Building Details

Building Size 964 SF

Year Built 1980

Stories 1

Listing Agency: Keller Williams Realty Portland Premiere

Listed By: Marc Fox · License #200508221 Show Phone

Source: Kw

Added: Jun 26, 2025 Changed: Aug 8 Last Checked: May 19 at 10:29PM

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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 / Yr

$12,378

Cap Rate

4.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$247,560 $247.6K

Cap Rate 7%

$176,829 $176.8K

Cap Rate 9%

$137,533 $137.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 964 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $18,215 @ 7.0% cap · market cap 7.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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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.**