715 S MCLOUGHLIN BLVD, Oregon City, OR 97045
Fully leased two-unit duplex with interior upgrades, a finished basement, and Willamette River views.
- Added:
- Jun 1, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 6 at 2:35 am
Property Features for 715 S MCLOUGHLIN BLVD
General Information
- Standard status
- Active
- Size
- 1,980 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agent Darryl Bodle License #199910100
Listing office Keller Williams Realty Portland Premiere (503) 597-2444
Listing date Jun 1, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere
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.
- Unit B: complete rehab with new kitchen and bathroom, plumbing updates, heating, and fresh interior paint.
- Finished basement includes a full bathroom, washer/dryer area, utility improvements, and a water heater (flexible storage/potential use subject to due diligence).
- Views toward the Willamette River and close proximity to downtown Oregon City and Canemah, plus access to Hwy 99E and I‑205.
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oregon City
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.6249061
- Latitude
- 45.3466891