Building Details

Year Built 1985

Listing Agency: Oregon First

Listed By: Adam Durham · License #201221628 Show Phone

Source: Heartandhomesnw

Added: Oct 13 Changed: Oct 31 Last Checked: Nov 1 at 5:59AM

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Investment Insights

Based on property information with market context.

This fourplex contains four residential units in a 3,600-square-foot building constructed in 1985. The property is located at 89048 E Little Trl in Government Camp, Oregon.

Shops and dining are within walking distance, placing everyday destinations close to the building.

Key Highlights

• Fourplex with four residential units
• 3,600‑square‑foot building
• Built in 1985

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,224

Cap Rate

3.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$924,480 $924.5K

Cap Rate 7%

$660,343 $660.3K

Cap Rate 9%

$513,600 $513.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,600 SF

Gross rent

$88.6K $24.60/SF

− Vacancy

−$4.5K −$1.25/SF

EGI

$84.0K $23.35/SF

− OpEx

−$37.8K −$10.51/SF

NOI

$46.2K $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%

$924,480

Cap Rate 7%

$660,343

Cap Rate 9%

$513,600

Alternative Uses

Best Use

Apartment 5plus

$660.3K

$577.8K – $770.4K (±1% cap)

NOI $46,224 @ 7.0% cap · market cap 3.30%

Second Best

Multifamily LT 5

$646.0K

$565.3K – $753.7K (±1% cap)

NOI $45,220 @ 7.0% cap · market cap 3.23%

Theoretical Best

Office A

$971.7K

$850.3K – $1.13M (±1% cap)

NOI $68,021 @ 7.0% cap · market cap 4.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

4

Residential units

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Similar For Sale Nearby

See more

Two-Unit Vacation Rental Lodge

Government Camp, OR 97028

$1,175,000

3,744 SF

View details

5-Unit Short-Term Rental Property

Government Camp, OR 97028

$2,600,000

9,800 SF

View details

Frequently Asked Questions

What type of property is this?

Quadplex - Four residential units sit within walking distance of Government Camp shops and dining.

Where is this quadplex located?

The property is located at 89048 E Little Trl Government Camp, OR.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Fourplex with four residential units; 3,600‑square‑foot building; Built in 1985