13211 SE OATFIELD RD
Milwaukie, OR, 97222 $ 1,550,000
Bedrooms6 Baths6.0 Sq 5,400 Monthly Estimate*
$ 10,827
for $1,550,000 with 6 bedrooms and 6 full baths. This 5,400 square foot home was built in 1971.
Rare turn-key investment opportunity located at the end of the Milwaukie MAX line. This fully leased-up 6-unit investment features meticulously renovated 2BD/1.5 BA apartments. The property comprises three separate 2-story duplex buildings on two tax lots, ideally situated in Milwaukie between two main arteries, Oatfield Road and McLoughlin Blvd. The remodeled units showcase updated kitchens with new cabinets, countertops, fixtures, hardware, and stainless steel appliances. Bathrooms have been modernized with new vanities, flooring, toilets, and fixtures. The remaining units boast new laminate flooring, carpets in bedrooms, light fixtures, in-wall heaters, outlets, doors, hardware, and fresh paint. Each unit includes a primary suite with an attached half bath, a new washer & dryer located in the hallway, and an attached exterior storage unit. The property offers ample off-street parking, semi-private large yard space for lower units, and beautiful new large decks for the upper units. Exterior enhancements feature new fences, decks, double-paned vinyl windows, newer roofs, and exterior paint. With a residential feel and high income potential, the updated 6-Plex ensures a low-maintenance investment for the discerning buyer.
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FeaturesGeneralSewer PublicSewer
Heating WallHeater Zoned
Roof Composition
Zoning MR1
Security Features SecurityLights
Year Built 1971
Stories 2
Tax Year 2023
Gross Income 119964.0
Community Features Commons FrontYardLandscaping
County Clackamas
Net Operating Income 92344.0
Operating Expense 27620.0
Property Type MultiFamily
Rent Includes Sewer TrashCollection Water
Status Active
Directions Silver Springs Road
High School Putnam
City Milwaukie
Total Units 6
MLS Area _145
Street Name OATFIELD
Listing Terms Cash Conventional
Elementary School Oak Grove
Tax Annual Amount 7721.0
Middle/Junior High School Alder Creek
Property Condition UpdatedRemodeled
Virtual Tour https://my.matterport.com/show/?m=7ny6mmKkMKB
Days on Market 84
Standard Status Active
Legal Description SECTION 01 TOWNSHIP 2S RANGE 1E QUARTER BD TAX LOT 01202
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InteriorBasement CrawlSpace
Storage IndividualStorageUnits
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit 3 Baths Total 2
Unit 3 Beds Total 2
Street Suffix RD
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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ExteriorParking Features OffStreet
Lot Features Level
Water Source PublicWater
Total Parking 10.0
Exterior Description T111Siding WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 5400.0
Road Surface Type Paved
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* Excluded FeaturesList ByRe/Max Advantage GroupBroker
amanda@pnwcommercialre.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,827
- Monthly Property Taxes
- $643
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Milwaukie, OR
Average List Price $1,403,414
Percent of Sale Price 9%
About Milwaukie, OR 21,166 Population
3% Since 2002
$ 58,128 Median Income
42.01 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949065 Elementary School
1948946 Middle School
Putnam High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/5/2024 | $1,550,000 | | Listed Price |