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Milwaukie, OR 97267
Square Ft.
5,875
Active
Multifamily
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$1,320,000
Presenting a prime investment opportunity in the desirable Oak Grove neighborhood. This one-story eight plex sits on a large lot with expansion potential. The property includes five 1-bedroom / 1 bath units and three 2-bedroom / 1 bathroom units, each equipped with a refrigerator and range. The building boasts a… Read MoreRead Less
Listing courtesy of Keller Williams Sunset Corridor.
Listing Snapshot
Days Online
31
Last Updated
Square Ft.
5,875
Lot Size
0.76 Acres
Year Built
1942
MLS Number
253027731
30 Days Snapshot Of 97267
$479k
+11%
(avg) sold price
19
-5%
homes sold
69
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 5875, Built in 1942, Storage: Locked, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2
Community
Community Features: Laundry
Cooling
Cooling: None
Expenses
Operating Expense Scheduled: 42765, Operating Expense: $41,154
Exterior Features
Exterior Description: T111Siding, WoodSiding
Foundation
Foundation Details: Slab
Heating
Heating: Baseboard
Income
CAP Rate: 5.94, Gross Income: $119,570, Gross Rent Multiplier: 11.04, Gross Scheduled Income: $132,808, Net Operating Income: $78,416, Net Scheduled Income: 95042
Lot
Size Acres: 0.76, Size Range: SqFt20000toAcres1, Size Square Feet: 33,105, Size: 20,000 SqFt to .99 Acres
Miscellaneous
Investor Information: Leases, ProfitLossStatement, RentRecords
Parking
Features: Open, Paved, 20 total parking spots
Property
Number Of Units Total: 8, Property Condition: Existing, Zoning: R-7
Roof
Roof: Composition
Security Features
Features: Unknown
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $6,138, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $1,185, Area: 3325, Features: Range, Refrigerator, Units Total: 5, 1 total bathroom, 1 total bedroom
Unit Two
Actual Rent: $1,295, Area: 2550, Features: Range, Refrigerator, Units Total: 3, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Internet Service Type: Cable, Water Source: PublicWater
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Monthly Payment
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Erika George and Kari McGee
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Schools In The Area

Check out nearby schools with ratings and contact info.
Oak Grove Elementary School 503-353-5520 Public PK-5
Alder Creek Middle School 503-353-5700 Public 6-8
Rex Putnam High School 503-353-5860 Public 9-12
Oak Grove Elementary School 503-353-5520 Public PK-5
Oak Grove Elementary School 503-353-5520 Public PK-5
Alder Creek Middle School 503-353-5700 Public 6-8
Rex Putnam High School 503-353-5860 Public 9-12

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