Updated Condo in
For Sale
$255,000
29700 SW COURTSIDE DR #34, Wilsonville, OR 97070
Recently updated condo with modern amenities in a convenient location.
Property Size964 SF
Price / SF$264.52
Days on Market421
Property Features for 29700 SW COURTSIDE DR #34
General Information
Standard status
Active
Size
964 SF
Property subtype
Condominium
Amenities
Fireplace
Wall Heater
Cooktop
Dishwasher
Disposal
Free-Standing Range
Free-Standing Refrigerator
Microwave
Plumbed For Ice Maker
Quartz
Solid Surface Countertop
Stainless Steel Appliance
Tile
Deck, Patio, Porch, Composition
Building Details
Building Size
964 SF
Year Built
1980
Stories
1
Listing Agency:
KELLER WILLIAMS REALTY PORTLAND PREMIERE
(503) 484-5010
Listed By:
Marc Fox · License #200508221
(503) 484-5010
Source:
Kw
Added: Jun 26, 2025
Changed: Aug 8
Last Checked: May 19 at 10:29PM
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 KELLER WILLIAMS REALTY PORTLAND PREMIERE
Investment Insights
Based on property information with market context.
This updated condo is located in the Wilsonville area. The home features fresh interior and exterior paint, new luxury plank flooring and carpet, and new lighting. The remodeled bathroom includes a custom-tiled shower, quartz counters, and a backlit mirror. The kitchen has been updated with quartz countertops, newly painted cabinets, new hardware, and new appliances, including a free-standing range and refrigerator. The living room includes updated shiplap, an electric fireplace with a custom surround, shelving, and a slider that opens to a private patio. The property includes a deeded parking spot and unmarked parking spaces for guests. Community amenities include a pool and a workout room. The location is near Memorial Park, the public library, restaurants, public transportation, and shopping options. The property is within the West Linn/Wilsonville School District. The Home Owners Association includes sewer, water, and trash services. The property size is 964 square feet.
Key Highlights
- Seller will pay one year of HOA dues.
- Completely updated kitchen featuring quartz countertops, newly painted cabinets, new hardware, and all new appliances.**
- Remodeled bathroom with custom‑tiled shower, quartz counters, and backlit mirror.**
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
$12,378
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
4.85%
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%
$247,560
$247.6K
Cap Rate 7%
$176,829
$176.8K
Cap Rate 9%
$137,533
$137.5K
Market Conditions
NOI Build-Up for 964 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
$23.7K $24.60/SF
− Vacancy
−$1.2K −$1.25/SF
EGI
$22.5K $23.35/SF
− OpEx
−$10.1K −$10.51/SF
NOI
$12.4K $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%
$247,560
Cap Rate 7%
$176,829
Cap Rate 9%
$137,533
Alternative Uses
Best Use
Apartment 5plus
$176.8K
$154.7K – $206.3K
NOI $12,378 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.2K
$227.7K – $303.6K
NOI $18,215 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 97070, OR
26,443
Population
11,275
Households
2.3
Avg Household Size
39
Median Age
47%
College-Educated
96%
High-School Grad
17.8 sq mi
ZIP Area
1,486
Density / Sq Mi
$89,953
Median Household Income
$48,596
Median Earnings
$1,842
Median Rent
$601,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently updated condo with modern amenities in a convenient location.
Where is this apartment building located?
The property is located at 29700 SW COURTSIDE DR #34 Wilsonville, OR.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Seller will pay one year of HOA dues.; Completely updated kitchen featuring quartz countertops, newly painted cabinets, new hardware, and all new appliances.**; Remodeled bathroom with custom‑tiled shower, quartz counters, and backlit mirror.**
