Triplex with Mountain
For Sale
$950,000
2088 Oak St, West Linn, OR 97068
Three-unit property with flexible living arrangements, outdoor areas, off-street parking, and attached lower-level storage.
Property Size3,154 SF
Price / SF$301.20
Days on Market79
Property Features for 2088 Oak St
General Information
Standard status
Active
Size
3,154 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Amenities
covered patio
carport
off-street parking
Building Details
Year Built
1948
Listing Agency:
Premiere Property Group, LLC
Listed By:
John McPherson · License #201213231
(503) 858-7643
Source:
Foxrealestategroups
Added: Jul 28
Changed: Oct 12
Last Checked: Oct 5 at 10:10PM
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
Built in 1948, this 3,154-square-foot triplex includes three residential units arranged across multiple levels. The ground-floor unit opens through a sliding glass door to the side and rear yards and a covered patio. A second-floor unit offers 2 bedrooms and 1 bathroom, while another portion of the third unit includes an upstairs suite. The property also includes a carport with attached lower-level storage and off-street parking.
Positioned on a corner lot in the hills above the Willamette River, the property has views toward the east and southeast, including Mount Hood. Its layout supports continued triplex use, multigenerational living, owner occupancy with additional units, or conversion back to a single-family residence, as described in the property information. The address is 2088 Oak St, West Linn, OR 97068.
Positioned on a corner lot in the hills above the Willamette River, the property has views toward the east and southeast, including Mount Hood. Its layout supports continued triplex use, multigenerational living, owner occupancy with additional units, or conversion back to a single-family residence, as described in the property information. The address is 2088 Oak St, West Linn, OR 97068.
Key Highlights
- 3,154‑square‑foot triplex built in 1948
- Second‑floor unit includes 2 bedrooms and 1 bathroom
- Views toward the east and southeast, including Mount Hood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,497
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,940
$809.9K
Cap Rate 7%
$578,529
$578.5K
Cap Rate 9%
$449,967
$450.0K
Market Conditions
NOI Build-Up for 3,154 SF
Gross rent
$77.6K $24.60/SF
− Vacancy
−$4.0K −$1.25/SF
EGI
$73.6K $23.35/SF
− OpEx
−$33.1K −$10.51/SF
NOI
$40.5K $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%
$809,940
Cap Rate 7%
$578,529
Cap Rate 9%
$449,967
Alternative Uses
Best Use
Apartment 5plus
$578.5K
$506.2K – $675.0K
NOI $40,497 @ 7.0% cap · market cap 4.26%
Second Best
Multifamily LT 5
$566.0K
$495.2K – $660.3K
NOI $39,618 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$851.3K
$744.9K – $993.2K
NOI $59,594 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
233
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with flexible living arrangements, outdoor areas, off-street parking, and attached lower-level storage.
Where is this triplex located?
The property is located at 2088 Oak St West Linn, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,154‑square‑foot triplex built in 1948; Second‑floor unit includes 2 bedrooms and 1 bathroom; Views toward the east and southeast, including Mount Hood
