Listed by Macadam Forbes
$3,500,000
1715, 1729, 1743 Washington Street
Details
Property Type Multifamily, Land
Sub Type Commercial, Multifamily
Cap Rate 5.69%
NOI $199,242
Acreage 2.140
Zoning MUD Mixed Use Downtown
Investment Type Redevelopment
1715 Washington Street, Oregon City, OR 97045
Marketing description
Covered land redevelopment with approximately $19,000 in current monthly revenue.
2.14 acres zoned Mixed Use Downtown (MUD). Seller has land use approvals for 131 units of multifamily and ground floor commercial space. Property qualifies for Vertical Housing Tax Credits with up to 80% property tax exemptions for 10 years.
The Washington Street Redevelopment Site in Oregon City is situated within walking distance of the historic downtown area, which offers numerous quaint shops, restaurants, and galleries. The property is adjacent to the Oregon City Amtrak Station and Coasters Restaurant providing a peaceful and tranquil setting. It is surrounded by beautiful rolling hills and is close to an array of outdoor activities.
Investment highlights
- Fast-growing South Metro suburb
- $19,000 a month in-place income
- Mixed Use Downtown zoning
- Land use approvals in place for 131-unit multifamily building
- Site qualifies for Vertical Housing Tax Credits
- Immediate access to Highway 99E and Interstate 205
Listing Contacts
Listed by Macadam Forbes
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$199,242.29
$16,603.52/mo
Valuation Metrics
0
DSCR
5.69%
Cap Rate
5.69%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
