Single-Level Duplex with
For Sale
$549,900
Pending
555 Hartke Loop, Oregon City, OR 97045
Two-bedroom, two-bath units offer bonus office space, additional parking, and mostly fenced back yards.
Property Size1,871 SF
Days on Market55
Property Features for 555 Hartke Loop
General Information
Standard status
Pending
Size
1,871 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
garages
fenced back yards
Building Details
Year Built
1974
Buildings
1
Stories
1
Listing Agency:
RE/MAX Equity Group
Listed By:
Cathy Cover · License #850400224
(503) 706-8468
Source:
Vieweugenerealestate
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 26 at 4:47PM
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 RE/MAX Equity Group
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Investment Insights
Based on property information with market context.
This one-level duplex includes two 2-bedroom, 2-bath units with garages and additional parking. The property contains 1,871 square feet and was built in 1974. One unit also has a bonus room currently used as an office, providing flexible interior space. Mostly fenced back yards add private outdoor areas for the units.
Located at 555 Hartke Loop in Oregon City, the property sits across the street from Hartke Park. The duplex is positioned within a residential neighborhood and offers a practical configuration for an owner-user or rental property owner.
Located at 555 Hartke Loop in Oregon City, the property sits across the street from Hartke Park. The duplex is positioned within a residential neighborhood and offers a practical configuration for an owner-user or rental property owner.
Key Highlights
- Two 2‑bedroom, 2‑bath units
- 1,871 square feet on one level
- Garages plus additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,024
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,480
$480.5K
Cap Rate 7%
$343,200
$343.2K
Cap Rate 9%
$266,933
$266.9K
Market Conditions
NOI Build-Up for 1,871 SF
Gross rent
$46.0K $24.60/SF
− Vacancy
−$2.3K −$1.25/SF
EGI
$43.7K $23.35/SF
− OpEx
−$19.7K −$10.51/SF
NOI
$24.0K $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%
$480,480
Cap Rate 7%
$343,200
Cap Rate 9%
$266,933
Alternative Uses
Best Use
Apartment 5plus
$343.2K
$300.3K – $400.4K
NOI $24,024 @ 7.0% cap · market cap 4.37%
Second Best
Multifamily LT 5
$335.7K
$293.8K – $391.7K
NOI $23,502 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$505.0K
$441.9K – $589.2K
NOI $35,352 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
189
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, two-bath units offer bonus office space, additional parking, and mostly fenced back yards.
Where is this duplex located?
The property is located at 555 Hartke Loop Oregon City, OR.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath units; 1,871 square feet on one level; Garages plus additional parking
