Active

919 7TH ST

Oregon City OR, 97045

$1,599,900


$119.55 per sqft

Active

13,383 sqft

Commercial

Built in 1905

Courtesy of Legend Real Estate Services 503-502-9678

Actual CAP RATE 7.4% with only 75% square footage occupied. Own a piece of History built in 1905, a Historical Registered Building. This building brings in $14,095 monthly income on just 2 of the floors. The Basement is approximately 3230 square footage that is vacant with two office space and additional open space and the top floor is empty, approximately 796 sq ft, with more square footage to be finished out. The second floor, approximately 4837 sqft, has 13 bedrooms, 5.1 bathrooms, and 4 kitchens rented by a non-profit that provides discounted property taxes. The 1st floor, approximately 4522 sq ft, has two rented retail spaces and one occupied apartment. One tenant occupies two retail spaces, there is actually 3 retail spaces on the first floor. Currently, the building has an actual CAP Rate of 7.4% and a potential proforma CAP Rate of 9.5% with a filling basement. The following maintenance has been performed to the building: the roof was done in 2020; the Fire Sprinkler System was installed in 2020-2023; the Plumbing upgrade in 2023; the sewer line to the street was replaced in 2023; the Basement waterproofing in 2023; Foundation post upgrade 2023, water heater for the building was installed 2020, and First floor HVAC 2019 and 2021.

23361053

MLS ID

November 9, 2023

Listed

May 9, 2024

Updated

Map

919 7TH ST
Oregon City OR, 97045

Interior Features

Total Stories

3


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Mini Split

Exterior/Building Features

Lot Size

0.15 Acres


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

_146


Taxes

$9,218


Tax Frequency

Annually


Days on Market

152


Garage

No


Parking

On Site, On Street


View

No


County

Clackamas


Water Source

Public Water


Pool

No


Zoning

MUC


Buyer Agency Compensation

2.5%

Courtesy of Legend Real Estate Services, Marjorie Wells
Listing Contact: 503-502-9678 

All information provided is deemed reliable, but is not guaranteed and should be independently verified. Listing information is provided exclusively for consumers’ personal, non‐commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by RMLS™. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Elizabeth Hall-Henderson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Wings NW Real Estate are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers.

This content last updated on 5/9/2024, 12:08 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Listing content is copyright © 2024 RMLS™, Portland, Oregon. All rights reserved.

Powered byLuxury Presence