Actual CAP RATE 10.11% with only 75 percent of the square footage occupied. Own a piece of History built in 1905, a Historical Registered Building. This building brings in $14,403 monthly income on just 2 of the floors. The basement has approximately 3230 square feet of vacant space and the top floor is empty, approximately 796 sq ft, with more square footage to finish. 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 are actually 3 retail spaces on the first floor. 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. First-floor Dive Shop lease has a 4% annual increase for retail space and 2nd floor and Herb Center have 3% annual increase.
Listing Provided Courtesy of Marjorie Wells, Legend Real Estate Services
General Information
24243952
Commercial
245
DOM
13382
1905
MUC
Clackamas
00574701
CommercialSale
Commercial
2 OREGON CITY PT LT 3 & 4 BLK 129 SEE RELATED PROPERTY 05000E2
Listing Provided Courtesy of Marjorie Wells, Legend Real Estate Services
Krishna Realty data last checked: Jun 19, 2025 23:35 | Listing last modified Jun 09, 2025 08:51,
Source:
Actual CAP RATE 10.11% with only 75 percent of the square footage occupied. Own a piece of History built in 1905, a Historical Registered Building. This building brings in $14,403 monthly income on just 2 of the floors. The basement has approximately 3230 square feet of vacant space and the top floor is empty, approximately 796 sq ft, with more square footage to finish. 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 are actually 3 retail spaces on the first floor. 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. First-floor Dive Shop lease has a 4% annual increase for retail space and 2nd floor and Herb Center have 3% annual increase.
