Duplex on One Tax
New
For Sale
$700,000
320 HIGH St, Oregon City, OR 97045
MULTI_FAMILY - OregonCity, OR
Property Size2,852 SF
Price / SF$245.44
Days on Market4
Property Features for 320 HIGH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Resid
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 1
Subdivision
Historic Oregon City
Elementary school
Holcomb
Middle school
Tumwata
High school
Oregon City
Directions
High St. to the corner of 4th and High St.
Standard status
Active
APN
00573917
Size
2,852 SF
Taxes and HOA fees
Tax Description
2 OREGON CITY PT LT 7&8 BLK 36
Tax Annual Amount
4840
Legal Description
2 OREGON CITY PT LT 7&8 BLK 36
Utilities
Heating system
Forced Air
Building Details
Year built
1940
Floors in Building
3
Number of units
2
Roof type
Composition
Listing Agency:
Soldera Properties, Inc
(503) 334-1515
Listed By:
Nash Barinaga · License #950600156
(503) 816-8073
Added: Jul 30
Changed: Aug 1
Last Checked: Aug 2 at 1:06PM
MLS# 188364473
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.
Investment Insights
Based on property information with market context.
This duplex offers two homes on one tax lot, with both units currently occupied by long-term tenants. The property was originally built in 1940 and is described as well maintained, with numerous upgrades. Forced air heating serves the residences, and the roof is composition.
Located in Historic downtown Oregon City, the property at 320 High St, Oregon City, OR 97045, is positioned near shopping, parks, restaurants, bars, food carts, schools, and freeways. The zoning is listed as Resid.
The total property size is 2,852 SF. The smaller home is described as having 2 bedrooms, 1 bathroom, and approximately 900 SF. The remaining home is also occupied; additional unit-specific interior details are not provided.
Located in Historic downtown Oregon City, the property at 320 High St, Oregon City, OR 97045, is positioned near shopping, parks, restaurants, bars, food carts, schools, and freeways. The zoning is listed as Resid.
The total property size is 2,852 SF. The smaller home is described as having 2 bedrooms, 1 bathroom, and approximately 900 SF. The remaining home is also occupied; additional unit-specific interior details are not provided.
Key Highlights
- Two homes on one tax lot with long‑term tenants currently in place
- Duplex built in 1940 with described upgrades
- 2,852 SF total property size
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 | $70.2k | $24.60 |
| − Vacancy | −$3.6k | −$1.25 |
| EGI | $66.6k | $23.35 |
| − OpEx | −$30.0k | −$10.51 |
| NOI | $36.6k | $12.84 |
2,852 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$523.1K
$457.8K – $610.3K
NOI $36,620 @ 7.0% cap · market cap 5.23%
Second Best
Multifamily LT 5
$511.8K
$447.8K – $597.1K
NOI $35,824 @ 7.0% cap · market cap 5.12%
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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two homes on one tax lot, both occupied by long-term tenants, in a duplex built in 1940.
Where is this duplex 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 on one tax lot with long‑term tenants currently in place; Duplex built in 1940 with described upgrades; 2,852 SF total property size
