Updated Duplex in Downtown
1016 CENTER St Oregon City, OR 97045
1016 CENTER St, Oregon City, OR, 97045
$350,000
For Sale
$350,000
MULTI_FAMILY - OregonCity, OR
Property Size1,344 SF
Lot Size0.09 Acres
Price / SF$260.42
Days on Market186
Property Features for 1016 CENTER St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3.5
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1
- 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
Utilities
- Heating system
- Forced Air, Baseboard
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing Agency
Soldera Properties, Inc
(503) 334-1515
525 3rd St, OR
Listed by
Nash Barinaga · License #950600156
(503) 816-8073
Added: Jan 11 Checked: Jul 16 at 7:06 pm
MLS# 567182376
Listing URL
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Investment Insights
Based on property information with market context.
This newly updated duplex offers refreshed interior finishes designed for comfortable, easy-to-maintain living. Improvements include luxury vinyl flooring, new cabinets, quartz countertops, and new stainless steel appliances.
The property is located at 1016 CENTER St in Oregon City, within the R-3.5 zoning designation. The listing notes proximity to downtown Oregon City’s Main St area.
With a total building size listed at 1,344 square feet and a lot size of 0.09 acres, this duplex provides a residential income configuration in a downtown-close setting under R-3.5 zoning.
The property is located at 1016 CENTER St in Oregon City, within the R-3.5 zoning designation. The listing notes proximity to downtown Oregon City’s Main St area.
With a total building size listed at 1,344 square feet and a lot size of 0.09 acres, this duplex provides a residential income configuration in a downtown-close setting under R-3.5 zoning.
Key Highlights
- Updated duplex in downtown Oregon City with R‑3.5 zoning
- Newer interior updates include luxury vinyl floors, new cabinets, quartz counters, and new stainless appliances
- Forced air and baseboard heating; roof is composition
Local 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 | $33.1k | $24.60 |
| − Vacancy | −$1.7k | −$1.25 |
| EGI | $31.4k | $23.35 |
| − OpEx | −$14.1k | −$10.51 |
| NOI | $17.3k | $12.84 |
1,344 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Newly updated duplex with modern finishes, including luxury vinyl floors 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 in downtown Oregon City with R‑3.5 zoning; Newer interior updates include luxury vinyl floors, new cabinets, quartz counters, and new stainless appliances; Forced air and baseboard heating; roof is composition
