308 High St - Multi-Family FOR SALE


Oregon City, OR 97045- McLoughlin
$599,900 USD
503-709-4632
308 High St, Oregon City, OR for Sale
$599,900 USD
Multi-Family - FOR SALE
1/22
null | 6.3% Cap Rate

308 High St
Oregon City, OR 97045
McLoughlin


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,

OVERVIEW

** 3 Unit Income Opportunity or House Hack ** Set across from Promenade Park with views toward historic downtown Oregon City and Willamette Falls, this three-unit multifamily offering pairs in-place income with a memorable High Street setting. Built in 1905 and configured with one unit on each level, this property gives investors an established rental profile in one of Oregon City’s most recognizable historic areas. The seller completed substantial work during ownership, strengthening both curb appeal and core functionality. *Exterior work in 2025 included roof, siding, and gutter replacement, kitchen porch and porch roof replacement, dormer window repairs, select window replacement, porch rail repairs, and fencing repairs. Inside, the units benefited from updated kitchen cabinets and appliances, lighting fixtures, bathroom updates, heating updates, plumbing repairs as needed, fresh paint, and attic finish work. The basement utility area was also improved with updated electrical panels, furnaces, and water heaters. The location is a key retention driver, with nearby access to downtown Oregon City, the Municipal Elevator, Main Street shops, coffee, restaurants, pubs, river viewpoints, Willamette Falls views, Clackamette Park, Canemah, Providence Willamette Falls Medical Center, Clackamas Community College, and commuter routes. Tenants can enjoy walkable access to scenic outdoor spaces, local dining, daily services, and the downtown core, creating a convenient setting that supports consistent demand. Street parking. Buyer to verify all property details, unit configuration, rents, expenses, square footage, zoning, legal use, and future potential.

FOR SALE DETAILS

PRICE

$599,900 USD

PRICE/SF

$189 USD /SF

# OF UNITS

3

PRICE/UNIT

$199,967

CAP RATE

6.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

High St | Oregon City 3-Unit Investment

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R3.5

APN/PARCEL ID

00573828

ASK ABOUT THIS PROPERTY

Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

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Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.