5-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 2, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 8, Bedroom 4, Bedroom 9, Bathroom 1, Bedroom 1, Bathroom 6, Bedroom 5, Bedroom 7
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
hot tub
commercial kitchen
game room
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 17
Last Checked: Oct 18 at 9:06PM
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 short-term rental property contains five units and is furnished. The layout includes a private sleeping room adjoining Unit 1’s living room, plus a 1,150-square-foot great and game room beside that unit. A commercial kitchen and two hot tubs are also on the property.
The entire property is currently rented as a vacation rental. An upper deck offers views of Skibowl. The site covers 0.11 acres, and the building dates to 1998.
The entire property is currently rented as a vacation rental. An upper deck offers views of Skibowl. The site covers 0.11 acres, and the building dates to 1998.
Key Highlights
- 9,800‑square‑foot property with five rental units
- Currently rented in its entirety as a vacation rental
- 1,150‑square‑foot great and game room beside Unit 1
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
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 - Furnished lodging includes a commercial kitchen, two hot tubs, and a separate game room.
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: 9,800‑square‑foot property with five rental units; Currently rented in its entirety as a vacation rental; 1,150‑square‑foot great and game room beside Unit 1
