Single-Level Duplex with
New
For Sale
$589,900
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
Price / SF$315.29
Days on Market5
Property Features for 555 Hartke Loop
General Information
Standard status
Active
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) 495-3705
Source:
Vieweugenerealestate
Added: Sep 3
Changed: Sep 6
Last Checked: Sep 6 at 2:23PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,024
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.07%
Second Best
Multifamily LT 5
$335.7K
$293.8K – $391.7K
NOI $23,502 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$505.0K
$441.9K – $589.2K
NOI $35,352 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
189
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-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 $589,900.
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
