715 S MCLOUGHLIN BLVD
Oregon City, OR, 97045 $ 399,900
Bedrooms1 Baths2.0 Sq 1,980 Monthly Estimate*
$ 2,462
for $399,900 with 1 bedroom and 2 full baths. This 1,980 square foot home was built in 1900 on a lot size of 0.05.
** 2 Unit Income Opportunity or House Hack ** Fully leased Oregon City duplex offering in place income, completed interior improvements, views toward the Willamette River, and future upside near downtown Oregon City and Canemah. The main level includes two units totaling ~1,100 square feet, with an additional ~880 square foot basement area for a total of ~1,980 square feet; buyer to verify. Unit A was rehabbed at the time of the seller’s purchase with kitchen appliance updates, pantry improvements, plumbing updates as needed, lighting, and fresh interior paint. Unit B received a complete rehab with a new kitchen, bathroom, plumbing, heating, fresh interior paint, and broad interior improvements. The basement includes a full bathroom, a washer and dryer area, utility improvements, a water heater, some lighting updates, and flexible storage or potential for future use, subject to due diligence. Strong fit for an investor seeking a leased two unit asset with existing rental income, while also offering a possible future owner occupant path for a buyer who may want to occupy one unit and use the second unit for supplemental rental income, subject to lease timing, lender approval, and buyer due diligence. The setting offers durable tenant retention appeal with close proximity to the Willamette River, McLoughlin Promenade, Oregon City Municipal Elevator, Willamette Falls viewpoints, Clackamette Park, downtown shops, coffee, breweries, restaurants, transit, Hwy 99E, and I-205 access. Residents can enjoy quick access to riverfront scenery, local dining, everyday services, and commuter routes without sacrificing the character of Oregon City’s historic core. For investors, that mix of location, access, views, and nearby amenities helps support long term rental demand and makes the property easier to position for future tenants.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir WallHeater
Cooling None
Roof Composition
Zoning HC
Year Built 1900
Stories Count 2
Tax Year 2025
Parcel Number 00416437
Gross Income 27610.0
County Clackamas
Net Operating Income 17283.0
Operating Expense 10327.0
Property Type MultiFamily
HOA N
Subdivision Name CANEMAH
Rent Includes None
Status Active
Directions Hwy 99E / McLoughlin Blvd S to property just south of downtown Oregon City near Canemah.DND Tenants
High School Oregon City
City OregonCity
Disclosures Disclosure
Number Of Units Total 2
MLS Area _146
Lot Size Square Feet 2178.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Holcomb
Tax Annual Amount 4153.25
Middle/Junior High School Gardiner
Property Condition UpdatedRemodeled
Virtual Tour https://www.youtube.com/watch?v=EnANIuXXm8c
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 6 CANEMAH PT LT 5 BLK 4
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InteriorBasement PartialBasement PartiallyFinished
Storage Basement
Hot Water Electricity Tank
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 0
Unit Type UnitTypeType1 UnitTypeType2
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ExteriorParking Features OnStreet
Lot Features CornerLot Level PublicRoad
Water Source PublicWater
Exterior Description CementSiding LapSiding
Foundation Details ConcretePerimeter
Building Area Total 1980.0
Lot Dimensions 25x95
Lot Size Acres 0.05
Road Surface Type Gravel Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,462
- Monthly Property Taxes
- $346
- 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 42%
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 | $399,900 | | Listed Price |