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2145 WEBB ST West Linn, OR 97068 2145 Webb St 2 Unit Apartment Building $748,900 ($374,450/Unit) 6.50% Cap Rate West Linn, OR 97068



Executive Summary
Prime West Linn Investment Opportunity! This unique and well-maintained Duplex, located in the "Heart of West Linn", with beautiful valley views from each unit, is a true gem! The main level unit offers 3 bedrooms, 1.5 baths, 1,712 sq ft of living space which offers a spacious floorplan and stylish amenities. Light and bright, newly updated throughout, a large living room with a wood-burning fireplace, French doors to the enclosed sun porch with views and lovely French doors from the sun porch to the private deck with views! Three spacious bedrooms include a primary bedroom with sliding glass doors to the outdoor oasis and private deck area, perfect for stargazing. A stylish half bath is conveniently located for guests and a newly updated full bath with a walk-in shower and a spacious laundry room complete the floorplan. The two-car carport with additional storage and the extended driveway potentially lend space for a small boat or RV parking. The lower-level Unit offers a similar floorplan, offering 2 bedrooms, 1.5 baths, with 1,472 sq ft of living space, including a nice bonus room with closet, which is perfect as an office or a potential 3rd bedroom. A large living room/dining area, light and bright with a wood-burning fireplace and sliding doors to the beautiful full length, covered porch with fabulous views, very peaceful and enjoyable! A private driveway is dedicated to the lower-level unit. The two units are individually metered, which is ideal. Radiant heat is lovely and a plus for both units. Prime location with close proximity to shopping, restaurants, entertainment, with easy access to I-205, and just minutes to Lake Oswego and Downtown Portland. Please note, the lower-level unit is occupied, please respect privacy. Seller to do a 1031 Exchange w/no cost or delay to the Buyer.
Property Facts
| Price | $748,900 | Property Subtype | Apartment |
| Price Per Unit | $374,450 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.50% | Building Size | 3,184 SF |
| Gross Rent Multiplier | 12.51 | No. Stories | 2 |
| No. Units | 2 | Year Built | 1964 |
| Property Type | Multifamily | ||
| Zoning | R10 - Residential district that allows for medium to high-density housing, often permitting approximately 10 dwelling units per acre | ||
| Price | $748,900 |
| Price Per Unit | $374,450 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 12.51 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,184 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | R10 - Residential district that allows for medium to high-density housing, often permitting approximately 10 dwelling units per acre |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00385354 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $381,174 |
Property Taxes
Parcel Number
00385354
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$381,174
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2145 WEBB ST West Linn, OR 97068 | 2145 Webb St
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