Two-Home Multifamily
For Sale
$700,000
320 High St, Oregon City, OR 97045
Separate homes share one tax lot and are occupied by long-term tenants.
Property Size2,852 SF
Price / SF$245.44
Days on Market67
Property Features for 320 High St
General Information
Standard status
Active
Size
2,852 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1940
Buildings
2
Listing Agency:
Soldera Properties, Inc
Listed By:
Nash Barinaga · License #950600156
(503) 334-1515
Source:
Rosecityrealtygroup
Added: Aug 14
Changed: Oct 5
Last Checked: Oct 7 at 1:22PM
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 Soldera Properties, Inc
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Investment Insights
Based on property information with market context.
This multifamily property includes two homes on a single tax lot at 320 High St in Oregon City. Built in 1940, the property has 2,852 square feet and has received multiple upgrades. Both residences are occupied by long-term tenants. The smaller home contains 2 bedrooms and 1 bath across approximately 900 square feet. The property is positioned near downtown Oregon City, with shopping, parks, restaurants, bars, food carts, schools, and freeways in the surrounding area.
Key Highlights
- Two homes located on one tax lot at 320 High St, Oregon City, OR 97045
- 2,852‑square‑foot multifamily property built in 1940
- Both homes are occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,620
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,400
$732.4K
Cap Rate 7%
$523,143
$523.1K
Cap Rate 9%
$406,889
$406.9K
Market Conditions
NOI Build-Up for 2,852 SF
Gross rent
$70.2K $24.60/SF
− Vacancy
−$3.6K −$1.25/SF
EGI
$66.6K $23.35/SF
− OpEx
−$30.0K −$10.51/SF
NOI
$36.6K $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%
$732,400
Cap Rate 7%
$523,143
Cap Rate 9%
$406,889
Alternative Uses
Best Use
Apartment 5plus
$523.1K
$457.8K – $610.3K
NOI $36,620 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.8K
$673.6K – $898.1K
NOI $53,888 @ 7.0% cap · market cap 7.70%
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
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
Explore this area
Business Placement
Demographics for 97045, OR
57,403
Population
21,702
Households
2.6
Avg Household Size
41
Median Age
33%
College-Educated
95%
High-School Grad
86.8 sq mi
ZIP Area
661
Density / Sq Mi
$100,388
Median Household Income
$49,342
Median Earnings
$1,600
Median Rent
$563,600
Median Home Value
Check the figures for this property
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?
Multifamily property - Separate homes share one tax lot and are occupied by long-term tenants.
Where is this multifamily property located?
The property is located at 320 High St Oregon City, OR.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two homes located on one tax lot at 320 High St, Oregon City, OR 97045; 2,852‑square‑foot multifamily property built in 1940; Both homes are occupied by long‑term tenants
