Fourplex with Private
For Sale
$1,250,000
1436 VILLAGE PARK PL, West Linn, OR 97068
Four single-level residences offer three bedrooms, carport parking, dedicated laundry rooms, and open-concept living areas.
Property Size4,542 SF
Days on Market57
Property Features for 1436 VILLAGE PARK PL
General Information
Standard status
Active
Size
4,542 SF
Property subtype
MULTI_FAMILY
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,751
Building Details
Building Size
4,542 SF
Year Built
1976
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
Listed By:
John Tae · License #201209617
(503) 320-4554
Source:
Eleeterealestate
Added: Jul 23
Changed: Sep 15
Last Checked: Sep 17 at 12:50AM
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 fourplex includes four single-level units, each with 3 bedrooms, 1 bathroom, and approximately 1,135 square feet. The residences feature open-concept living areas with vaulted ceilings, granite kitchen countertops, stainless steel appliances, heat pump heating and cooling, durable flooring, private fenced yards, dedicated laundry rooms, individual storage, and covered carport parking.
The property is located at 1436 Village Park Pl in West Linn’s Willamette neighborhood, 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.
An adjacent fourplex is also available for purchase, offering an eight-unit acquisition opportunity. Buyer to perform all due diligence regarding financials and future rental performance.
The property is located at 1436 Village Park Pl in West Linn’s Willamette neighborhood, 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.
An adjacent fourplex is also available for purchase, offering an eight-unit acquisition opportunity. Buyer to perform all due diligence regarding financials and future rental performance.
Key Highlights
- Four units, each with 3 bedrooms, 1 bathroom, and approximately 1,135 square feet
- Single‑level layouts with vaulted ceilings and open‑concept living areas
- Private fenced yards, individual storage, dedicated laundry rooms, and covered carport parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,319
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,166,380
$1.2M
Cap Rate 7%
$833,129
$833.1K
Cap Rate 9%
$647,989
$648.0K
Market Conditions
NOI Build-Up for 4,542 SF
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.
Gross rent
$111.7K $24.60/SF
− Vacancy
−$5.7K −$1.25/SF
EGI
$106.0K $23.35/SF
− OpEx
−$47.7K −$10.51/SF
NOI
$58.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,166,380
Cap Rate 7%
$833,129
Cap Rate 9%
$647,989
Alternative Uses
Best Use
Apartment 5plus
$833.1K
$729.0K – $972.0K
NOI $58,319 @ 7.0% cap · market cap 4.67%
Second Best
Multifamily LT 5
$815.0K
$713.2K – $950.9K
NOI $57,052 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,820 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four single-level residences offer three bedrooms, carport parking, dedicated laundry rooms, and open-concept living areas.
Where is this quadplex located?
The property is located at 1436 VILLAGE PARK PL West Linn, OR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms, 1 bathroom, and approximately 1,135 square feet; Single‑level layouts with vaulted ceilings and open‑concept living areas; Private fenced yards, individual storage, dedicated laundry rooms, and covered carport parking
