McLoughlin Blvd | OC Duplex Investment 715 S McLoughlin Blvd 2 Unit Apartment Building $399,900 ($199,950/Unit) 4.32% Cap Rate Oregon City, OR 97045

** 2 Unit Income Opportunity or House Hack ** Fully leased Oregon City duplex offering in place income, completed interior improvements, views toward the Willamette River, and future upside near downtown Oregon City and Canemah. The main level includes two units totaling ~1,100 square feet, with an additional ~880 square foot basement area for a total of ~1,980 square feet; buyer to verify. Unit A was rehabbed at the time of the seller’s purchase with kitchen appliance updates, pantry improvements, plumbing updates as needed, lighting, and fresh interior paint. Unit B received a complete rehab with a new kitchen, bathroom, plumbing, heating, fresh interior paint, and broad interior improvements. The basement includes a full bathroom, a washer and dryer area, utility improvements, a water heater, some lighting updates, and flexible storage or potential for future use, subject to due diligence. Strong fit for an investor seeking a leased two unit asset with existing rental income, while also offering a possible future owner occupant path for a buyer who may want to occupy one unit and use the second unit for supplemental rental income, subject to lease timing, lender approval, and buyer due diligence. The setting offers durable tenant retention appeal with close proximity to the Willamette River, McLoughlin Promenade, Oregon City Municipal Elevator, Willamette Falls viewpoints, Clackamette Park, downtown shops, coffee, breweries, restaurants, transit, Hwy 99E, and I-205 access. Residents can enjoy quick access to riverfront scenery, local dining, everyday services, and commuter routes without sacrificing the character of Oregon City’s historic core. For investors, that mix of location, access, views, and nearby amenities helps support long term rental demand and makes the property easier to position for future tenants.