308 HIGH ST, Oregon City, OR 97045
Three-unit property across from a park with recent exterior and interior improvements for rental-ready occupancy.
- Added:
- May 31, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 6 at 3:37 am
Property Features for 308 HIGH ST
General Information
- Standard status
- Active
- Size
- 3,174 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1905
Listing agent Darryl Bodle License #199910100
Listing office Keller Williams Realty Portland Premiere (503) 597-2444
Listing date May 31, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere
HighLights
- Three‑unit multifamily built in 1905, configured with one unit on each level
- Exterior improvements in 2025: roof, siding, gutters, kitchen porch and porch roof, dormer repairs, select windows, porch rail and fencing repairs
- Interior updates include kitchen cabinet and appliance updates, lighting fixtures, bathroom updates, fresh paint, and heating and plumbing repairs as needed
- Basement utility area improved with updated electrical panels, furnaces, and water heaters
- Property is across from Promenade Park with views toward historic downtown Oregon City and Willamette Falls
- Street parking; buyer to verify all property details, unit configuration, rents, expenses, square footage, zoning, and legal use
Overview
The property is located at 308 High St in Oregon City, positioned across from Promenade Park. The setting provides views toward historic downtown Oregon City and Willamette Falls. The area offers walkable access to downtown Oregon City and Main Street shops, coffee, restaurants, pubs, river viewpoints, and Willamette Falls views, as well as nearby outdoor spaces including Clackamette Park and Canemah, plus access to Providence Willamette Falls Medical Center, Clackamas Community College, and commuter routes. Street parking is available.
For buyers seeking an income-oriented residential property, the current configuration and recent renovations support a straightforward rental layout with demonstrated attention to core systems and building envelope. Buyer to verify unit configuration, rents, expenses, square footage, zoning, legal use, and future potential.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.1k | $24.60 |
| − Vacancy | −$4.0k | −$1.25 |
| EGI | $74.1k | $23.35 |
| − OpEx | −$33.3k | −$10.51 |
| NOI | $40.8k | $12.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oregon City
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.6092687
- Latitude
- 45.3543477
