Four-Unit Property Under
For Sale
$675,000
2325 5th Ave, West Linn, OR 97068
Approved plans and installed utilities support completion of a four-unit residential project.
Property Size4,063 SF
Price / SF$166.13
Days on Market51
Property Features for 2325 5th Ave
General Information
Standard status
Active
Size
4,063 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Amenities
detached garage with storage
RV parking
RV hookup
Building Details
Year Built
1910
Listing Agency:
Matin Real Estate
Listed By:
Leona Mullen
(971) 712-6959
Source:
Handrisrealty
Added: Sep 3
Changed: Oct 21
Last Checked: Oct 20 at 9:34PM
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 Matin Real Estate
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Investment Insights
Based on property information with market context.
This 4,063-square-foot quadplex is being completed as four separate two-bedroom units. County plans and permits have been approved, while plumbing and electrical systems are already installed. The property also includes a detached garage with additional storage, designated RV parking, and an RV hookup.
Built in 1910, the property is located in West Linn’s Willamette area at 2325 5th Ave. Parks, riverfront recreation, shopping, dining, and Historic Willamette are identified nearby. The project remains under construction and allows the finished layout and improvements to be completed within the approved plans.
Built in 1910, the property is located in West Linn’s Willamette area at 2325 5th Ave. Parks, riverfront recreation, shopping, dining, and Historic Willamette are identified nearby. The project remains under construction and allows the finished layout and improvements to be completed within the approved plans.
Key Highlights
- Four separate 2‑bedroom units within a 4,063‑square‑foot quadplex
- County plans and permits approved
- Plumbing and electrical systems already installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,169
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,043,380
$1.0M
Cap Rate 7%
$745,271
$745.3K
Cap Rate 9%
$579,656
$579.7K
Market Conditions
NOI Build-Up for 4,063 SF
Gross rent
$99.9K $24.60/SF
− Vacancy
−$5.1K −$1.25/SF
EGI
$94.9K $23.35/SF
− OpEx
−$42.7K −$10.51/SF
NOI
$52.2K $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%
$1,043,380
Cap Rate 7%
$745,271
Cap Rate 9%
$579,656
Alternative Uses
Best Use
Apartment 5plus
$745.3K
$652.1K – $869.5K
NOI $52,169 @ 7.0% cap · market cap 7.73%
Second Best
Multifamily LT 5
$729.1K
$638.0K – $850.6K
NOI $51,036 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$1.10M
$959.6K – $1.28M
NOI $76,769 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Approved plans and installed utilities support completion of a four-unit residential project.
Where is this quadplex located?
The property is located at 2325 5th Ave West Linn, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four separate 2‑bedroom units within a 4,063‑square‑foot quadplex; County plans and permits approved; Plumbing and electrical systems already installed
