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308 High St
Oregon City, OR 97045 McLoughlin

$599,900 USD

Multifamily For Sale • 3,174 SF

Property Details

Property Type Multifamily
Total Building Size 3,174 SF
Lot Size 0.08 AC
Year Built 1905
Cap Rate 6.30 %
Zoning R3.5

40 Transit Score

50 Walk Score

                
                    Highlights
                
                                Three unit Oregon City multifamily investment with in place income and established rental history
                            
                                Memorable High Street setting across from Promenade Park with views toward historic downtown Oregon City and Willamette Falls
                            
                                Significant owner improvements completed over time, with work focused on exterior presentation, interior refreshes, core functionality, and long term 
                            
                                Strong tenant retention drivers nearby, including McLoughlin Promenade, the Oregon City Municipal Elevator, downtown shops, restaurants, coffee, pubs,
                            
                                Close proximity to Providence Willamette Falls Medical Center, Clackamas Community College, Clackamette Park, Canemah, and Main Street services
                            
                                Stabilized income profile with potential long term upside through continued operations, future rent positioning, or eventual owner occupancy strategy,

Property Flyers

Seller Improvement Summary

Financial Summary (Actual)

Net Operating Income: $37,815 USD (2025)

Cap Rate:	6.30 %
Total Expenses:	$13,684 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Oregon City Amtrak (Amtrak Cascades - Amtrak)	3 min	-	1.2 mi
Airport	Drive	Walk	Distance
Portland International	29 min	-	18.9 mi

Darryl Bodle II 503-709-4632 Keller Williams Commercial

308 High St Oregon City, OR 97045 McLoughlin