450 MILLER ST
Oregon City, OR, 97045 $ 1,995,000
Bedrooms9 Baths9.0 Sq 5,215 Monthly Estimate*
$ 13,779
for $1,995,000 with 9 bedrooms and 9 full baths. This 5,215 square foot home was built in 2019 on a lot size of 0.74.
Rare opportunity to acquire an entire community of five-newer constructed, detached cottages offered as a single acquisition for $1,995,000. Located in Oregon City's historic Canemah District, it is ideally situated nearby from downtown restaurants, breweries, shopping, parks, and historic attractions, with convenient access to the developing Tumwater Village riverfront district and greater Portland metropolitan area.Set among mature trees, protected greenspace, and near the Willamette River corridor, Canemah Cottages combines modern construction, distinctive Pacific Northwest architecture, and a peaceful natural setting just minutes from downtown Oregon City. Each residence features its own thoughtfully designed floor plan, maximizing natural light, functional living space, both indoor and outdoor. Architectural highlights include expansive wood-framed windows, vaulted ceilings, contemporary kitchens with stainless steel appliances, quality finishes, and inviting decks or covered porches. Professionally designed landscaping shared green spaces, and low-maintenance native plantings create a cohesive, intimate community that balances privacy with a sense of connection.This distinctive five-cottage property presents a compelling opportunity for a long-term rental portfolio, executive housing, multigenerational living, or other residential ownership concepts, subject to applicable zoning and approvals. The combination of five independent residences, newly completed construction, thoughtfully designed grounds, and a desirable historic location offers exceptional flexibility for a variety of ownership and investment objectives. An uncommon opportunity to own an entire boutique cottage community where modern design, historic character, natural beauty, and convenient urban access come together in one extraordinary property.
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FeaturesGeneralSewer PublicSewer
Heating HeatPump MiniSplit
Cooling HeatPump MiniSplit
Roof Composition
Zoning R-6
Garage Spaces 0
Security Features Sidewalk
Year Built 2019
Stories Count 2
Tax Year 2026
Parcel Number 00743262
Gross Income 161100.0
Community Features Commons
County Clackamas
Net Operating Income 92738.0
Operating Expense 73398.0
Property Type MultiFamily
HOA N
Subdivision Name CANEMAH
Rent Includes TrashCollection
Status Active
Directions 99E S 2nd ST S End Rd R on 5th Ave to Miller
High School Oregon City
City OregonCity
Disclosures Exempt
Number Of Units Total 5
MLS Area _146
Lot Size Square Feet 32234.0
Listing Terms Cash Conventional
Elementary School Holcomb
Tax Annual Amount 24293.16
Middle/Junior High School Gardiner
Virtual Tour https://youtu.be/2YkIsgZzHO4
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 6 CANEMAH LT 6 BLK 15
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InteriorBasement CrawlSpace
Hot Water Gas Tank
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit 3 Baths Total 2
Unit 3 Beds Total 2
Unit 4 Baths Total 1
Unit 4 Beds Total 1
Unit 5 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5
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ExteriorParking Features Driveway OffStreet
Lot Features Bluff Commons Trees Wooded
Water Source PublicWater
Total Parking 8.0
Exterior Description CementSiding LapSiding WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 5215.0
Lot Size Acres 0.74
Road Surface Type Paved
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $13,779
- Monthly Property Taxes
- $2,024
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 $796,245
Percent of Sale Price 60%
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 |
|---|
| 10/16/2026 | $1,995,000 | | Listed Price |