6403 Tompkins Ct 3 Unit Apartment Building Offered at $1,326,124 CAD at a 5.42% Cap Rate West Linn, OR 97068

A rare West Linn triplex positioned in one of Portland metro’s most affluent, supply-constrained suburbs. The property features an oversized unit mix consisting of one large 1×1 and two large 2×1 units with individual basements, and one detached garage.

A Tompkins Ct Triplex, an exceptional investment opportunity nestled in the affluent city of West Linn, Oregon, strategically located between the highly desirable suburbs of Lake Oswego and Oregon City. This property is positioned in one of the Portland metro area's most sought-after neighborhoods, making it a prime choice for discerning investors. From day one, savvy investors can capitalize on the growing demand for "quality of life" as families prioritize space and educational opportunities over urban amenities. The long-term upside is equally compelling, with ample possibility for raising rents to market value and implementing a utility bill-back system.
Recently, ownership has injected additional capital into the property, enhancing its value and appeal. Upgrades include a new roof, an expanded driveway, a modern deck, and gutter replacements. Interior improvements feature updated kitchens and bathrooms, along with upgraded laundry and HVAC appliances, ensuring an attractive and comfortable environment for tenants. The asset benefits from low vacancy rates in the submarket, access to top-ranked schools, and limited new multifamily deliveries expected in 2025–26. This favorable environment supports strong occupancy rates and promising rent growth.
The Triplex is ideally located just a few blocks from Willamette Drive (OR 43), approximately one mile from I-205, and 1.5 miles from OR 99E, offering excellent access to vital employment centers in Lake Oswego and Portland to the north, Oregon City to the south, and Tualatin to the west. Surrounding recreational amenities include the beautiful Mary S. Young Park, Burnside Park, Wilderness Park, and Cedar oak Boat Ramp, catering to active lifestyles. Moreover, this property is only minutes away from essential conveniences, including grocery stores, restaurants, and retail locations at West Linn Central Village, Robinhood Shopping Center, and Cascade Summit Town Square.