$ 420,000
-
$420,000
Price -
3
Bed -
2.5
Bath -
1,262
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing FFRE01 - DAVISAIM
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.
Listing Highlights for 421 Harris Ln
Status
Pending
Days on Site
115
Property Type
Condo/Townhome
MLS ®
746352584
Year Built
2004
Total Square Footage
1,262
Lot/Acreage
N/A
County
Clackamas
HOA Dues
300/Monthly
Elementary School
Gaffney Lane
Middle School
Gardiner
High School
Oregon City
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full / 1 Half
- Appliances: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Range, Free-Standing Refrigerator, Quartz, Range Hood, Stainless Steel Appliance(s)
- Air Cond: Heat Pump
- Heating: Forced Air,Heat Pump
- Fireplaces: Gas
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other: Garage Door Opener,High Speed Internet,Quartz,Slate Flooring,Sprinkler,Vinyl Floor
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: 1 car
- Parking Spaces: 1
- Roof: Composition
- Others: Patio,Porch,Resale
- Sewer: Public Sewer
- Parking Features: Attached
Financial Details
- Tax Amount: $4,600
- Taxes w/Assessments: N/A
- Tax/Property ID: 05011695
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
421 Harris Ln Oregon City, OR 97045
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
