216 State St Lake Oswego, OR 97034-3110
EC District. Figure 50.03.003-A: Area of Ground Floor Residential Use Prohibition in EC District c. CI Zone. Multifamily housing use is limited to Subarea I as shown on the Marylhurst Campus map in LOC § 50.11.006 : Appendix F, and shall consist of 20 or more units where at least 10% of the units are continuously rented, leased or made available for an amoun…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
EC · Lake Oswego, OREC District. Figure 50.03.003-A: Area of Ground Floor Residential Use Prohibition in EC District c. CI Zone. Multifamily housing use is limited to Subarea I as shown on the Marylhurst Campus map in LOC § 50.11.006 : Appendix F, and shall consist of 20 or more units where at least 10% of the units are continuously rented, leased or made available for an amount of rent plus expenses associated with occupancy, such as utilities and fees, totaling not more than 30% of the income level that is 80% of area median income according to the Clackamas County Housing Authority’s income limits for affordable housing, adjusted for household size. d. WLG OC Zone. Residential uses are limited to multifamily residences in the vicinity of Boones Ferry Road and West Sunset Drive, as depicted on Figure 50.03.003-A.1, and shall consist of 20 or more units where at least ten percent of the units are continuously rented, leased or made available for an amount of rent plus expenses associated with occupancy, such as utilities and fees, totaling not more than 30% of the income level that is 80% of area median income according to the Clackamas County Housing Authority’s income limits for affordable housing, adjusted for household size. Figure 50.03.003-A.1: Area of Residential Use Allowance in WLG OC Zone 3. Conditional Uses in the R-2 and R-6 Zones. [ Ord. No. 2723 , Added, 10-18-2016 ; Ord. No. 2725 , Amended, 12-6-2016 ] In addition to the criteria contained in LOC § 50.07.005 , Conditional Use Permits, an application to establish a new conditional use in the R-2 or R-6 zones must comply with the following criteria: a. A new conditional use shall not be located on a street with a traffic level that exceeds the functional classification of the street as set forth in the Lake Oswego Comprehensive Plan connected community chapter. b. If the street upon which the new use will be located is an arterial or collector and is currently operating within the parameters of its functional classification as set forth in the Lake Oswego Comprehensive Plan connected community chapter, the use shall not cause the street to exceed the allowable amount of traffic for its functional classification. c. If the street upon which the new use will be located is a local street and is currently operating within the parameters of its functional classification as set forth in the Lake Oswego Comprehensive Plan connected community chapter, the use shall not have a traffic impact (TI) of greater than 10. Traffic impact is based on the increase in average daily trips (ADT) and is calculated as follows: i.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.