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$1,200,000   Price Analysis
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4284 Oakridge Rd
Lake Oswego, OR 97035
Unknown bed 0 bath 6,057 SqFt ($198/SqFt)
0.32 acre lot. Built 2024
Listed 2024-03-03, Taxes $6,576
Ⓧ USDA Ineligible
due to price & location

near Lake Oswego

Pristine Price - Excellent multi-residential flat lot w/ existing 2440 SF home off Boones Ferry in walkable Lake Oswego.

Flexible NC/R-0 zoning allows a multitude of uses. Existing single-family residence, a shrt-term tenant and in process entitlements for a 7-unit multi-building with attached commercial space and plenty of parking.

Development link in listing. The hard legwork and most of the engineering work is done for existing plan. However, always an opportunity to change the plan based on zoning and build anything mixed-use zoning allows for in LO. For more information, contact the Listing Agent.


Presented by Tracy Peterson at
Better Homes & Gardens Realty.


Property MLS #24437621 from RMLS

Storage: IndividualStorageUnits

Heating Features: ForcedAir95Plus
Heating Fuel: Electricity, Gas
Heating: Yes

Lot Description: Level, PublicRoad
Lot Size Acres: 0.32
Lot Size Square Feet: 13939

Garage Spaces: 7
Parking Features: Garage, OnStreet
Parking Total: 18

Elementary School: Lake Grove
High School: Lake Oswego
Middle School: Lake Oswego

Lake Grove Elementary School is a public elementary school located approximately 0.1 miles away.
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Lake Oswego Junior High School is a public middle school located approximately 1.3 miles away.
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Lake Oswego Senior High School is a public high school located approximately 1.5 miles away.
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Christa McAuliffe Academy - School of Arts/Sces is a private elementary, middle and high school located approximately 0.7 miles away.
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Gross Income: 389707

Community Features: AllLandscaping

LotSizeRange: SqFt10000to14999
Annual Tax Amount: 6576.829999999
Source Listing Status: Active
County: Clackamas
Cap Rate: 24.18
Directions: Boones Ferry to Oakridge Rd (Property on the left)
Source Property Type: MultiFamily
Parcel Number: 00242302
Zoning: NC/R-0
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$unknown + $unknown
$341,691
$6,576
2022$unknown + $unknown
$331,739
$6,381
2021$unknown + $unknown
$322,077
$5,894
2020$unknown + $unknown
$312,697
$5,746
2019$unknown + $unknown
$303,590
$5,604
2018$unknown + $unknown
$294,748
$5,329
2017$unknown + $unknown
$286,163
$5,142
2016$unknown + $unknown
$277,828
$4,682
2015$unknown + $unknown
$269,736
$4,523
2014$unknown + $unknown
$261,880
$4,465
2013$unknown + $unknown
$254,252
$4,383
2012$unknown + $unknown
$246,847
$4,260
2011$unknown + $unknown
$239,657
$4,114
2010$unknown + $unknown
$232,677
$4,044
2009$unknown + $unknown
$225,900
$4,002
2008$unknown + $unknown
$219,320
$3,751
2007$unknown + $unknown
$212,932
$3,586

Price Changed 2024-06-27
$1,200,000
RMLS
Listed 2024-03-03
$1,225,000
RMLS
Sold 2022-04-22
$800,000
RMLS

Net Operating Income: 290137
Operating Expense: 99570

Year Built: 2024
Building Area Total: 6057
Building Exterior Type: LapSiding
Foundation Details: ConcretePerimeter, Slab
Property Condition: Proposed
Levels or Stories: 2

Sewer: PublicSewer
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.