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.
RE/MAX Equity GroupLicense #900600415Listed on: 09/22/2024
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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Average Value
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List Price
Sold Price
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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 AssessmentTax 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.
Great investment property! 2 Units on large .25 acres, fenced, corner lot. Both units have 2 bedrooms/1 bathroom, plus garage and driveway parking! Newer roof and exterior paint. Back unit has been updated: Luxury Vinyl plank flooring throughout unit, new range, dishwasher and refrigerator! Schools: Linwood elementary, Rowe Middle School, and Milwaukie High School. You won't want to miss this
Charming Duplex – 2 Bed/1 Bath Units with Open Layout & Outdoor Living! Don't miss this well-maintained multifamily duplex, each unit featuring 2 spacious bedrooms and 1 full bathroom. The open-concept floor plan seamlessly connects the kitchen, dining area, and large living room all areas offering laminate flooring— perfect for modern living and entertaining, era correct built in's. Washer/dryer
This home is located at 2910 SE Oak Grove Blvd, Milwaukie, OR 97267 and is currently priced at $479,000, approximately $271 per square foot. This property was built in 1947. 2910 SE Oak Grove Blvd is a home located in Clackamas County with nearby schools including Oak Grove Elementary School, Alder Creek Middle School, and Rex Putnam High School.
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