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$390,000
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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.
Full Property Details
Full Property Details for 421 Harris Ln
General
- Sold For: $390,000
- HOA FEE: $300/month
- Taxes: $4,599 (2024)
- Status: Sold
- Type: Townhouse
- Source: RWMLS
- MLS ID: 746352584
- Added to Site: 200 day(s) ago
Interior
- Interior Features: Garage Door Opener, High Speed Internet, Quartz, Slate Flooring, Sprinkler, Vinyl Floor
- Fireplace(s): Gas
- Appliances: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Range, Free-Standing Refrigerator, Quartz, Range Hood, Stainless Steel Appliance(s)
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Partial Bathrooms: 1
- Upper - Full Baths: 2
Bedrooms
- Total Bedrooms: 3
- Primary Bedroom: 21 x 11, Upper, 231 Sq. Ft.
- Bedroom 2: 12 x 9, Upper, 108 Sq. Ft.
- Bedroom 3: 10 x 9, Upper, 90 Sq. Ft.
Other Rooms
- Living Room: 14 x 12, Main, 168 Sq. Ft.
- Kitchen: 10 x 7, Main, 70 Sq. Ft.
- Dining Room: 12 x 10, Main, 120 Sq. Ft.
Additional Information
- Shared Amenities: Commons, Sewer, Trash, Water
- Security/Safety: Fire Sprinkler System
Exterior
- Exterior Features: Patio, Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Total Spaces: 1
- Parking Features: Other
Location
- County: Clackamas
- Driving Directions: Molalla Ave. to Harris lane to home on left
School Information
- Midd School District: Gardiner
- Elementary School: Gaffney Lane
- Middle School: Gardiner
- High School: Oregon City
Community
- Community Name: 146 - Oregon City, Beavercreek, Canby, Molalla, Mulino
- Association: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Forced Air, Heat Pump
- Heating Fuel: Electricity, Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Architectural Style: Townhouse
- Basement Desc.: Crawl Space, None
- Roof: Composition
- Windows: Double Pane Windows
- Stories/Levels: 2
- Square Feet: 1,262
- Year Built: 2004
- Property Condition: Resale
Lot Features
- Frontage: Paved
- Lot Features: Level
Financial Considerations
- Association Fee: $300
- Assoc Fee Freq.: Monthly
- Tax Amount: $4,599.62
- Tax Year: 2024
- Terms: Contract
Disclosures and Reports
- Disclosures/Reports: Disclosure
- Property ID: 5011695
Listed by Firefly Real Estate (503) 829-8328, Aimee Davis (503) 829-8328
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls
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Schools
Schools serving 421 Harris Ln
School District:Oregon City School District 62
| Name | Grades | Distance |
|---|---|---|
Gaffney Lane Elementary School 13521 Gaffney Lane, Oregon City, OR 97045 | K-5 | 1.1 mi |
Gardiner Middle School 205 Williams Street, Oregon City, OR 97045 | 6-8 | 0.6 mi |
Oregon City High School 19761 South Beavercreek Road, Oregon City, OR 97045 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 421 Harris Ln
Date
Details
Price
Change
Source
11/14/2025
Sold
$390,000
-7.14%
MLS
7/01/2025
Listed
$420,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
421 Harris Ln, Oregon City, OR 97045 (MLS# 746352584) is a Townhouse property that was sold at $390,000 on November 14, 2025. Want to learn more about 421 Harris Ln? Do you have questions about finding other Townhouse real estate for sale in Northwest Heights? You can browse all Northwest Heights real estate or contact a Coldwell Banker agent to request more information.

