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8845 SE 40TH AVE Milwaukie, OR $ 650,000
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$ 650,000 Get more info
8845 SE 40TH AVE
$ 650,000
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Share Save

8845 SE 40TH AVE

Milwaukie, OR, 97222
$ 650,000
Bedrooms4 Baths2.0 Sq 1,644

Monthly Estimate*

$ 4,055

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Multi-Family Home for sale in Milwaukie, OR

for $650,000 with 4 bedrooms and 2 full baths. This 1,644 square foot home was built in 1977.

Welcome to this updated single-level duplex on a large corner lot with spacious, fully fenced backyard & patio. Each unit is features 2 bedrooms, 1 bath & 822 square feet, including a cozy living room with a fireplace & kitchen with refrigerator, range & built-in microwave. Both units are fully leased with an excellent rental history, generating a projected annual income of $43,080. Each home includes an attached garage, additional driveway parking, and all appliances. Close to Parks, Schools, Hospital, Shopping & much more...This duplex has been well maintained inside and out. Please do not disturb tenants.

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Multi-Family Active

Price

$ 650,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,426

Style

Year Built

1977

Town/City

Milwaukie

County/Region

Clackamas

MLS | Web ID

202360373
Features
General
Sewer PublicSewer
Heating Baseboard WoodStove
Roof Composition
Zoning R-MD
Garage Spaces 2.0
Year Built 1977
Stories Count 1
Tax Year 2024
Parcel Number 00000698
Gross Income 42540.0
County Clackamas
Net Operating Income 33262.0
Operating Expense 9278.0
Property Type MultiFamily
HOA N
Subdivision Name Ardenwald / Milwaukie
Rent Includes Water
Status Active
Directions Johnson Creek Blvd to Se 40th South on Se 40th to address
High School Milwaukie
City Milwaukie
Disclosures Disclosure
Number Of Units Total 2
MLS Area _145
Listing Terms Cash Conventional FHA VALoan
Elementary School Ardenwald
Tax Annual Amount 5426.37
Middle/Junior High School Rowe
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 555 MASONMEAD LTS 1&2 BLK 3
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Interior
Basement CrawlSpace
Storage Garage
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway Garage
Lot Features CornerLot
Water Source PublicWater
Total Parking 2.0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 1644.0
Road Surface Type Paved
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Internal Only
Street Number 1 8845
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* Excluded Features
List By
Soldera Properties, Inc

Broker

homes@bobbiandalicia.com

Email

Affordability Calculator

$4,507
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,055
Monthly Property Taxes
$452
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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.
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Nearby
1950214 Elementary School
1949208 Middle School
Milwaukie High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/30/2025$650,000 Listed Price

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8845 SE 40TH AVE, Milwaukie, OR, 97222 is a Multi-Family Home for sale at $650,000 with 1,644 sqft. 8845 SE 40TH AVE has 4 bedrooms, 2.0 baths, and was built in 1977. The property's zip code is 97222 which is in Milwaukie, OR

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