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
Member of: National Association of REALTORS® (NAR)
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Property ID - | 727518
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