8-Unit Apartment
For Sale
$2,500,000
1426 Village Park Pl, West Linn, OR 97068
Eight homes include fenced outdoor areas, dedicated laundry rooms, and covered carport parking.
Property Size9,084 SF
Price / SF$275.21
Days on Market11
Property Features for 1426 Village Park Pl
General Information
Standard status
Active
Size
9,084 SF
Property subtype
Multi Family Home
Zoning
R2.1
Units
Unit Mix
8 x 3BR/1BA
Multifamily Units
8
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$17,531
Amenities
private fenced yards
dedicated laundry room
individual storage
covered carport parking
open-concept living with vaulted ceilings
in-unit laundry
Building Details
Building Size
9,084 SF
Year Built
1976
Buildings
2
Stories
1
Units
8
Listing Agency:
eXp Realty, LLC
Listed By:
John Tae · License #201209617
(503) 320-4554
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 29 at 7:41PM
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
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Investment Insights
Based on property information with market context.
This 8-unit apartment property consists of two fourplexes, with eight single-level residences. Each unit has 3 bedrooms, 1 bathroom, and approximately 1,135 square feet, along with a private fenced yard, laundry room, and individual storage. Interior features include vaulted ceilings, an open living arrangement, granite kitchen countertops, stainless steel appliances, and heat pump heating and cooling. The property was built in 1976 and is zoned R2.1.
The property is in West Linn’s Willamette neighborhood, near Historic Old Town Willamette, Mary S. Young Park, the Willamette River, local dining and shopping, and West Linn-Wilsonville schools. Access to I-205 and Highway 43 connects the area with Oregon City, Lake Oswego, and Portland.
The property is in West Linn’s Willamette neighborhood, near Historic Old Town Willamette, Mary S. Young Park, the Willamette River, local dining and shopping, and West Linn-Wilsonville schools. Access to I-205 and Highway 43 connects the area with Oregon City, Lake Oswego, and Portland.
Key Highlights
- Eight apartment units across two fourplexes
- Each residence has 3 bedrooms, 1 bathroom, and approximately 1,135 square feet
- Single‑level units include fenced yards, laundry rooms, and individual storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,638
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,332,760
$2.3M
Cap Rate 7%
$1,666,257
$1.7M
Cap Rate 9%
$1,295,978
$1.3M
Market Conditions
NOI Build-Up for 9,084 SF
Gross rent
$223.5K $24.60/SF
− Vacancy
−$11.4K −$1.25/SF
EGI
$212.1K $23.35/SF
− OpEx
−$95.4K −$10.51/SF
NOI
$116.6K $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%
$2,332,760
Cap Rate 7%
$1,666,257
Cap Rate 9%
$1,295,978
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.94M
NOI $116,638 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,640 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight homes include fenced outdoor areas, dedicated laundry rooms, and covered carport parking.
Where is this apartment building 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 $2,500,000.
What are key features of this property?
This property features: Eight apartment units across two fourplexes; Each residence has 3 bedrooms, 1 bathroom, and approximately 1,135 square feet; Single‑level units include fenced yards, laundry rooms, and individual storage
