Updated
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 Market277
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 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
Subdivision
Downtown Oregon City
View
Territorial, River, City
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
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
Listed By:
Nash Barinaga · License #950600156
(503) 816-8073
Added: Jan 11
Changed: Oct 13
Last Checked: Oct 15 at 12:06PM
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 1920-built duplex contains 1,344 square feet on a 0.09-acre lot. Interior work includes luxury vinyl flooring, new cabinetry, quartz countertops, and stainless steel appliances. Heating is provided by forced-air and baseboard systems, and the roof is composition.
The property is in Oregon City, one-half block from downtown Main Street, where shops and restaurants are located. The site is zoned R-3.5.
The property is in Oregon City, one-half block from downtown Main Street, where shops and restaurants are located. The site is zoned R-3.5.
Key Highlights
- Renovated interior with luxury vinyl flooring, new cabinets, quartz countertops, and stainless steel appliances
- 1,344 square feet of building area
- 0.09‑acre lot
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
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - R-3.5 zoning accompanies a renovated interior with quartz counters, stainless appliances, and luxury vinyl flooring.
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: Renovated interior with luxury vinyl flooring, new cabinets, quartz countertops, and stainless steel appliances; 1,344 square feet of building area; 0.09‑acre lot
