Updated Duplex Near
For Sale
$350,000
1016 Center St, Oregon City, OR 97045
Features R-3.5 zoning, luxury vinyl flooring, quartz counters, and stainless appliances.
Property Size1,344 SF
Price / SF$260.42
Days on Market10
Property Features for 1016 Center St
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Multi-Family
Zoning
R-3.5
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Soldera Properties, Inc
(503) 334-1515
Listed By:
Nash Barinaga · License #950600156
Source:
Christiesrealestateevg
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 25 at 4:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Soldera Properties, Inc
Investment Insights
Based on property information with market context.
This 1,344-square-foot duplex, built in 1920, has undergone interior updates that include luxury vinyl flooring, new cabinetry, quartz countertops, and stainless steel appliances. The property offers an updated residential configuration with a documented history of month-to-month rental occupancy.
Located in downtown Oregon City, the duplex is one-half block from Main Street, where shops and restaurants provide an established commercial setting nearby. R-3.5 zoning supports the property’s multifamily classification and continued residential income use.
Located in downtown Oregon City, the duplex is one-half block from Main Street, where shops and restaurants provide an established commercial setting nearby. R-3.5 zoning supports the property’s multifamily classification and continued residential income use.
Key Highlights
- Updated duplex with 1,344 square feet of building area
- Interior improvements include luxury vinyl flooring and new cabinets
- Quartz countertops and new stainless steel appliances
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
$17,257
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
4.93%
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%
$345,140
$345.1K
Cap Rate 7%
$246,529
$246.5K
Cap Rate 9%
$191,744
$191.7K
Market Conditions
NOI Build-Up for 1,344 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
$33.1K $24.60/SF
− Vacancy
−$1.7K −$1.25/SF
EGI
$31.4K $23.35/SF
− OpEx
−$14.1K −$10.51/SF
NOI
$17.3K $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%
$345,140
Cap Rate 7%
$246,529
Cap Rate 9%
$191,744
Alternative Uses
Best Use
Apartment 5plus
$246.5K
$215.7K – $287.6K
NOI $17,257 @ 7.0% cap · market cap 4.93%
Second Best
Multifamily LT 5
$241.2K
$211.0K – $281.4K
NOI $16,882 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$362.8K
$317.4K – $423.3K
NOI $25,395 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,403
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Features R-3.5 zoning, luxury vinyl flooring, quartz counters, and stainless appliances.
Where is this duplex located?
The property is located at 1016 Center St Oregon City, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Updated duplex with 1,344 square feet of building area; Interior improvements include luxury vinyl flooring and new cabinets; Quartz countertops and new stainless steel appliances
