About 421 Harris Ln
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.
Features of 421 Harris Ln
| MLS® # | 746352584 |
|---|---|
| Price | $420,000 |
| Bedrooms | 3 |
| Bathrooms | 2.10 |
| Full Baths | 2 |
| Half Baths | 1 |
| Square Footage | 1,262 |
| Acres | 0.00 |
| Year Built | 2004 |
| Type | Residential |
| Sub-Type | Condominium |
| Style | Townhouse |
| Status | Pending |
Community Information
| Address | 421 Harris Ln |
|---|---|
| Area | 146 - Oregon City, Beavercreek, Canby, Molalla, Mulino |
| City | Oregon City |
| County | Clackamas |
| State | OR |
| Zip Code | 97045 |
Amenities
| Parking Spaces | 1 |
|---|---|
| Parking | Other |
| # of Garages | 1 |
| Garages | Attached |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Garage Door Opener, High Speed Internet, Quartz, Sprinkler, Vinyl Floor, Slate Flooring |
|---|---|
| Appliances | Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Range, Free-Standing Refrigerator, Quartz, Range Hood, Stainless Steel Appliance(s) |
| Heating | Forced Air, Heat Pump |
| Cooling | Heat Pump |
| Fireplace | No |
| Fireplaces | Gas |
| # of Stories | 2 |
| Has Basement | No |
| Basement | Crawl Space, None |
Exterior
| Exterior | Cement Siding, Cultured Stone, Other |
|---|---|
| Exterior Features | Patio, Porch |
| Lot Description | Level |
| Windows | Double Pane Windows |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Gaffney Lane |
|---|---|
| Middle | Gardiner |
| High | Oregon City |
Additional Information
| Date Listed | July 1st, 2025 |
|---|---|
| Days on Market | 115 |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 300 |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | Firefly Real Estate |
|---|---|
| Contact Info | FireflyRealEstate@gmail.com |