421 HARRIS LN, Oregon City, OR 97045
- $390,000
- 3
- BD
- 2
- BA
- 1,262
- SqFt
- Sold Price
- $390,000
- List Price
- $420,000
- Closing Date
- Nov 14, 2025
- Days on Market
- 136
- Status
- SOLD
- MLS#
- 746352584
- Bedrooms
- 3
- Bathrooms
- 2
- Partial Bathrooms
- 1
- Living Area
- 1,262
- Region
- Oregon City, Beavercreek, Canby, Molalla, Mulino
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.
Additional Information
- Tax Amount
- $4,599
- Year Built
- 2004
- High School
- Oregon City
- Elementary School
- Gaffney Lane
- Middle School
- Gardiner
- Garage Spaces
- 1
- Garage Type
- Attached
- Hoa Fee
- $300
- Hoa Payment Freq
- Monthly
- Living Area
- 1,262
- Stories
- 2
- Property Type
- Condominium
- Terms
- Contract
- Accessibility Features
- Garage on Main
- Master Bedroom Level
- Upper
- Cooling Description
- Heat Pump
- Fireplace Description
- Gas
- Fuel Description
- Electricity, Gas
- Heating Description
- Forced Air, Heat Pump
- Hot Water Description
- Gas
- Exterior Description
- Cement Siding, Cultured Stone, Other
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Style
- Townhouse
- Parking
- Other
- Security Or Entry
- Fire Sprinkler System
- Parking Description
- Other
- Covenants/Restrictions
- Yes
- Road Surface
- Paved
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Listing courtesy of Firefly Real Estate. Selling Office: Non Rmls Broker.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.