Bought with Kelly Right Real Estate of Portland, LLC
$879,000
$879,000
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3,456 SqFt
SOLD DATE : 03/11/2026
Key Details
Sold Price $879,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $254
Subdivision Ardenwald
MLS Listing ID 320137436
Sold Date 03/11/26
HOA Y/N No
Year Built 1961
Annual Tax Amount $7,521
Tax Year 2025
Lot Size 10,018 Sqft
Property Description
Low-maintenance, turn-key 4-plex comprised of two single-level duplex buildings in the desirable Ardenwald neighborhood of Milwaukie. A rare opportunity offering excellent expense control, with tenants paying all utilities, including trash. Well positioned just minutes to Sellwood, downtown Milwaukie, and Portland, the property appeals to both owner-occupants and investors alike. Each unit features its own private fenced yard, dedicated laundry, and storage area—a combination that consistently attracts and retains quality tenants. Extensive updates throughout the property include newer electrical panels, roof, windows, bathrooms, and appliances, with new flooring throughout and three units also featuring updated cabinetry, significantly reducing near-term capital expenditures.An ideal option for those seeking a solid, low-maintenance investment or a flexible owner-occupied multifamily in a proven rental corridor. Please do not disturb tenants.
Location
State OR
County Clackamas
Community Frontyardlandscaping
Area _145
Zoning R-MD
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Cooling None
Exterior
Community Features FrontYardLandscaping
Roof Type Composition
Garage No
Building
Lot Description Level
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Ardenwald
Middle Schools Rowe
High Schools Milwaukie
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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