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Listed by Tree City Real Estate • Lizbeth@treecityhomes.com
$ 824,900
Est. payment | /mo
2,610 SqFt
$ 824,900
Est. payment | /mo
2,610 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,610 sqft
Price per Sqft $316
MLS Listing ID 355435792
HOA Y/N No
Year Built 2005
Annual Tax Amount $7,560
Tax Year 2025
Lot Size 6,969 Sqft
Property Description
Two spacious residences, established rental income, and individual outdoor spaces make this Milwaukie duplex an appealing investment opportunity. Each townhome-style unit features 3 bedrooms, 2.5 bathrooms, an attached single-car garage, and approximately 1,228 square feet of living space, totaling approximately 2,457 square feet.Comfortable floor plans offer main-level living and dining areas, oak kitchen cabinetry, a convenient half bath, and individual laundry areas, with three bedrooms and two full bathrooms upstairs. Unit 5228 features stainless steel appliances, including a refrigerator, new dishwasher, microwave, and stove/oven, plus a new kitchen sink, new washer and dryer, and new window blinds throughout the entire unit. Covered front porches, rear patios, and separately fenced backyards provide welcoming spaces to relax and enjoy the outdoors.Tenant-occupied and professionally managed, the property offers combined scheduled rent of $4,499 per month under the signed leases, with tenants responsible for utilities. Additional potential: the previous owner reported completing due diligence with the county and being one step away from formally separating the units into individually owned attached single-family residences. This possibility has not been independently verified; buyers to confirm feasibility, required approvals, and remaining steps with the county. An opportunity to explore future ownership flexibility while enjoying established rental income.
Location
Province OR
County Clackamas
Area _145
Zoning MR1
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Cooling Air Conditioning Ready
Exterior
Garage Spaces 2.0
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Candy Lane
Middle Schools Gardiner
High Schools Oregon City
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan








