$420000
3 Bed
2.5 Bath
1262 SqFt
100 DOM
Built: 2004
Status: Active
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 Provided Courtesy of Aimee Davis, Firefly Real Estate
746352584
Condominium
100 DOM
3
2.5
1262
2004
Clackamas
05011695
Gaffney Lane
Gardiner
Oregon City
Residential
Condominium
CONDOMINIUM HARRIS LANE CONDOMINIUM 3951 UNIT 3
Listing Provided Courtesy of Aimee Davis, Firefly Real Estate
PDXA1 Realty Group data last checked: Oct 13, 2025 04:17 | Listing last modified Oct 09, 2025 12:28,
Source:
688
574
0
1262
county
1262
3
2
1
2.5
Composition
1, Attached
Townhouse
Other
2
2004
No
CementSiding, CulturedStone, Other
CrawlSpace,None
CrawlSpace,None
ConcretePerimeter
DoublePaneWindows
Commons, Sewer, Trash,
LivingRoomDiningRoomCombo
Dishwasher, Disposal, FreeStandingGasRange, FreeStandingRange, FreeStandingRefrigerator, Quartz, RangeHood
GarageDoorOpener, HighSpeedInternet, Quartz, SlateFlooring, Sprinkler, VinylFloor
Patio, Porch
GarageonMain
HeatPump
Gas
ForcedAir, HeatPump
PublicSewer
Gas
Electricity, Gas
4599.62
1
300 / Month
Contract
07-01-2025
2200
No
No
100
104
Contract
$420,000
$420,000
Oct 09, 2025 12:28
Listing courtesy of Firefly Real Estate.
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 © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Oct 13, 2025 04:17 | Listing last modified Oct 09, 2025 12:28.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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