Great opportunity for investor or owner-occupied. Brand new four-plex in historic Oregon City. Huge garage underneath, peekaboo views of downtown Portland, excellent rental mix. One unit left vacant to view. Seller can be creative on financing, will carry second mortgage for qualified buyer, make take trade for partial down payment. Income and expenses are TBD as building is new. Taxes are not fully assessed.
Sold
$1,190,000
701 Molalla Ave, Oregon City, OR 97045
8beds
3,300sqft
Multi Family
Built in 2024
-- sqft lot
$1,181,300 Zestimate®
$361/sqft
$2,762 Estimated rent
Home value
$1,181,300
$1.10M - $1.26M
$2,762/mo
Zestimate® history
Owner options
List your home for rent
$2,762/mo
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$2,762/mo
Rent Zestimate®
Refinance and save
$5,854/mo
Est. payment
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$5,854/mo
Est. payment
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List your homeWhat's special
Huge garage underneath
Zillow last checked:
Listing updated:
Listed by:
Steve Kaer 503-699-3980,
Kaer Property Group
Bought with:
Steve Kaer, 791100095
Kaer Property Group
Source: RMLS (OR),MLS#: 24072806
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Mini Split
Cooling
- Air Conditioning
Appliances
- Included: Refrigerator, Washer/Dryer, Electric Water Heater
Interior area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Stories: 3
- Patio & porch: Deck
- Has view: Yes
- View description: Territorial, Trees/Woods
Lot
- Size: 9,147 Square Feet
- Dimensions: 95 x 99 x 93 x 97
- Features: Gentle Sloping, On Busline, SqFt 7000 to 9999
Details
- Parcel number: 00844581
- Zoning: MUC1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding
- Foundation: Slab
- Roof: Composition
Condition
- New Construction
- Year built: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: All Landscaping
- Security: Security Lights
- Subdivision: Mountain View
HOA
- Has HOA: No
Location
- Region: Oregon City
Financial & listing details
- Price per square foot: $361/sqft
- Tax assessed value: $1,030,434
- Annual tax amount: $1,082
- Date on market: 11/14/2024
- Cumulative days on market: 52 days
- Listing terms: Cash,Conventional,FHA,Other,Trade,VA Loan
- Total actual rent: 7600
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 2/21/2025 | Sold | $1,190,000-0.8%$361/sqft |
Source:  RMLS (OR) #24072806 Report a problem | ||
| 1/6/2025 | Pending sale | $1,200,000$364/sqft |
Source: RMLS (OR) #24072806 Report a problem | ||
| 12/11/2024 | Price change | $1,200,000-17.2%$364/sqft |
Source: RMLS (OR) #24072806 Report a problem | ||
| 11/14/2024 | Listed for sale | $1,450,000+5818.4%$439/sqft |
Source: RMLS (OR) #24072806 Report a problem | ||
| 8/23/1996 | Sold | $24,500$7/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,521 +871.7% | $525,148 +807.8% |
| 2024 | $1,083 +2.5% | $57,847 +3% |
| 2023 | $1,056 +6% | $56,163 +3% |
| 2022 | $996 +4.2% | $54,528 +3% |
| 2021 | $956 +2.9% | $52,940 +3% |
| 2020 | $929 +2.2% | $51,399 +3% |
| 2019 | $909 +5.2% | $49,902 +3% |
| 2018 | $864 | $48,449 +3% |
| 2017 | $864 +4.6% | $47,038 +3% |
| 2016 | $826 | $45,668 +3% |
| 2015 | $826 +2.6% | $44,338 +3% |
| 2014 | $806 | $43,047 |
Find assessor info on the county website
Neighborhood: Barclay Hills
Nearby homes
- $--2 bd1 ba650 sqft701 S Molalla Ave #101, Oregon City, OR 97045Off Market
- $--2 bd2 ba1k sqft701 S Molalla Ave #102, Oregon City, OR 97045Off Market
- $--2 bd1 ba650 sqft701 S Molalla Ave #201, Oregon City, OR 97045Off Market
- $336,5001 bd1 ba900 sqft701 Molalla Ave #201, Oregon City, OR 97045Off Market
- $--2 bd2 ba700 sqft701 Molalla Ave #102, Oregon City, OR 97045Off Market
- $428,3002 bd2 ba1.9k sqft719 Molalla Ave, Oregon City, OR 97045Off Market
- $521,8004 bd2 ba1.9k sqft724 Molalla Ave, Oregon City, OR 97045Off Market
- $529,7003 bd1 ba2.1k sqft723 Molalla Ave, Oregon City, OR 97045Off Market
Nearby schools
GreatSchools rating
- 6/10Holcomb Elementary SchoolGrades: K-5Distance: 2.5 mi
- 5/10Ogden Middle SchoolGrades: 6-8Distance: 1.2 mi
- 8/10Oregon City High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Holcomb
- Middle: Tumwata
- High: Oregon City
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,181,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,181,300
- Oregon
- Clackamas County
- Oregon City
- 97045
- Barclay Hills
- 701 Molalla Ave
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