MLS# 24289122 – 4393 Se Lake Rd, Milwaukie, OR 97222 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Nostalgic Home Realty.

Property Description

Description

3 Units

Status: Active

Year Built: 1929

Neighborhood: 1 Mile From Downtown Milwaukie

Days on Website: 143

Best location, style, and value! Triplex Investment with Massive Upside Potential on Oversized Lot! Neighborhood of tree-lined streets and new development of luxury $800,000 SFR homes. Property is 1 mile to popular downtown Milwaukie, MAX train and new riverfront park. Easy place to live without a car. Bike path along newly paved Lake Rd, less than 10 minutes to New Seasons, Bob's Red Mill Cafe, farmer's market, and Clackamas Town Center. Upstairs: 3 bed/2 bath home with deck and huge, private backyard. Ground level: Two 1 bed/1 bath inviting apartments. Good condition with new paint + roof. Currently zoned for 4plex, may add more rental structures according to city-massive upside potential!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

None

Building

Building Area Total:

3350

Built in 1929

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Expenses

Operating Expense:

$4,800

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

Slab

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Baseboard,ForcedAir,GasStove

Income

CAP Rate:

7.85

Gross Income:

$69,540

Gross Rent Multiplier:

11.86

Net Operating Income:

$64,740

Listing

Contract Status Change Date:

2024-06-26

Days On Market:

147

Last Transaction Date:

2024-06-26 15:27:59

List Price:

$825,000

Listing Contract Date:

2024-06-26

Listing Id:

24289122

Mls Status:

Active

Modification Timestamp:

2024-08-05 03:00:01

On Market Date:

2024-06-26

Rent Includes:

TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_145

Subdivision Name:

1 mile from downtown Milwaukie

County Or Parish:

Clackamas

Lot

Features:

GentleSloping,Level

Size Range:

SqFt15000to19999

Size:

15,000 to 19,999 SqFt

Parking

Features:

Garage,OffStreet

7 total parking spots

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

R10

Roof

Roof:

Composition

Schools

High School:

Milwaukie

Middle Or Junior School:

Rowe

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,424

Legal Description

Tax Deferral

Unit One

Actual Rent:

$2,800

Area:

1513

Features:

Deck,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,400

Area:

897

Features:

Disposal,Range,Refrigerator,Unfurnished

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,595

Area:

940

Features:

Disposal,Refrigerator,Unfurnished,WasherDryerHookup

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity,Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$825,000 -

4393 Se Lake Rd Milwaukie , OR 97222

MLS Area Major: _145

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 21, 2024 12:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.