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 Market56
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
Listed By:
Nash Barinaga · License #950600156
(503) 334-1515
Source:
Christiesrealestateevg
Added: Aug 21
Changed: Oct 7
Last Checked: Oct 7 at 3:29PM
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 / Yr
$17,257
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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
