Single-Level Duplex with
New
For Sale
$589,900
555 HARTKE Loop, Oregon City, OR 97045
MultiFamily, OregonCity, OR
Property Size1,871 SF
Price / SF$315.29
Days on Market1
Property Features for 555 HARTKE Loop
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3.5
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1
Subdivision
South End
View
Park
Elementary school
John McLoughlin
Middle school
Gardiner
High school
Oregon City
Directions
West on Warner Parrott Rd,R on Birchwood,R on Hazelwood,R0n Hartke Lp
Standard status
Active
APN
00856194
Size
1,871 SF
Taxes and HOA fees
Tax Description
1577 HAZELWOOD PARK NO 4 LT 14 BLK 6
Tax Annual Amount
4919
Legal Description
1577 HAZELWOOD PARK NO 4 LT 14 BLK 6
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
RE/MAX Equity Group · RE/MAX International
(503) 653-0607
Listed By:
Cathy Cover · License #850400224
(503) 706-8468
Added: Sep 4
Last Checked: Sep 4 at 6:06PM
MLS# 339839825
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 single-level duplex contains 1,871 square feet with two separate 2-bedroom, 2-bath units. Each unit includes a garage, additional parking, and a mostly fenced backyard. One residence also has a bonus room currently used as an office, adding flexibility for work or storage needs. The property was built in 1974 and has a composition roof.
Located at 555 HARTKE Loop in Oregon City, the duplex sits directly across from neighborhood Hartke Park. R3.5 zoning supports the property's residential configuration. The combination of two-bedroom layouts, private yard areas, garage parking, and an additional room creates a practical setup for an income-producing duplex.
Located at 555 HARTKE Loop in Oregon City, the duplex sits directly across from neighborhood Hartke Park. R3.5 zoning supports the property's residential configuration. The combination of two-bedroom layouts, private yard areas, garage parking, and an additional room creates a practical setup for an income-producing duplex.
Key Highlights
- 1,871‑square‑foot single‑level duplex
- Two 2‑bedroom, 2‑bath units
- Garages plus additional parking for each unit
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 residential units offer private outdoor areas, garage parking, and a flexible bonus room in one unit.
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: 1,871‑square‑foot single‑level duplex; Two 2‑bedroom, 2‑bath units; Garages plus additional parking for each unit
