Five-Unit Short-Term Rental
New
For Sale
$2,600,000
30544 E OLIVE St, Government Camp, OR 97028
MultiFamily, GovernmentCamp, OR
Property Size9,800 SF
Lot Size0.11 Acres
Price / SF$265.31
Days on Market3
Property Features for 30544 E OLIVE St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RTC
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 5, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 9, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 7, Bedroom 3, Bedroom 1, Bathroom 4
View
Territorial
Elementary school
Welches
Middle school
Welches
High school
Sandy
Directions
Government Camp Loop to Olive
Subdivision
_153
Standard status
Active
APN
01589052
Size
9,800 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
171 POMPEII PT LTS 7&8 BLK 5
Tax Annual Amount
19801
Legal Description
171 POMPEII PT LTS 7&8 BLK 5
Utilities
Heating system
Forced Air
Cooling system
Heat Pump
Amenities
commercial kitchen
hot tubs
game room
deck
Building Details
Year built
1998
Floors in Building
4
Number of units
1
Roof type
Metal
Listing Agency:
Oregon First
(503) 667-5686
Listed By:
Adam Durham
(503) 349-2204
Added: Oct 16
Changed: Oct 18
Last Checked: Oct 18 at 10:06PM
MLS# 544242284
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.
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Investment Insights
Based on property information with market context.
This 9,800-square-foot lodge in downtown Government Camp contains five separate units and is currently rented as a vacation property. Unit 1 has an additional private sleeping room off its living area, with a 1,150-square-foot great and game room nearby. The property also includes a commercial kitchen and two hot tubs. Built in 1998, it sits on a 0.11-acre lot and has RTC zoning.
The upper deck looks toward Skibowl. Ski Bowl is within walking distance, while Timberline and Meadows are reachable by the routes described for the property. The units may be rented together or separately, offering more than one booking configuration.
The upper deck looks toward Skibowl. Ski Bowl is within walking distance, while Timberline and Meadows are reachable by the routes described for the property. The units may be rented together or separately, offering more than one booking configuration.
Key Highlights
- Five separate units in a 9,800‑square‑foot lodge
- 1,150‑square‑foot great and game room adjacent to Unit 1
- Commercial kitchen and two hot tubs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,832
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,516,640
$2.5M
Cap Rate 7%
$1,797,600
$1.8M
Cap Rate 9%
$1,398,133
$1.4M
Market Conditions
NOI Build-Up for 9,800 SF
Gross rent
$241.1K $24.60/SF
− Vacancy
−$12.3K −$1.25/SF
EGI
$228.8K $23.35/SF
− OpEx
−$103.0K −$10.51/SF
NOI
$125.8K $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%
$2,516,640
Cap Rate 7%
$1,797,600
Cap Rate 9%
$1,398,133
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,832 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.31M – $3.09M
NOI $185,168 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
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Business Placement
Demographics for 97028, OR
230
Population
614
Households
0.4
Avg Household Size
38
Median Age
63%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
6
Density / Sq Mi
$77,119
Median Household Income
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - The layout supports bookings for the full lodge or stays in individual units.
Where is this short term rental property located?
The property is located at 30544 E OLIVE St Government Camp, OR.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Five separate units in a 9,800‑square‑foot lodge; 1,150‑square‑foot great and game room adjacent to Unit 1; Commercial kitchen and two hot tubs
