8-Unit Multifamily
For Sale
$2,500,000
1426 Village Park Pl, West Linn, OR 97068
MultiFamily, WestLinn, OR
Property Size9,084 SF
Price / SF$275.21
Days on Market93
Property Features for 1426 Village Park Pl
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2.1
Bedrooms
24
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 21, Bedroom 1, Bedroom 3, Bedroom 22, Bathroom 6, Bedroom 8, Bedroom 19, Bedroom 18, Bedroom 11, Bedroom 2, Bathroom 8, Bedroom 14, Bathroom 5, Bedroom 20, Bedroom 4, Bathroom 1, Bedroom 13, Bathroom 7, Bedroom 23, Bathroom 2, Bedroom 24, Bedroom 16, Bedroom 10, Bedroom 5, Bedroom 12, Bedroom 7, Bathroom 4, Bedroom 6, Bedroom 15, Bedroom 17, Bathroom 3, Bedroom 9
Subdivision
WILLAMETTE
Elementary school
Willamette
Middle school
Athey Creek
High school
West Linn
Directions
Debok Rd, E on Village Park Pl
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
Legal Description
SECTION 35 TOWNSHIP2S RANGE 1E QUARTER BC TAXLOT 02000
Utilities
Cooling system
Heat Pump
Water front
1
Amenities
private fenced yards
dedicated laundry room
individual storage
covered carport parking
open-concept living
vaulted ceilings
granite countertops
stainless steel appliances
heat pump heating and cooling
durable flooring
in-unit laundry
Building Details
Year built
1976
Floors in Building
1
Number of units
8
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
John Tae
(503) 320-4554
Added: Jul 23
Changed: Oct 23
Last Checked: Oct 23 at 5:06AM
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.
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Investment Insights
Based on property information with market context.
This multifamily property comprises two fourplexes with eight single-level residences. Each unit has three bedrooms, one bathroom, approximately 1,135 square feet, a dedicated laundry room, individual storage, and a private fenced yard. Interior features include vaulted ceilings, open-concept living areas, granite kitchen countertops, stainless steel appliances, durable flooring, and heat pump heating and cooling. The buildings were constructed in 1976, and the property is zoned R2.1.
At 1426 Village Park Pl in West Linn, the property is near Historic Old Town Willamette, Mary S. Young Park, local dining and shopping, the Willamette River, and West Linn-Wilsonville schools. Access to I-205 and Highway 43 connects the area with Oregon City, Lake Oswego, and Portland.
At 1426 Village Park Pl in West Linn, the property is near Historic Old Town Willamette, Mary S. Young Park, local dining and shopping, the Willamette River, 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 units across two fourplexes
- Each residence offers 3 bedrooms, 1 bathroom, and approximately 1,135 square feet
- Private fenced yards, individual storage, and dedicated laundry rooms
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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Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Eight single-level residences feature private fenced yards, dedicated laundry rooms, and covered carport parking.
Where is this multifamily property 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 units across two fourplexes; Each residence offers 3 bedrooms, 1 bathroom, and approximately 1,135 square feet; Private fenced yards, individual storage, and dedicated laundry rooms
