2507 SE Monroe St, Milwaukie, OR 97222

$1,500,000

Beds

Baths

0.28 ac

Property Size

1963

Year Built

About The Property

Great location! Value-added 8-Unit apartment building in the heart of Milwaukie, just around the corner from largest Waldorf school in the State and one block from Milwaukie High School, near the waterfront and restaurants. 6 units out of 8 have been remodeled/updated during 2021-2023. Total 8 unit at one level: 1 unit has 2B/1.1B, 6 units are 2B/1B, 1 unit has 1B/1B. Low maintenance, brick siding, newer roof and newer kitchen appliances! New electric panels in all units! fully rented! Cap rate at 5.93%! Turn-key opportunity to expand your real estate portfolio!

ARCHITECTURE

Stories: 1
Condition: Updated/Remodeled
Year Built: 1963
Roof Type: Composition
Foundation Details: Concrete Perimeter
Basement Details: Crawl Space

INTERIOR FEATURES

Heating Type: Baseboard
Fuel Type: Electricity
Interior SqFt: 6000

EXTERIOR FEATURES

Lot Features: Level
Lot size (Acres): 0.28
Zoning: R1B
Water Source: Public Water
Sewer: Public Sewer

SCHOOLS

Elementary: Other
High School: Milwaukie
Middle: Rowe

TAX & FINANCIAL

Annual Tax: $10291.42
Terms Considered: Cash, Conventional
Tax Year: 2025

LISTING INFO

Listing courtesy of Brantley Christianson Real Estate | 503-616-8122
Days On Market: 129

Map Location

Property Map

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

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Erik Leland

Luxury Property Advisor | OR License 201225800
Member of: National Association of REALTORS® (NAR)

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Property ID - | 727518

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Erik Leland