$905,000
SOLD DEC 13, 2024

13211 SE Oatfield Rd Milwaukie, OR 97222

-- Bed
-- Bath
3,600 Sq Ft
10,018 Sq Ft Lot

Recently Sold

$251 Per Sq Ft

1% Below List Price

10 Days on Market

Highlights

  • Storage
  • Landscaped
  • Wood Siding
  • Zoned Heating
  • Level Lot

About This Home

As of December 2024

Rare turn-key investment opportunity located at the end of the Milwaukie MAX line. This fully leased-up 4-plex investment features meticulously renovated 2BD/1.5 BA apartments. The property comprises two separate 2-story duplex buildings on one tax lot. This property is 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 remodeled 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 a beautiful new large deck for the upper unit. 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 4-plex duplex provides a unique opportunity to own a low-maintenance investment for the discerning buyer.

Last Agent to Sell the Property

Amanda Rose

RE/MAX Advantage Group License #201227281 Listed on: 09/17/2024

RE/MAX Advantage Group

Last Buyer's Agent

Rosie Herboth

Premiere Property Group, LLC License #201221307

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,088

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • 10,018 Sq Ft Lot
  • Landscaped
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Storage
  • Crawl Space
  • Security Lights

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Schools

  • Oak Grove Elementary School
  • Alder Creek Middle School
  • Putnam High School

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00170852

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $12,415
  • Gross Income $81,600
  • Net Operating Income $69,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,088

Year Built

Built in 1971 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1971
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding,WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 8.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: SecurityLights
  • Cooling Y N: No
  • Heating: WallHeater, Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: FrontYardLandscaping

Schools

  • Elementary School: Oak Grove
  • High School: Putnam
  • Middle Or Junior School: Alder Creek

Lot Info

  • Zoning: MR1
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10018.0
  • Parcel #: 00170852

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 5088.14
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 11.21
  • Annual Gross Income: 81600.0
  • Property Net Operating Income: 69185.0
  • Annual Operating Expense: 12415.0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2024 12/13/24 Sold $905,000 -1.1% $251 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $915,000 0.0% $254 / Sq Ft
09/01/2024 09/01/24 For Rent $1,650 -- --
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24357334

Regional Multiple Listing Service (RMLS)

APN: 21E01BD01201