Two-Home Duplex
For Sale
$700,000
320 HIGH St, Oregon City, OR 97045
MultiFamily, OregonCity, OR
Property Size2,852 SF
Price / SF$245.44
Days on Market95
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
Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4
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
Additional Details
Tenant in Place
Yes
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
Buildings
2
Listing Agency:
Soldera Properties, Inc
(503) 334-1515
Listed By:
Nash Barinaga · License #950600156
(503) 816-8073
Added: Jul 30
Changed: Oct 23
Last Checked: Nov 1 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
This duplex property comprises two homes on a single tax lot, with 2,852 square feet of total property size. Built in 1940, the asset has received numerous upgrades and includes forced-air heating and a composition roof. Both residences are occupied by long-term tenants. The smaller home provides 2 bedrooms, 1 bathroom, and approximately 900 square feet, while the second residence is larger.
The property is located at 320 HIGH St in Oregon City, near shopping, parks, restaurants, bars, food carts, schools, downtown amenities, and freeway access. Residential zoning is identified as Resid.
The property is located at 320 HIGH St in Oregon City, near shopping, parks, restaurants, bars, food carts, schools, downtown amenities, and freeway access. Residential zoning is identified as Resid.
Key Highlights
- Two homes situated on one tax lot
- 2,852 square feet of total property size
- Smaller home includes 2 bedrooms, 1 bathroom, and approximately 900 square feet
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
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
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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
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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?
Duplex - Two occupied residences share one tax lot near historic downtown Oregon City.
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 situated on one tax lot; 2,852 square feet of total property size; Smaller home includes 2 bedrooms, 1 bathroom, and approximately 900 square feet
