313 Warner Milne Rd Oregon City, OR 97045
- Apartment buildings
- 11,432 SF
- 0.92 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 313 Warner Milne Rd
- Year built
- 1969
- Lot size
- 0.92 lot acres
- Property size
- 11,432 SF
- Property type
- Apartment buildings
Description
Grandview Apartments presents a compelling investment opportunity in Oregon City, Oregon. This 12-unit apartment building boasts 11,432 square feet situated on a 0.92-acre lot. Built in 1969, the property features spacious two-bedroom units, each equipped with an attached garage offering direct access. Residents enjoy desirable amenities including open-concept kitchens and living rooms, fully-equipped kitchens with dishwashers, washer/dryer hookups, fireplaces, and private backyards or covered patios. Recent upgrades include new windows and roofing, enhancing both aesthetics and energy efficiency. The property's prime location offers unparalleled convenience. It's a short walk from Hilltop Mall, providing easy access to Safeway, Orange Theory Fitness, Regal Cinemas, and numerous dining establishments. Furthermore, its proximity to Clackamas Community College, a major institution serving over 25,000 students and staff, ensures consistent demand. Excellent public transportation via TriMet buses and the MAX Orange Line further enhances the property's appeal. The asking price is $2,550,000, representing a price per unit of $212,500 and a price per square foot of $223.06. The property's strong performance is reflected in its attractive 5.91% cap rate. This well-maintained apartment building offers a blend of comfort, convenience, and strong investment potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oregon City
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.594
- Latitude
- 45.3371
