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2712 SE LAKEWOOD DR

Milwaukie, OR 97222

$650,000

Discover a fantastic investment opportunity with this well-maintained triplex just minutes from downtown Milwaukie. Offering a strong 6.57% CAP rate and a solid rental history, this property is ideal for investors seeking reliable cash flow or owner-occupants looking to offset their mortgage. Choose to maximize income by leasing all three… Read MoreRead Less

Listing courtesy of Cascade Hasson Sotheby's International Realty.

Listing Snapshot

Days Online

Last Updated

Jul 26, 2026

Square Ft.

2,748

Year Built

1995

MLS Number

110879486

30 Days Snapshot Of 97222

$458k

-9%

(avg) sold price

+26%

homes sold

-23%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: CrawlSpace

Building

Building Area Total: 2748, Built in 1995, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3

Cooling

Cooling: None

Expenses

Operating Expense: $14,891

Exterior Features

Exterior Description: VinylSiding

Foundation

Foundation Details: ConcretePerimeter

Heating

Heating: WallHeater

Income

CAP Rate: 6.57, Gross Income: $57,600, Gross Rent Multiplier: 11.28, Net Operating Income: $42,709

Lot

Features: Level, Size Range: SqFt5000to6999, Size: 5,000 to 6,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner

Parking

Features: Assigned, OffStreet, 4 total parking spots

Property

Number Of Units Total: 3, Zoning: HDR

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $9,264, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $1,700, Area: 900, Features: Dishwasher, Range, Refrigerator, WasherDryer, Units Total: 1, 2 total bathrooms, 2 total bedroom

Unit Two

Actual Rent: $1,550, Area: 900, Features: Dishwasher, Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom

Unit Three

Actual Rent: $1,550, Area: 900, Features: Dishwasher, Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom

Utilities

Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Living Room Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Jul 26, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Jul 26, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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2712 SE LAKEWOOD DR

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