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3942 SE MONROE ST Milwaukie, OR $ 695,000
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3942 SE MONROE ST
$ 695,000
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3942 SE MONROE ST

Milwaukie, OR, 97222
$ 695,000
Bedrooms5 Baths2.0 Sq 2,060

Monthly Estimate*

$ 4,388

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Multi-Family Home for sale in Milwaukie, OR

for $695,000 with 5 bedrooms and 2 full baths. This 2,060 square foot home was built in 1981.

Fabulous investment opportunity with this well maintained duplex, positioned in a desirable and growing location! The 3944 side features a spacious three bedroom one bathroom unit, while 3942 offers a charming two bedroom one bathroom unit. Each unit with a separate garage, parking, access to backyard space, dishwashers and washer/dryer. Both units are currently occupied by reliable tenants on annual leases, who have established a proven track record of residency. Their expressed desire to stay long-term has ensured a steady stream of rental income, minimizing turnover costs. This well-cared-for duplex represents a prime investment opportunity! [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10204906]

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Multi-Family Active

Price

$ 695,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,815

Style

Year Built

1981

Town/City

Milwaukie

County/Region

Clackamas

MLS | Web ID

484752530
Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Composition
Zoning R3
Garage Spaces 0
Year Built 1981
Tax Year 2025
Parcel Number 00021988
Gross Income 38040.0
County Clackamas
Net Operating Income 16620.0
Operating Expense 2000.0
Property Type MultiFamily
HOA N
Subdivision Name ARDENWALD
Rent Includes None
Status Active
Directions Monroe
High School Milwaukie
City Milwaukie
Disclosures Disclosure
Number Of Units Total 2
MLS Area _145
Listing Terms Cash Conventional FHA
Elementary School Ardenwald
Tax Annual Amount 3815.32
Middle/Junior High School Rowe
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 59 MINTHORN ADD LTS 3&4 BLK 70
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Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway
Lot Features Level
Water Source PublicWater
Total Parking 2.0
Exterior Description Other
Building Area Total 2060.0
Road Surface Type Paved
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Internal Only
Street Number 1 3942
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* Excluded Features
List By
Harnish Company Realtors

Broker

harnish@harnishproperties.com

Contact

Affordability Calculator

$4,706
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,388
Monthly Property Taxes
$318
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
1950214 Elementary School
1949208 Middle School
Milwaukie High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/11/2026$695,000 Listed Price

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3942 SE MONROE ST, Milwaukie, OR, 97222 is a Multi-Family Home for sale at $695,000 with 2,060 sqft. 3942 SE MONROE ST has 5 bedrooms, 2.0 baths, and was built in 1981. The property's zip code is 97222 which is in Milwaukie, OR

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