Opportunities abound for potential addition via full daylight basements, detached 2-car garages, and a large city lot. It features new energy-efficient windows, a newer roof, updated electrical panels, new energy-efficient electric wall heaters, and LED lighting fixtures throughout. Hardwood floors and tasteful built-ins enhance the charm throughout the property. There's a spacious full basement equipped with a full-size washer, dryer, and utility sink basin. Additionally, the property includes a detached double garage, one for each unit, and ample off-street parking. The units themselves are light, bright, and sunny with rear doors to a private backyard. The location is exceptional, situated just 4 blocks from downtown Milwaukie, 3 blocks from the MAX transit station, and 2 blocks from the new New Seasons Market shopping complex. Both units are fully occupied by tenants at premium rents and we kindly request not to disturb them (DND). Please view the video tour.
Property Features
Bedrooms
Bathrooms
Interior Features
Heating and Cooling
- Heating Features: WallFurnace
- Heating: Yes
- Water Heaters: Electricity
Other Rooms
- Basement Description: FullBasement
Land Info
- Lot Description: Level
- Lot Size Acres: 0.1899908
- Lot Size Square Feet: 8276
Garage and Parking
- Garage Spaces: 2
- Parking Features: Detached, Garage
Exterior and Lot Features
School Information
- Elementary School: Milwaukie
- High School: Milwaukie
- Middle School: Rowe
Rental Info
- Gross Income: 41760
- Rent Includes: Sewer, TrashCollection, Water
Multi-Unit Info
- Number of Units: 2
- Unit Type: UnitTypeType1, UnitTypeType2
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- LotSizeRange: SqFt7000to9999
- Annual Tax Amount: 5937.569999999
- Source Listing Status: Active
- County: Clackamas
- Cap Rate: 4.22
- Directions: SE 29th
- Tax Year: 2023
- Source Property Type: MultiFamily
- Parcel Number: 00025895
- Zoning: Mult
- Source System Name: C2C
Commercial Info
- Net Operating Income: 29323
- Operating Expense: 12437
Building and Construction
- Year Built: 1954
- Building Area Total: 3336
- Building Exterior Type: Brick, WoodSiding
- Foundation Details: ConcretePerimeter
- Property Age: 70
- Property Condition: Existing
- Roof: Composition
- Levels or Stories: 2
Utilities
- Sewer: PublicSewer
- Water Source: PublicWater
Home Features
- Security Features: Sidewalk