Pending

$420000

3 Bed
2.5 Bath
1262 SqFt
112 DOM
Built: 2004
Status: Pending

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Krishna Regupathy

Principal Broker

(503) 893-8874

Step into a smart, income-producing investment in the heart of vibrant Oregon City. This contemporary two-story townhouse condo offers 3 bedrooms, 2.5 baths, an attached garage, in-unit laundry, and 1,262 sq. ft. of updated living space, perfectly balancing tenant comfort with long-term value. Currently tenanted under a one-year lease, it delivers immediate, stable cash flow while minimizing vacancy risk. With owner-seller carry terms—20% down at 7–8% interest, amortized over 30 years, and no prepayment penalty within 8–10 years—acquisition is fast, flexible, and low-friction. Located near colleges, hospitals, shopping, dining, entertainment, and Oregon City’s historic landmarks, this property enjoys excellent walk scores and strong rental demand. Beyond cash flow, investors benefit from Oregon’s 2025 tax advantages, including mortgage interest and property tax deductions, depreciation, deductible expenses, and future 1031 exchange potential, making this a sophisticated, tax-smart long-term investment. Turnkey, strategically located, and investor-friendly, this townhouse is a rare opportunity to combine stable income, long-term appreciation, and financial flexibility.

Listing Provided Courtesy of Aimee Davis, Firefly Real Estate

General Information

MLS #746352584
TypeCondominium
Days on Market 112 DOM
Beds3
Lot Size
Baths2.5
SqFt1262
Year built2004
Zoning
CountyClackamas
Tax ID05011695
ElemGaffney Lane 3/10
MiddleGardiner 5/10
HighOregon City 2/10
PropCategoryResidential
PropTypeCondominium
Neighborhood (Legal)CONDOMINIUM HARRIS LANE CONDOMINIUM 3951 UNIT 3

Listing Provided Courtesy of Aimee Davis, Firefly Real Estate

Krishna Realty data last checked: Oct 27, 2025 10:31 | Listing last modified Oct 22, 2025 09:01, Source:

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Residence Information

Upper SqFt688
Main SqFt574
Lower SqFt0
Total SqFt1262
SFSrccounty
TotUp/Mn1262
Fireplaces
Bdrms3
Full Bath2
Partial Bath1
Total Bath2.5
RoofComposition
Garage1, Attached
StyleTownhouse
ParkingOther
Levels2
Year Built2004
Green CertNo
Energy Eff
ExteriorCementSiding, CulturedStone, Other
Bsmt/FndCrawlSpace,None
RV
URM
BasementCrawlSpace,None
FoundationConcretePerimeter
WindowsDoublePaneWindows
AmenitiesCommons, Sewer, Trash,

Features and Utilities

LivingLivingRoomDiningRoomCombo
KitchenDishwasher, Disposal, FreeStandingGasRange, FreeStandingRange, FreeStandingRefrigerator, Quartz, RangeHood
InteriorGarageDoorOpener, HighSpeedInternet, Quartz, SlateFlooring, Sprinkler, VinylFloor
ExteriorPatio, Porch
AccessibilityGarageonMain
CoolHeatPump
WaterGas
HeatForcedAir, HeatPump
SewerPublicSewer
Hot WaterGas
FuelElectricity, Gas

Financial

PTax/Yr4599.62
HOA1
HOA Incl
HOA Fee300 / Month
Other Dues
Terms ConsideredContract
List Date07-01-2025
Rent (If Rented)2200
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date10-21-2025
DOM 112
CDOM 112
Sold Date
TermsContract
Original Price$420,000
List Price$420,000
Sold Price
Last ModifiedOct 22, 2025 09:01

Schools

public Elementary : Gaffney Lane 3/10 Ratings

public Middle : Gardiner 5/10 Ratings

charter High : Oregon City 2/10 Ratings

Map

Listing courtesy of Firefly Real Estate.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Oct 27, 2025 10:31 | Listing last modified Oct 22, 2025 09:01. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

421 HARRIS LN

$420,000