Remodeled Fourplex on Corner
718 9TH St Oregon City, OR 97045
For Sale
$995,000
MULTI_FAMILY - OregonCity, OR
Property Size2,932 SF
Price / SF$339.36
Days on Market147
Property Features for 718 9TH St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3.5
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 5, Bathroom 4, Bedroom 8, Bathroom 3, Bedroom 6
- Standard status
- Active
- APN
- 00571697
Taxes and HOA fees
- Tax Description
- 2 OREGON CITY LT 1 BLK 100
- Tax Annual Amount
- 7104
Utilities
- Heating system
- Baseboard
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Membrane, Flat
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Dawn Meaney · License #200301184
(503) 936-8335
Added: Feb 27
Changed: Jul 24
Last Checked: Jul 24 at 7:06PM
MLS# 422557093
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 midcentury fourplex is located on a corner lot. It features four fully remodeled or refreshed 2-bedroom, 1-bathroom units, each measuring 733 square feet. The upper units include large balconies with views and storage, while the lower units have private fenced yards. On-site laundry facilities and dedicated off-street parking are available. The low-maintenance building is move-in ready, making it ideal for mid-term furnished rentals. The property is zoned R3.5 and is located near the hospital, transit options, restaurants, recreation areas, and historic Main Street. A proposed waterfront redevelopment is planned nearby.
Key Highlights
- Midcentury four plex on a corner lot with four 2BR/1BA units
- Each unit is 733 SF, with all units remodeled or refreshed and move‑in ready
- Upper units offer large balconies with views and storage; lower units have private fenced yards
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 | $72.1k | $24.60 |
| − Vacancy | −$3.7k | −$1.25 |
| EGI | $68.4k | $23.35 |
| − OpEx | −$30.8k | −$10.51 |
| NOI | $37.6k | $12.84 |
2,932 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$537.8K
$470.6K – $627.5K
NOI $37,647 @ 7.0% cap · market cap 3.78%
Second Best
Multifamily LT 5
$526.1K
$460.4K – $613.8K
NOI $36,829 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$791.4K
$692.5K – $923.3K
NOI $55,399 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Midcentury fourplex with remodeled units, balconies, and fenced yards.
Where is this quadplex located?
The property is located at 718 9TH St Oregon City, OR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Midcentury four plex on a corner lot with four 2BR/1BA units; Each unit is 733 SF, with all units remodeled or refreshed and move‑in ready; Upper units offer large balconies with views and storage; lower units have private fenced yards
