Multi-Family for Sale: 4318 MILWAUKIE AVE, Portland, OR 97202

10,147 sqft
$1,850,000
$1,850,000
4318 MILWAUKIE AVE, Portland, OR 97202
10,147 sqft
$1,850,000
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Price:
$1,850,000
$100,000 - 10/02/2024

Type Multi-Family
Square Feet 10,147 sqft
Lot Size 0.19 acres
Year Built 1907
Taxes Paid $12,050

City Portland
Area 143 - Portland Southeast
County Multnomah
School District Cleveland
Subdivision Brooklyn

MLS 24024292
Status Pending
DOM 138 days
Studs-Out remodel with exceptional craftsman touches and thoughtful upgrades throughout. This building is a 10! Perfect for owner occupants looking for a premium stand-alone artist/workshop/studio! Welcome home to the iconic Brooklyn Apartments! 8 Residential units in total (plus shop, office and basement). The original 1907 building has been lovingly cared for and completely updated with new systems all while keeping the vintage charm of the Arts & Crafts era intact. The original building includes a mix of (2) 2-bedroom, (4) 1-bedroom units and (1) studio apartment with a separate office space in the basement. All the units feature stylish finishes, creative use of space and vintage flair! The building's basement is very spacious and open area for future storage / extra unit potential. The detached ADU (garage/shop with 2-bedroom owner's unit) was built in 2013 and is perfect for the woodworker, artist or craft maker looking for their own detached and free-standing 873sf shop! The unit features amazing views to the east off their own private deck. The unit itself is dialed-in with gorgeous crown molding and built-ins throughout. The shop is fully functional with all the electrical upgrades one would expect. The building is currently fully occupied with projected income of $162,180 annually and projected NOI of $110,410. All units have been given rent increase notices to be effective 4/1/25 making this an attractive truly turn-key investment. The seller is a carpenter and a craftsman - the pride of ownership will amaze you.

Room Features

Basement Description Exterior Entry, Storage Space, Full Basement

Lot & Building Features

Cooling Mini Split
Heating Zoned
Parking Description Assigned
Sewer Public Sewer
Water Public Water
Water Heater Electricity, Tank

Community and Schools

Elementary School Grout
Junior High School Hosford
Senior High School Cleveland

Unit Features

Unit Type 1 Actual Rent 1245
Unit Type 1 Area 548
Unit Type 1 Baths 1.000
Unit Type 1 Baths Total 1
Unit Type 1 Beds Total 1
Unit Type 1 Features Dishwasher, Refrigerator, Range
Unit Type 1 Units Total 1
Unit Type 2 Actual Rent 1265
Unit Type 2 Area 645
Unit Type 2 Baths 1.000
Unit Type 2 Baths Total 1
Unit Type 2 Beds Total 1
Unit Type 2 Features Dishwasher, Refrigerator, Range
Unit Type 2 Units Total 1
Unit Type 3 Actual Rent 1220
Unit Type 3 Area 361
Unit Type 3 Baths 1.000
Unit Type 3 Baths Total 1
Unit Type 3 Features Range, Refrigerator
Unit Type 3 Units Total 1
Unit Type 4 Actual Rent 1290
Unit Type 4 Area 558
Unit Type 4 Baths 1.000
Unit Type 4 Baths Total 1
Unit Type 4 Beds Total 1
Unit Type 4 Features Dishwasher, Washer/Dryer, Refrigerator, Range
Unit Type 4 Units Total 1
Unit Type 5 Actual Rent 1850
Unit Type 5 Area 852
Unit Type 5 Baths 1.000
Unit Type 5 Baths Total 1
Unit Type 5 Beds Total 2
Unit Type 5 Features Air Conditioning, Washer/Dryer, Range, Dishwasher
Unit Type 5 Units Total 1
Unit Type 6 Actual Rent 1740
Unit Type 6 Area 1137
Unit Type 6 Baths 1.100
Unit Type 6 Baths Total 2
Unit Type 6 Beds Total 2
Unit Type 6 Features Air Conditioning, Washer/Dryer, Range, Dishwasher
Unit Type 6 Units Total 1
Unit Type 7 Actual Rent 1395
Unit Type 7 Area 935
Unit Type 7 Baths 1.100
Unit Type 7 Baths Total 2
Unit Type 7 Beds Total 1
Unit Type 7 Features Air Conditioning, Washer/Dryer, Range, Dishwasher
Unit Type 7 Units Total 1
Unit Type 8 Actual Rent 510
Unit Type 8 Area 217
Unit Type 8 Baths 1.000
Unit Type 8 Baths Total 1
Unit Type 8 Units Total 1
Unit Type 9 Actual Rent 2000
Unit Type 9 Area 886
Unit Type 9 Baths 1.000
Unit Type 9 Baths Total 1
Unit Type 9 Beds Total 2
Unit Type 9 Features Air Conditioning, Washer/Dryer, Range, Dishwasher
Unit Type 9 Units Total 1
Unit Type 10 Actual Rent 1000
Unit Type 10 Area 873
Unit Type 10 Baths 1.000
Unit Type 10 Baths Total 1
Unit Type 10 Units Total 1

Price History of 4318 MILWAUKIE AVE, Portland, OR

Date Name Price Difference
10/02/2024 Price Adjustment $1,850,000 5.13%
08/06/2024 Listing Price $1,950,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 4318 MILWAUKIE AVE, Portland, OR

Location Map Street View
Photo of Don Nunamaker, Realtors
Direct: 541-386-4400
Office
2495 Cascade Ave.
Hood River, OR 97031
541-386-4400
Listed by JMA Properties LLC, Brian Spear & Brian Porter
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0.65136756756757%
6.75%
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Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
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4318 MILWAUKIE AVE (MLS #24024292) is a multi-family listing located in Portland, OR. This multi-family listing is 10,147 sqft and on a lot of 8,276 sqft (or 0.19 acres) and is 117 years old. This property was listed on 08/07/2024 and has been priced for sale at $1,850,000.

Nearby zip codes are 97201, 97205, 97214, 97219 and 97239. This property neighbors other cities such as Milwaukie.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: JMA Properties LLC

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Don Nunamaker, Realtors are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.