421 HARRIS LN Active Save Request In-Person Tour Request Virtual Tour
Oregon City,OR 97045
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,262 sqft
Price per Sqft $332
MLS Listing ID 746352584
Style Townhouse
Bedrooms 3
Full Baths 2
HOA Fees $300/mo
Year Built 2004
Annual Tax Amount $4,599
Tax Year 2024
Property Sub-Type Townhouse
Property Description
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.
Location
State OR
County Clackamas
Area _146
Rooms
Basement Crawl Space, None
Interior
Interior Features Garage Door Opener, High Speed Internet, Quartz, Slate Flooring, Sprinkler, Vinyl Floor
Heating Forced Air, Heat Pump
Cooling Heat Pump
Fireplaces Type Gas
Appliance Dishwasher, Disposal, Free Standing Gas Range, Free Standing Range, Free Standing Refrigerator, Quartz, Range Hood, Stainless Steel Appliance
Exterior
Exterior Feature Patio, Porch
Parking Features Attached
Garage Spaces 1.0
Roof Type Composition
Accessibility GarageonMain
Garage Yes
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Gaffney Lane
Middle Schools Gardiner
High Schools Oregon City
Others
Senior Community No
Acceptable Financing Contract
Listing Terms Contract