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Listed by Cascade Hasson Sotheby's International Realty

$650,000

Est. payment - /mo

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2,740 SqFt

Active

2712 SE LAKEWOOD DR Milwaukie, OR 97222

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,740 sqft

Price per Sqft $237

MLS Listing ID 110879486

HOA Y/N No

Year Built 1995

Annual Tax Amount $9,264

Tax Year 2025

Property Description

Discover a fantastic investment opportunity with this well-maintained triplex just minutes from downtown Milwaukie. Offering a strong 6.57% CAP rate and a solid rental history, this property is ideal for investors seeking reliable cash flow or owner-occupants looking to offset their mortgage. Choose to maximize income by leasing all three units or live in one unit while renting the other two—a flexible setup that suits a variety of investment strategies. The property also features convenient off-street parking for tenants. Residents will love the unbeatable location, with easy access to the Milwaukie waterfront, pFriem Brewing, the Milwaukie Farmers Market, Fred Meyer, New Seasons Market, and a variety of local shops, restaurants, and amenities. Recent updates include two new water heaters and a newer roof, providing added value and peace of mind. Whether you're expanding your investment portfolio or looking for a smart owner-occupied property, this triplex offers an exceptional combination of location, flexibility, and income potential.

Location

State OR

County Clackamas

Area _145

Zoning HDR

Rooms

Basement Crawl Space

Interior

Heating Wall Heater

Cooling None

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Oak Grove

Middle Schools Alder Creek

High Schools Putnam

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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