Two-Unit Vacation Rental
New
For Sale
$1,175,000
89015 E LITTLE Trl, Government Camp, OR 97028
MultiFamily, GovernmentCamp, OR
Property Size3,744 SF
Price / SF$313.84
Days on Market2
Property Features for 89015 E LITTLE Trl
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RTC
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 8, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 9, Bedroom 5
Subdivision
GOVERNMENT CAMP
View
City
Elementary school
Welches
Middle school
Welches
High school
Sandy
Directions
Corner of Little Trail and Olive St.
Standard status
Active
APN
00992448
Size
3,744 SF
Taxes and HOA fees
Tax Description
171 POMPEII PT LTS 7&8 BLK 5
Tax Annual Amount
9629
Legal Description
171 POMPEII PT LTS 7&8 BLK 5
Utilities
Heating system
Zoned, Wood Stove, Wood
Amenities
private sauna
in-unit laundry
covered outdoor decks
detached garage and workshop
Building Details
Year built
1988
Floors in Building
4
Number of units
2
Roof type
Metal
Listing Agency:
Premiere Property Group, LLC
(503) 670-9000
Listed By:
Vincent Onstad · License #200609243
(503) 887-1744
Added: Oct 15
Last Checked: Oct 16 at 2:06PM
MLS# 393862411
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,744-square-foot lodge is configured as two separate vacation rentals, with nine bedrooms and capacity for up to 28 guests. The lower unit spans the first and second floors and includes a full kitchen, sauna, and in-unit laundry. The upper unit occupies the third and fourth floors, with vaulted ceilings and a kitchenette. Recent work includes flooring, interior paint, updated bathrooms, and stainless steel kitchen appliances. Covered decks, an indoor sprinkler system, and a detached garage with workshop are also part of the property.
The property sits on a corner lot in Government Camp and carries RTC zoning. Skibowl and Summit ski areas are walkable; Timberline and Mt. Hood Meadows are within a 15-minute drive. Decks overlook Mt. Hood Skibowl and downtown Government Camp.
The property sits on a corner lot in Government Camp and carries RTC zoning. Skibowl and Summit ski areas are walkable; Timberline and Mt. Hood Meadows are within a 15-minute drive. Decks overlook Mt. Hood Skibowl and downtown Government Camp.
Key Highlights
- Two vacation‑rental units with 9 bedrooms and capacity for up to 28 guests
- 3,744 square feet across four floors
- Lower unit includes a full kitchen, private sauna, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,073
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,460
$961.5K
Cap Rate 7%
$686,757
$686.8K
Cap Rate 9%
$534,144
$534.1K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$92.1K $24.60/SF
− Vacancy
−$4.7K −$1.25/SF
EGI
$87.4K $23.35/SF
− OpEx
−$39.3K −$10.51/SF
NOI
$48.1K $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%
$961,460
Cap Rate 7%
$686,757
Cap Rate 9%
$534,144
Alternative Uses
Best Use
Apartment 5plus
$686.8K
$600.9K – $801.2K
NOI $48,073 @ 7.0% cap · market cap 4.09%
Second Best
Multifamily LT 5
$671.8K
$587.9K – $783.8K
NOI $47,029 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.01M
$884.3K – $1.18M
NOI $70,742 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 97028, OR
230
Population
614
Households
0.4
Avg Household Size
38
Median Age
63%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
6
Density / Sq Mi
$77,119
Median Household Income
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - Two independent guest units offer kitchens, multiple bedrooms, and separate living areas across a four-level lodge.
Where is this short term rental property located?
The property is located at 89015 E LITTLE Trl Government Camp, OR.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Two vacation‑rental units with 9 bedrooms and capacity for up to 28 guests; 3,744 square feet across four floors; Lower unit includes a full kitchen, private sauna, and in‑unit laundry
