Oregon City Duplex Income
715 S MCLOUGHLIN Blvd, Oregon City, OR 97045
New
MULTI_FAMILY - OregonCity, OR
Property size:
1,980 SFLot size:
0.05 AcresPrice / SF:
$201/SF- Added:
- May 28, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 1 at 3:06 pm
Property Features for 715 S MCLOUGHLIN Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HC
- Bedrooms
- 1
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 00416437
- Size
- 1,980 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Description
- 6 CANEMAH PT LT 5 BLK 4
- Tax Annual Amount
- 4153
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing agent Darryl Bodle License #199910100 (503) 709-4632
Listing office Keller Williams Realty Portland Premiere 7504 SW Bridgeport Rd, Portland, OR (503) 597-2444
Listing date May 28, 2026
MLS# 682816475
Listing URL
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.
HighLights
- Fully leased duplex offering immediate rental income.
- Unit B features updated kitchens and bathrooms, plus recent interior improvements in both units.
- Explore the potential for house hacking - live in one unit and rent out the other.
- Enjoy views toward the Willamette River with ample parking available.
- Conveniently located near downtown Oregon City, Willamette River, parks, shops, restaurants, and transportation (Hwy 99E, I‑205).
- Basement includes a full bathroom, washer/dryer area, and potential for future use.
Overview
This fully leased Oregon City duplex presents an income opportunity with completed interior improvements. The property offers views toward the Willamette River and ample parking. Located near downtown Oregon City and Canemah, it provides future upside potential. The main level includes two units totaling approximately 1,100 square feet, with an additional approximately 880-square-foot basement area, for a total of approximately 1,980 square feet; buyer to verify. Unit A was rehabbed at the time of the seller's purchase with kitchen appliance updates, pantry improvements, plumbing updates as needed, lighting, and fresh interior paint. Unit B received a complete rehab with a new kitchen, bathroom, plumbing, heating, fresh interior paint, and broad interior improvements. The basement includes a full bathroom, a washer-and-dryer area, utility improvements, a water heater, some lighting updates, and flexible storage or potential for future use, subject to due diligence. The property is suitable for an investor seeking a leased two-unit asset with existing rental income, while also offering a possible future owner-occupant path for a buyer who may want to occupy one unit and use the second unit for supplemental rental income, subject to lease timing, lender approval, and buyer due diligence. The location offers tenant-retention appeal with close proximity to the Willamette River, McLoughlin Promenade, Oregon City Municipal Elevator, Willamette Falls viewpoints, Clackamette Park, downtown shops, coffee, breweries, restaurants, transit, Hwy 99E, and I-205 access. Residents can enjoy quick access to riverfront scenery, local dining, everyday services, and commuter routes without sacrificing the character of Oregon City's historic core. The property is located on a lot with a size of 0.05 acres. The property's location, access, views, parking, and nearby amenities helps support long-term rental demand and makes the property easier to position for future tenants.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.7k | $24.60 |
| − Vacancy | −$2.5k | −$1.25 |
| EGI | $46.2k | $23.35 |
| − OpEx | −$20.8k | −$10.51 |
| NOI | $25.4k | $12.84 |
1,980 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Oregon City
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.624886
- Latitude
- 45.346642
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Leased duplex with income, improvements, parking, and future upside.
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 duplex offering immediate rental income.; Unit B features updated kitchens and bathrooms, plus recent interior improvements in both units.; Explore the potential for house hacking - live in one unit and rent out the other.
