MLS# 253027731 – 15026 Se Arista Dr, Milwaukie, OR 97267 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Sunset Corridor.

Property Description

Description

8 Units

Status: Active

Year Built: 1942

Neighborhood: Oak Grove

Days on Website: 14

Presenting a prime investment opportunity in the desirable Oak Grove neighborhood. This one-story eight plex sits on a large lot with expansion potential. The property includes five 1-bedroom / 1 bath units and three 2-bedroom / 1 bathroom units, each equipped with a refrigerator and range. The building boasts a newer roof, on site laundry, and extra storage. With great tenants and well maintained grounds, this property ensures steady rental income. Currently, one unit is vacant and offers the possibility to live on-site. This is a fantastic chance to invest in a thriving community!

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

5875

Built in 1942

Storage:

Locked

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Community

Community Features:

Laundry

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

42765

Operating Expense:

$41,154

Exterior Features

Exterior Description:

T111Siding,WoodSiding

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

5.94

Gross Income:

$119,570

Gross Rent Multiplier:

11.04

Gross Scheduled Income:

$132,808

Net Operating Income:

$78,416

Net Scheduled Income:

95042

Listing

Contract Status Change Date:

2025-02-11

Days On Market:

Last Transaction Date:

2025-02-11 15:42:51

List Price:

$1,320,000

Listing Contract Date:

2025-02-11

Listing Id:

253027731

Mls Status:

Active

Modification Timestamp:

2025-02-11 15:42:52

On Market Date:

2025-02-11

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_145

Subdivision Name:

OAK GROVE

County Or Parish:

Clackamas

Lot

Size Acres:

0.76

Size Range:

SqFt20000toAcres1

Size Square Feet:

33,105

Size:

20,000 SqFt to .99 Acres

Miscellaneous

Investor Information:

Leases,ProfitLossStatement,RentRecords

Parking

Features:

Open,Paved

20 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

R-7

Roof

Roof:

Composition

Schools

High School:

Putnam

Middle Or Junior School:

Alder Creek

Elementary School:

Oak Grove

Security Features

Features:

Unknown

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,138

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,185

Area:

3325

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,295

Area:

2550

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,320,000 -

15026 Se Arista Dr Milwaukie , OR 97267

MLS Area Major: _145

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on February 25, 2025 11:43AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.