MLS# 24613839 – 11067 Se 42nd Ave, Milwaukie, OR 97222 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty Portland Premiere.

Property Description

Description

4 Units

Status: Active

Year Built: 1959

Neighborhood: Hector Campbell

Days on Website: 62

Discover this fantastic 4-plex situated on a desirable corner lot in the heart of Milwaukie. Featuring two spacious 2-bedroom, 1-bath units and two cozy 1-bedroom, 1-bath units, this property offers versatile living options for tenants. Enjoy the convenience of off-street parking and the vibrant community atmosphere, with parks, coffee shops, restaurants, and grocery stores just a short stroll away. Whether you’re looking to expand your investment portfolio or seeking a multi-family living option, this property checks all the boxes. Don’t miss out on this exceptional opportunity!

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

3552

Built in 1959

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense:

$19,465

Exterior Features

Exterior Description:

Brick

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

4.95

Gross Income:

$54,099

Gross Rent Multiplier:

12.94

Net Operating Income:

$34,634

Listing

Contract Status Change Date:

2024-09-17

Days On Market:

Last Transaction Date:

2024-11-12 17:42:27

List Price:

$699,900

Listing Contract Date:

2024-09-17

Listing Id:

24613839

Mls Status:

Active

Modification Timestamp:

2024-11-12 17:42:27

On Market Date:

2024-09-17

Previous List Price:

$729,900

Rent Includes:

TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_145

Subdivision Name:

HECTOR CAMPBELL

County Or Parish:

Clackamas

Lot

Features:

CornerLot

Size Acres:

0.14

Size Range:

SqFt5000to6999

Size Square Feet:

6,098

Size:

5,000 to 6,999 SqFt

Parking

Features:

Driveway

4 total parking spots

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

R-MD

Roof

Roof:

Composition

Schools

High School:

Milwaukie

Middle Or Junior School:

Rowe

Elementary School:

Ardenwald

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,920

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,260

Area:

988

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,200

Area:

988

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,275

Area:

788

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$800

Area:

788

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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$699,900 - Br/0Ba - for Sale in Hector Campbell, Milwaukie

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$699,900 -

11067 Se 42nd Ave 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.