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SE Milwaukie Dev. Opp.

5340 SE Milwaukie Avenue, Portland, Oregon 97202

$2,000,000

Status:
Available
County:
Multnomah
Units:
8
Year Built:
1963
Unit Price:
$275,000
Land Size:
0.24 Acres
Building Size:
6,400 sq. ft.
Price per SF:
$344
CAP Rate:
4.28%
Unit Mix:

Eight (8) 2-bed 1-bath flats.

Floors:
2
Open Parking:
Yes
Laundry Room:
Yes
Siding:
Wood
Roof Type:
Composite
Heat Type:
Electric
Property Photo

This very well-maintained 8-unit building has been a reliable income producer for many years. The current building provides a developer or owner to purchase with traditional financing while generating cash flow during the planning and development process for a larger asset, combining a trophy development opportunity with flexible timing.

8
Units
1963
Year Built
6,400
SQ. FT.

Property Location