West Linn Double
1426 Village Park Pl West Linn, OR 97068
New
For Sale
$2,600,000
MULTI_FAMILY - WestLinn, OR
Property Size9,084 SF
Price / SF$286.22
Days on Market2
Property Features for 1426 Village Park Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2.1
- Bedrooms
- 24
- Bathrooms
- 8
- Rooms
- Bathroom 2, Bedroom 10, Bedroom 16, Bedroom 14, Bedroom 15, Bedroom 17, Bedroom 8, Bedroom 20, Bedroom 6, Bedroom 9, Bedroom 21, Bathroom 3, Bedroom 7, Bathroom 6, Bedroom 13, Bedroom 4, Bedroom 2, Bedroom 24, Bathroom 8, Bedroom 11, Bedroom 22, Bathroom 5, Bathroom 7, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 23, Bedroom 18, Bedroom 19, Bedroom 5, Bedroom 1, Bedroom 12
- Standard status
- Active
- APN
- 00407072
- Size
- 9,084 SF
Taxes and HOA fees
- Tax Description
- SECTION 35 TOWNSHIP2S RANGE 1E QUARTER BC TAXLOT 02000
- Tax Annual Amount
- 17531
Utilities
- Cooling system
- Heat Pump
- Water front
- 1
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 36
- Roof type
- Composition
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
John Tae · License #201209617
(503) 320-4554
Added: Jul 23
Last Checked: Jul 24 at 12:06AM
MLS# 665597534
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 offering includes a West Linn double fourplex with a total of eight single-level apartment units. Each unit is configured as a 3-bedroom, 1-bath home with approximately 1,135 square feet and includes private fenced yard space. Residents also benefit from a dedicated laundry area, individual storage, and covered carport parking. Units are described as featuring open-concept living with vaulted ceilings, and heat pump heating and cooling.
The property is located at 1426 Village Park Pl in West Linn, Oregon, within R2.1 zoning. The public remarks indicate proximity to Historic Old Town Willamette, Mary S. Young Park, local dining and shopping, and the Willamette River, with convenient access to I-205, Highway 43, Oregon City, Lake Oswego, and Portland.
Buyer due diligence is required, including review of financials and future rental performance, and the seller notes the opportunity to purchase both fourplexes as an eight-unit portfolio.
The property is located at 1426 Village Park Pl in West Linn, Oregon, within R2.1 zoning. The public remarks indicate proximity to Historic Old Town Willamette, Mary S. Young Park, local dining and shopping, and the Willamette River, with convenient access to I-205, Highway 43, Oregon City, Lake Oswego, and Portland.
Buyer due diligence is required, including review of financials and future rental performance, and the seller notes the opportunity to purchase both fourplexes as an eight-unit portfolio.
Key Highlights
- West Linn double fourplex with 8 total units (2 fourplexes)
- Single‑level units with 3 bedrooms and 1 bathroom; approx. 1,135 SF each
- Heat pump heating and cooling and composition roof; built in 1976
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 | $223.5k | $24.60 |
| − Vacancy | −$11.4k | −$1.25 |
| EGI | $212.1k | $23.35 |
| − OpEx | −$95.4k | −$10.51 |
| NOI | $116.6k | $12.84 |
9,084 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.94M
NOI $116,638 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,640 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Two well-maintained fourplexes totaling eight single-level units in West Linn’s R2.1 zoning.
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 $2,600,000.
What are key features of this property?
This property features: West Linn double fourplex with 8 total units (2 fourplexes); Single‑level units with 3 bedrooms and 1 bathroom; approx. 1,135 SF each; Heat pump heating and cooling and composition roof; built in 1976
