Property Description

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. 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.

Listing Provided Courtesy of

Features
: Minisplit
: Composition
: Displaywindow, Insidestorage
: Woodframe, Lapsiding, Fullbasement
: Publicsewer
Address Map
US
Oregon
Clackamas
OregonCity
97045
7TH
919
ST
W123° 23' 54.1''
N45° 21' 17.6''
7th Street and Monroe
MLS Info
MultiFamily,Retail
: Yearsremaining1to5
WEVR01
Legend Real Estate Services
FullService
Cash,Conventional
00574701
: Onstreet, Onsite
Existing
: Paved
4
2023
$9,218
PublicWater
MUC
0 Sqft
Marjorie Wells
MARJORIE
09/11/2023 15:40:46

Commercialsale

919 7TH ST, OregonCity 97045

13,384 Sqft
$1,599,900
Listing ID #23361053
Basic Details
Property Type : Commercialsale
Listing Type : For Sale
Listing ID : 23361053
Price : $1,599,900
Square Footage : 13,384 Sqft
Year Built : 1905
Lot Area : 6,534 Acre
Days On Market : 24
Building Area Total : 0 Sqft
Status : Active
Agent info
Contact Agent
  • This field is for validation purposes and should be left unchanged.
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$