308 HIGH ST
Oregon City, OR, 97045 $ 599,900
Bedrooms7 Baths3.0 Sq 3,174 Monthly Estimate*
$ 3,694
for $599,900 with 7 bedrooms and 3 full baths. This 3,174 square foot home was built in 1905 on a lot size of 0.08.
** 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.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir WallHeater
Cooling None
Roof Composition
Zoning R3.5
Garage Spaces 0
Year Built 1905
Stories Count 3
Tax Year 2025
Parcel Number 00573828
Gross Income 51499.0
County Clackamas
Net Operating Income 37814.0
Operating Expense 13685.0
Property Type MultiFamily
HOA N
Subdivision Name MCLOUGHLIN
Rent Includes None
Status Active
Directions From OR 99E head east on 7th St left on High St to property. DND tenants.
High School Oregon City
City OregonCity
Disclosures Disclosure
Number Of Units Total 3
MLS Area _146
Lot Size Square Feet 3484.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Holcomb
Tax Annual Amount 4073.51
Middle/Junior High School Gardiner
Property Condition UpdatedRemodeled
Virtual Tour https://www.youtube.com/watch?v=HL4CAvTu7MQ
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 2 OREGON CITY PT LT 6 BLK 36
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InteriorBasement Finished
Storage Basement
Hot Water Electricity Tank
Unit 1 Baths Total 1
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 3
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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ExteriorParking Features OnStreet
Lot Features Level
Water Source PublicWater
Total Parking 0
Exterior Description LapSiding WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 3174.0
Lot Dimensions 33x105
Lot Size Acres 0.08
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,694
- Monthly Property Taxes
- $339
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Oregon City, OR
Average List Price $568,760
Percent of Sale Price 5%
About Oregon City, OR 56,093 Population
24% Since 2002
$ 71,813 Median Income
42.07 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950325 Elementary School
1949965 Middle School
Oregon City High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/29/2026 | $599,900 | | Listed Price |