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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

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

Flxible NC/R-0 zoning allows a multitude of uses. Existing single-family residence, a short-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.