Updated Duplex Near
For Sale
$350,000
1016 CENTER St, Oregon City, OR 97045
MultiFamily, OregonCity, OR
Property Size1,344 SF
Lot Size0.09 Acres
Price / SF$260.42
Days on Market232
Property Features for 1016 CENTER St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3.5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Subdivision
Downtown Oregon City
View
River, City, Territorial
Elementary school
Holcomb
Middle school
Tumwata
High school
Oregon City
Directions
Washington to Center St.
Standard status
Active
APN
00570723
Size
1,344 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
2 OREGON CITY PT LT 5&6 BLK 50
Tax Annual Amount
1579
Legal Description
2 OREGON CITY PT LT 5&6 BLK 50
Utilities
Heating system
Baseboard, Forced Air
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Soldera Properties, Inc
(503) 334-1515
Listed By:
Nash Barinaga · License #950600156
(503) 816-8073
Added: Jan 11
Changed: Aug 19
Last Checked: Aug 31 at 7:06AM
MLS# 567182376
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 1,344-square-foot duplex was built in 1920 and has been updated with luxury vinyl flooring, new cabinets, quartz countertops, and new stainless steel appliances. The property includes three bedrooms and two bathrooms, with baseboard and forced-air heating and a composition roof.
Set on 0.09 acres in downtown Oregon City, the duplex is located one-half block from Main St., where shops and restaurants provide nearby amenities. The property is zoned R-3.5 and is identified as a duplex within a multifamily setting.
Set on 0.09 acres in downtown Oregon City, the duplex is located one-half block from Main St., where shops and restaurants provide nearby amenities. The property is zoned R-3.5 and is identified as a duplex within a multifamily setting.
Key Highlights
- Updated duplex with 1,344 square feet
- Renovations include luxury vinyl floors, new cabinets, quartz counters, and stainless appliances
- Three bedrooms and two bathrooms
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 - Renovated interiors feature luxury vinyl flooring, new cabinetry, quartz countertops, and stainless steel 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; Renovations include luxury vinyl floors, new cabinets, quartz counters, and stainless appliances; Three bedrooms and two bathrooms
