Triplex with Mountain
2088 OAK St West Linn, OR 97068
For Sale
$1,000,000
MULTI_FAMILY - WestLinn, OR
Property Size3,154 SF
Lot Size0.23 Acres
Price / SF$317.06
Days on Market168
Property Features for 2088 OAK St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4.5
Bedrooms
8
Bathrooms
5
Rooms
Bathroom 4, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 5, Bedroom 8, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 7
Standard status
Active
APN
00411165
Size
3,154 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
36 WEST SIDE ADD OREG CITY LTS 10 & 11 BLK 3
Tax Annual Amount
5796
Utilities
Heating system
Baseboard
Building Details
Year built
1948
Floors in Building
2
Number of units
3
Roof type
Metal
Listing Agency:
Premiere Property Group, LLC
(503) 670-9000
Listed By:
John McPherson · License #201213231
(503) 406-1776
Added: Feb 9
Changed: Jul 9
Last Checked: Jul 27 at 6:06PM
MLS# 537824585
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 property is configured as a triplex on a large corner lot with hillside views over the Willamette River, including Mount Hood. The lower level includes one unit with a walk-out sliding glass door entrance to the side yard, back yard, and a covered patio, along with a carport and attached storage. The second floor contains a 2-bedroom, 1-bath unit with views to the east and southeast toward Mount Hood. The third unit is partially located on the second floor and also includes an upstairs suite with additional views.
Zoned R4.5, the listing is carried as single-family residential in the RMLS (# 566910697). The property also offers plenty of off-street parking to support multi-unit living.
The unit configuration supports several lifestyle and ownership approaches, including occupying one portion while renting the others, or using the home more like a multi-generational setup. Buyers seeking flexibility may also consider reconversion back to a single-family home, as described in the listing, with the property’s layout lending itself to different living arrangements.
Zoned R4.5, the listing is carried as single-family residential in the RMLS (# 566910697). The property also offers plenty of off-street parking to support multi-unit living.
The unit configuration supports several lifestyle and ownership approaches, including occupying one portion while renting the others, or using the home more like a multi-generational setup. Buyers seeking flexibility may also consider reconversion back to a single-family home, as described in the listing, with the property’s layout lending itself to different living arrangements.
Key Highlights
- Triplex on a large corner lot in the hills overlooking the Willamette River with views of Mount Hood.
- Year built 1948 with metal roof and baseboard heating.
- Ground‑floor unit includes a walk‑out sliding glass door to the side yard, back yard, and covered patio.
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 | $77.6k | $24.60 |
| − Vacancy | −$4.0k | −$1.25 |
| EGI | $73.6k | $23.35 |
| − OpEx | −$33.1k | −$10.51 |
| NOI | $40.5k | $12.84 |
3,154 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$578.5K
$506.2K – $675.0K
NOI $40,497 @ 7.0% cap · market cap 4.05%
Second Best
Multifamily LT 5
$566.0K
$495.2K – $660.3K
NOI $39,618 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$851.3K
$744.9K – $993.2K
NOI $59,594 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Corner-lot triplex with multiple living levels, off-street parking, and mountain views for flexible ownership options.
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 $1,000,000.
What are key features of this property?
This property features: Triplex on a large corner lot in the hills overlooking the Willamette River with views of Mount Hood.; Year built 1948 with metal roof and baseboard heating.; Ground‑floor unit includes a walk‑out sliding glass door to the side yard, back yard, and covered patio.
