Leased Oregon City
For Sale
Contact for pricing
715 S MCLOUGHLIN BLVD, Oregon City, OR 97045
Fully leased two-unit duplex with interior upgrades, a finished basement, and Willamette River views.
Property Size1,980 SF
Price / SF$201.97
Days on Market150
Property Features for 715 S MCLOUGHLIN BLVD
General Information
Standard status
Active
Size
1,980 SF
Class
B
Property subtype
Multifamily
Zoning
HC
Occupancy
100%
Net Operating Income
$17,283
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1900
Year Renovated
2016
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Source:
Crexi
Added: Jun 1
Changed: Oct 25
Last Checked: Oct 28 at 5:28AM
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 Keller Williams Realty Portland Premiere
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Investment Insights
Based on property information with market context.
This leased duplex offers a two-unit income opportunity with completed interior improvements. The main level provides two units totaling approximately 1,100 square feet, plus an additional approximately 880 square feet of basement area for an estimated total of about 1,980 square feet; the buyer should verify. Unit A was rehabbed at the time of the seller’s purchase with kitchen appliance updates, pantry improvements, plumbing updates as needed, updated lighting, and fresh interior paint. Unit B underwent a complete rehab, including a new kitchen and bathroom, plumbing and heating improvements, fresh interior paint, and broad interior updates. The basement features a full bathroom, a washer and dryer area, utility improvements, a water heater, and some lighting updates, along with flexible storage and potential for future use subject to due diligence.
Located on S McLoughlin Blvd in Oregon City, the property is described as having views toward the Willamette River. Nearby amenities and access points cited in the remarks include downtown Oregon City and Canemah, Willamette Falls viewpoints, Clackamette Park, McLoughlin Promenade, local transit, and access to Hwy 99E and I-205.
The asset is well suited to an investor seeking a leased two-unit property with in-place rental income and recent interior upgrades. It may also appeal to an owner-occupant scenario for a buyer interested in potentially occupying one unit and supplementing with the second unit, subject to lease timing, lender approval, and buyer due diligence.
Located on S McLoughlin Blvd in Oregon City, the property is described as having views toward the Willamette River. Nearby amenities and access points cited in the remarks include downtown Oregon City and Canemah, Willamette Falls viewpoints, Clackamette Park, McLoughlin Promenade, local transit, and access to Hwy 99E and I-205.
The asset is well suited to an investor seeking a leased two-unit property with in-place rental income and recent interior upgrades. It may also appeal to an owner-occupant scenario for a buyer interested in potentially occupying one unit and supplementing with the second unit, subject to lease timing, lender approval, and buyer due diligence.
Key Highlights
- Fully leased Oregon City duplex with existing in‑place rental income (2 units).
- Year built 1900; total interior area includes ~1,100 SF on the main level plus ~880 SF basement area (~1,980 SF total, buyer to verify).
- Unit A: rehab at seller’s purchase with kitchen appliance updates, pantry improvements, plumbing updates as needed, lighting, and fresh interior paint.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,423
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,460
$508.5K
Cap Rate 7%
$363,186
$363.2K
Cap Rate 9%
$282,478
$282.5K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$48.7K $24.60/SF
− Vacancy
−$2.5K −$1.25/SF
EGI
$46.2K $23.35/SF
− OpEx
−$20.8K −$10.51/SF
NOI
$25.4K $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%
$508,460
Cap Rate 7%
$363,186
Cap Rate 9%
$282,478
Alternative Uses
Best Use
Apartment 5plus
$363.2K
$317.8K – $423.7K
NOI $25,423 @ 7.0% cap · market cap 6.36%
Second Best
Multifamily LT 5
$355.3K
$310.9K – $414.5K
NOI $24,871 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$534.5K
$467.7K – $623.5K
NOI $37,412 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
114
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 - Fully leased two-unit duplex with interior upgrades, a finished basement, and Willamette River views.
Where is this duplex located?
The property is located at 715 S MCLOUGHLIN BLVD Oregon City, OR.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Fully leased Oregon City duplex with existing in‑place rental income (2 units).; Year built 1900; total interior area includes ~1,100 SF on the main level plus ~880 SF basement area (~1,980 SF total, buyer to verify).; Unit A: rehab at seller’s purchase with kitchen appliance updates, pantry improvements, plumbing updates as needed, lighting, and fresh interior paint.
