement area for an estimated total of about 1,980 square feet (buyer to verify).
Unit A features kitchen appliance updates, pantry improvements, plumbing updates as needed, updated lighting, and fresh interior paint. Unit B received a complete rehab including a new kitchen, bathroom, plumbing, heating, and fresh interior paint plus broad interior improvements. The basement includes a full bathroom, a washer and dryer area, utility improvements, a water heater, and some lighting updates, along with flexible storage or potential future use subject to due diligence.
Set on a 0.05-acre lot and built in 1900, the property uses forced air heating and has a composition roof. Zoning is HC, with the home positioned for convenient access to Hwy 99E and I-205 and close proximity to riverfront viewpoints and downtown Oregon City amenities.
Unit A features kitchen appliance updates, pantry improvements, plumbing updates as needed, updated lighting, and fresh interior paint. Unit B received a complete rehab including a new kitchen, bathroom, plumbing, heating, and fresh interior paint plus broad interior improvements. The basement includes a full bathroom, a washer and dryer area, utility improvements, a water heater, and some lighting updates, along with flexible storage or potential future use subject to due diligence.
Set on a 0.05-acre lot and built in 1900, the property uses forced air heating and has a composition roof. Zoning is HC, with the home positioned for convenient access to Hwy 99E and I-205 and close proximity to riverfront viewpoints and downtown Oregon City amenities.
Key Highlights
- Fully leased two‑unit duplex in Oregon City with Willamette River views
- 0.05‑acre lot with an estimated total of about 1,980 SF (buyer to verify)
- Main level has two units totaling approximately 1,100 SF plus an approximately 880 SF basement
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
$25,423
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
6.36%
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%
$508,460
$508.5K
Cap Rate 7%
$363,186
$363.2K
Cap Rate 9%
$282,478
$282.5K
Market Conditions
NOI Build-Up for 1,980 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
$48.7K $24.60/SF
− Vacancy
−$2.5K −$1.25/SF
EGI
$46.2K $23.35/SF
− OpEx
−$20.8K −$10.51/SF
NOI
$25.4K $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%
$508,460
Cap Rate 7%
$363,186
Cap Rate 9%
$282,478
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
114
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 - Fully leased Oregon City duplex with Willamette River views and completed interior improvements across two units plus basement space.
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 two‑unit duplex in Oregon City with Willamette River views; 0.05‑acre lot with an estimated total of about 1,980 SF (buyer to verify); Main level has two units totaling approximately 1,100 SF plus an approximately 880 SF basement
