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13455 SE OATFIELD RD

Milwaukie, OR 97222
Square Ft.
27,650
Active
Multifamily
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$4,850,000
Driftwood Terrace Apartments is a 33-unit multifamily community located in the desirable Oak Grove / Milwaukie Heights area of Clackamas County. Constructed in 1965, the property features a low-density garden-style courtyard setting with mature landscaping and attractive grounds. The property offers a diverse unit mix consisting of studio, one-bedroom, two-bedroom,… Read MoreRead Less
Listing courtesy of Barry Investment Real Estate.
Listing Snapshot
Days Online
1
Last Updated
Square Ft.
27,650
Lot Size
2.1 Acres
Year Built
1965
MLS Number
660527886
30 Days Snapshot Of 97222
$512k
-2%
(avg) sold price
20
-44%
homes sold
39
-38%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 27650, Built in 1965, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Cooling
Cooling: None
Expenses
Operating Expense Scheduled: 244046, Operating Expense: $244,046
Exterior Features
Exterior Description: SprayFoamInsulation
Heating
Heating: WallHeater
Income
CAP Rate: 6.52, Gross Income: $560,405, Gross Rent Multiplier: 8.65, Gross Scheduled Income: $587,549, Net Operating Income: $316,359, Net Scheduled Income: 343503
Lot
Features: Level, Size Acres: 2.1, Size Range: Acres1to3, Size Square Feet: 91,476, Size: 1 to 2.99 Acres
Miscellaneous
Investor Information: AccordingToOwner, AnnualPropertyOperationData, RentRecords
Parking
Features: OffStreet
Property
Number Of Units Total: 33, Zoning: MR1
Roof
Roof: Flat
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $40,412, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,095, Area: 249, Features: Dishwasher, Range, Refrigerator, Units Total: 1, 1 total bathroom
Unit Two
Actual Rent: $1,287, Area: 650, Features: Dishwasher, Range, Refrigerator, Units Total: 10, 1 total bathroom, 1 total bedroom
Unit Three
Actual Rent: $1,392, Area: 800, Features: Dishwasher, Range, Refrigerator, Units Total: 18, 1 total bathroom, 2 total bedroom
Unit Four
Actual Rent: $1,683, Area: 950, Features: Dishwasher, Range, Refrigerator, Units Total: 4, 1 total bathroom, 3 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater
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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 KG-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 KG-5
Oak Grove Elementary School 503-353-5520 Public KG-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.