$479,000
$46K PRICE DROP

2910 SE Oak Grove Blvd Milwaukie, OR 97267

Estimated payment $3,000/month

Total Views 19,964
3 Beds
2 Baths
1,763 Sq Ft
$272 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • 1-Story Property
  • Forced Air Heating System
  • Level Lot

About This Home

Opportunity knocks! Two units, both currently rented, with excellent cash flow. The main house in front is 1,188 sq. ft. incl. converted garage, 2 BR/1 bath, currently rented at $1,650/month. The second house in rear has been recently refreshed and is 575 sq. ft., 1 BR/1 bath, currently rented at $1,350/month. Conveniently located between the Oak Grove Blvd. shops & McLoughlin Blvd: walk to Fred Meyer & transit. Commercial zoning (C3) offers even more opportunities! Photos are from when the rear unit was refreshed, prior to the current tenancy of that unit.

Listing Agent

Wayne Sanman

RE/MAX Equity Group License #900600415 Listed on: 09/22/2024

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,184

Year Built

  • Built in 1947

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 75' x 170'
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Shake Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,763 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 5 Parking Spaces
  • Open Parking

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00282321

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Oak Grove Subdivision

Building Details

  • Operating Expense $12,030
  • Gross Income $36,000
  • Net Operating Income $23,970

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,184

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1947
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bedrooms: 3
  • Lot Size Range: SqFt10000to14999

Exterior Features

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

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No
  • Total Parking Spaces: 5.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: Baseboard, ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Zoning: C3
  • Lot Size Acres: 0.29
  • Lot Size: 75' x 170'
  • Lot Size Sq Ft: 12632.0
  • Parcel #: 00282321

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Gas

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4184.15

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.31
  • Annual Gross Income: 36000.0
  • Property Net Operating Income: 23970.0
  • Annual Operating Expense: 12030.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,184 $214,497 $0 $0
2022 $3,849 $208,250 $0 $0
2021 $3,709 $202,185 $0 $0
2020 $3,593 $196,297 $0 $0
2019 $3,542 $190,580 $0 $0
2018 $3,101 $185,029 $0 $0
2017 $3,003 $179,640 $0 $0
2016 $2,897 $174,408 $0 $0
2015 $2,815 $169,328 $0 $0
2014 $2,660 $164,396 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Price Changed $479,000 0.0% --
05/02/2025 05/02/25 Price Changed $479,000 0.0% $272 / Sq Ft
05/02/2025 05/02/25 Price Changed $479,000 -4.0% $272 / Sq Ft
03/13/2025 03/13/25 For Sale $499,000 0.0% --
03/13/2025 03/13/25 For Sale $499,000 0.0% $283 / Sq Ft
03/13/2025 03/13/25 For Sale $499,000 0.0% $283 / Sq Ft
03/05/2025 03/05/25 Pending -- -- --
03/05/2025 03/05/25 Pending -- -- --
03/05/2025 03/05/25 Pending -- -- --
02/24/2025 02/24/25 For Sale $499,000 0.0% --
02/24/2025 02/24/25 For Sale $499,000 0.0% $283 / Sq Ft
02/06/2025 02/06/25 For Sale $499,000 0.0% $283 / Sq Ft
01/31/2025 01/31/25 Pending -- -- --
01/10/2025 01/10/25 Price Changed $499,000 -5.0% $283 / Sq Ft
09/22/2024 09/22/24 For Sale $525,000 -- $298 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- Wfg Title
Interfamily Deed Transfer -- None Available
Warranty Deed $132,500 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 New Conventional
Previous Owner $112,500 No Value Available
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24136475

Regional Multiple Listing Service (RMLS)

APN: 00282321