Four-Unit Multifamily
For Sale
$1,300,000
1426 Village Park Pl, West Linn, OR 97068
Single-level residences feature private yards, covered parking, storage, and open living areas with vaulted ceilings.
Property Size4,542 SF
Days on Market14
Property Features for 1426 Village Park Pl
General Information
Standard status
Active
Size
4,542 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Zoning
R2.1
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,779
Amenities
private fenced yards
dedicated laundry room
individual storage
covered carport parking
heat pump heating and cooling
vaulted ceilings
Building Details
Building Size
4,542 SF
Year Built
1976
Buildings
1
Stories
1
Units
10
Listing Agency:
eXp Realty, LLC
(503) 320-4554
Listed By:
John Tae · License #201209617
(503) 320-4554
Source:
Metanars
Added: Jul 23
Changed: Aug 4
Last Checked: Aug 5 at 1:29PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1976, this R2.1-zoned multifamily property contains four single-level residences, each with three bedrooms, one bathroom, and approximately 1,135 square feet. The units include open living areas with vaulted ceilings, kitchens equipped with granite countertops and stainless steel appliances, heat pump heating and cooling, durable flooring, private fenced yards, individual storage, covered carport parking, and access to a dedicated laundry room.
The property is located near Historic Old Town Willamette, Mary S. Young Park, local dining and shopping, the Willamette River, and West Linn-Wilsonville schools. Access is convenient to I-205, Highway 43, Oregon City, Lake Oswego, and Portland. The adjacent fourplex is also available for purchase, creating a potential eight-unit acquisition subject to buyer due diligence.
The property is located near Historic Old Town Willamette, Mary S. Young Park, local dining and shopping, the Willamette River, and West Linn-Wilsonville schools. Access is convenient to I-205, Highway 43, Oregon City, Lake Oswego, and Portland. The adjacent fourplex is also available for purchase, creating a potential eight-unit acquisition subject to buyer due diligence.
Key Highlights
- Four residences, each with 3 bedrooms, 1 bathroom, and approximately 1,135 square feet
- R2.1 zoning with four single‑level units
- Private fenced yards, individual storage, and covered carport parking
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 | $111.7k | $24.60 |
| − Vacancy | −$5.7k | −$1.25 |
| EGI | $106.0k | $23.35 |
| − OpEx | −$47.7k | −$10.51 |
| NOI | $58.3k | $12.84 |
4,542 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$833.1K
$729.0K – $972.0K
NOI $58,319 @ 7.0% cap · market cap 4.49%
Second Best
Multifamily LT 5
$815.0K
$713.2K – $950.9K
NOI $57,052 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,820 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 97068, OR
30,712
Population
11,656
Households
2.6
Avg Household Size
43
Median Age
63%
College-Educated
98%
High-School Grad
22.4 sq mi
ZIP Area
1,371
Density / Sq Mi
$145,877
Median Household Income
$65,674
Median Earnings
$1,994
Median Rent
$760,900
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?
Quadplex - Single-level residences feature private yards, covered parking, storage, and open living areas with vaulted ceilings.
Where is this quadplex located?
The property is located at 1426 Village Park Pl West Linn, OR.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four residences, each with 3 bedrooms, 1 bathroom, and approximately 1,135 square feet; R2.1 zoning with four single‑level units; Private fenced yards, individual storage, and covered carport parking
