Tri-Plex Residential Income
128 Randall St Oregon City, OR 97045
New
128 Randall St, Oregon City, OR, 97045
$1,549,850
For Sale
$1,549,850
MULTI_FAMILY - OregonCity, OR
Property Size5,446 SF
Price / SF$284.59
Days on Market1
Property Features for 128 Randall St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- res
- Bedrooms
- 9
- Bathrooms
- 9
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 9, Bathroom 5, Bathroom 8, Bedroom 5, Bathroom 9, Bedroom 7, Bathroom 1, Bedroom 8, Bathroom 6, Bedroom 2, Bathroom 3, Bedroom 6, Bathroom 7, Bathroom 4, Bedroom 4, Bedroom 1
- Standard status
- Active
- APN
- New Construction
- Size
- 5,446 SF
Taxes and HOA fees
- Tax Description
- Chapin Meadows Trip Plex (temporary legal description)
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Composition
Listing Agency
John L. Scott
(503) 936-0332
1800 NW 167th Pl Ste 100, Beaverton, OR
Listed by
Megan Talalemotu · License #961000122
(503) 936-0332
Added: Jul 17 Checked: Jul 17 at 6:06 pm
MLS# 650499280
Listing URL
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.
Brand new tri-plex style residential property in Oregon City is being offered as vacant and move-in ready, with no rental history. The homes are currently going through a middle housing land division partition, and future addresses are expected to be 128, 132, and 136 Randall Street. The current offering is described as never been rented, and buyer offers are subject to the recording of the middle housing land use.
According to the listing remarks, the homes include ample parking, garages, and fully fenced yards, along with “beautiful finishes and features throughout” intended to support low maintenance and high efficiency living. Photos of other units are referenced under RMLS 774926192 and 191057082.
Rents, actual and net income, and operating expenses are described as estimated per a proforma provided by the builder, since the units have never been rented. Taxes are noted as not yet assessed, and buyers are encouraged to perform their own due diligence and review the full report with the agent.
According to the listing remarks, the homes include ample parking, garages, and fully fenced yards, along with “beautiful finishes and features throughout” intended to support low maintenance and high efficiency living. Photos of other units are referenced under RMLS 774926192 and 191057082.
Rents, actual and net income, and operating expenses are described as estimated per a proforma provided by the builder, since the units have never been rented. Taxes are noted as not yet assessed, and buyers are encouraged to perform their own due diligence and review the full report with the agent.
Key Highlights
- Brand new tri‑plex style homes in Oregon City by JT Smith Co (Year built: 2026), vacant and move‑in ready
- No HOA reported; units have never been rented
- Forced air heating with central air cooling; composition roof
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 | $134.0k | $24.60 |
| − Vacancy | −$6.8k | −$1.25 |
| EGI | $127.1k | $23.35 |
| − OpEx | −$57.2k | −$10.51 |
| NOI | $69.9k | $12.84 |
5,446 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$998.9K
$874.1K – $1.17M
NOI $69,926 @ 7.0% cap · market cap 4.51%
Second Best
Multifamily LT 5
$977.3K
$855.1K – $1.14M
NOI $68,408 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,901 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Vacant, never-rented tri-plex style homes on Randall St, each with garages and fully fenced yards.
Where is this triplex located?
The property is located at 128 Randall St Oregon City, OR.
What is the asking price?
The asking price for this property is $1,549,850.
What are key features of this property?
This property features: Brand new tri‑plex style homes in Oregon City by JT Smith Co (Year built: 2026), vacant and move‑in ready; No HOA reported; units have never been rented; Forced air heating with central air cooling; composition roof
