6498 Lowry Drive

West Linn, OR 97068

$1,495,000
Price
Beds
5,100 Sq. Ft.
$293 / Sq. Ft.
5,100
Sq. Ft.
$293
per Sq. Ft.

Description

Century Crest Apartments, fully occupied 6 units in desirable West Linn. Recent upgrades include new roof and windows completed in 2021, landscaping and interior improvements. Rents are well below market leaving upside for a buyer. Please do not disturb residents.Century Crest Apartments, fully occupied 6 units in desirable West Linn. Recent upgrades include new roof and windows completed in 2021, landscaping and interior improvements. Rents are well below market leaving upside for a buyer. Please do not disturb residents.
  1. Listed by Glenna Cooke • GA Cooke Real Estate Services

Property Details for 6498 Lowry Drive

Parking Features
Off Street
Zoning
multi
LISTING UPDATED: 09/24/2024 12:43 PM

Property Details for 6498 Lowry Drive

StatusActive
MLS #24008180
Days on Market62
Taxes$7,909 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1972
Lot Size0.22 AC / 9,583 SF
CountyClackamas County

Building Information for 6498 Lowry Drive

Stories-Residences6Year Built1972Building Size-Lot Size0.22 AC / 9,583 SF

Property Information for 6498 Lowry Drive

Summary
Location and General Information
  • Country: US
  • Directions: Corner of Lowry and Century
  • Road Surface: Paved
School Information
  • Elementary School: Bolton
  • High School: West Linn
  • Middle Or Junior School: Rosemont Ridge
Taxes and HOA
  • Management Name: Call Owner 2
  • Tax Year: 2023
  • Tax Annual Amount: $7,908.98
  • Parcel Number: 00379655
  • Tax Legal Description: 856 BEAMS 1ST ADD LT 6 BLK 2
Property
Lot Information
  • Acres: 0.22
  • Lot Size Square Feet: 9583.0
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1972
Utilities
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum, Brick
  • Roof Type: Flat
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
  • Gross Income Actual: $104,978.00
  • Gross Income Projected: $118,380.00
  • Gross Rent Multiplier: $14.24
  • Investor Information: Annual Property Operation Data, Profit Loss Statement
  • Net Income Actual: $70,509.00
  • Net Income Projected: 81747
  • Operating Expenses Projected: $36,633.00
  • Operating Expense: $34,469.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 5100
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Range, Refrigerator
  • Unit Type 1 Rent: $1,375
  • Unit Type 1 SqFt: 650.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Deck, Range, Refrigerator
  • Unit Type 2 Rent: $1,445
  • Unit Type 2 SqFt: 850.0
  • Unit Type 2 Units Total: 2
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Range, Refrigerator
  • Unit Type 3 Rent: $1,200
  • Unit Type 3 SqFt: 850.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Deck, Range, Refrigerator
  • Unit Type 4 Rent: $1,465
  • Unit Type 4 SqFt: 850
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Range, Refrigerator
  • Unit Type 5 Rent: $1,425
  • Unit Type 5 SqFt: 850.0
  • Unit Type 5 Units Total: 1

Property History for 6498 Lowry Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6498 Lowry Drive

Taxable ValueLand-Additions-Total-
Tax Record2023$7,909 ($659 / month)
Home Facts
Lot Size9,602 SqFtStyleMulti-Family Dwelling (2-4)Year Built1972ZoningR10CountyCLACKAMASAPN21E25AB04300

Schools near 6498 Lowry Drive

This home is within West Linn-Wilsonville School District 3j.
Rating
School
Type
Grades
Distance
Public - PK to 5
Charter - 4 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bolton Primary School
PublicPK to 5

Three Rivers Charter School
Charter4 to 8

West Linn High School
Public9 to 12

Arts And Technology High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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6498 Lowry Drive is a multi-family home for sale in West Linn, OR 97068. This property was listed for sale on September 24, 2024 by GA Cooke Real Estate Services, it's currently listed at $1,495,000. It has been on the market for a total of 62 days and was last sold on January 30, 2020. This listing's school district is West Linn-Wilsonville School District 3j. Nearby schools include Bolton Primary School, Three Rivers Charter School and West Linn High School. 6498 Lowry Drive is a 0-bed, 0-bath, 5,100 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GA Cooke Real Estate Services

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