11067 42Nd AveMilwaukie, OR 97222
- Dormitories
- 3,552 SF
Property Details for 11067 42Nd Ave
- Year built
- 1959
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 3,552 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional four-unit apartment building presents a compelling investment opportunity in desirable Milwaukie, Oregon. Located on a 0.14-acre corner lot at 11067 SE 42nd Ave, 97222, this 3,552 square foot property boasts a strong 4.95% cap rate and a Net Operating Income (NOI) of $34,634. The building, constructed in 1959 and zoned R-MD, comprises four units: two spacious two-bedroom, one-bathroom apartments and two cozy one-bedroom, one-bathroom apartments, offering a total of six bedrooms. Convenient off-street parking is available. The property's prime location provides easy access to parks, coffee shops, restaurants, and grocery stores, enhancing its appeal to tenants. This multifamily property is ideal for investors seeking a stable, high-yield investment or those looking for a multi-unit residential option. The property's strong cash flow and desirable location make it a truly exceptional opportunity in the thriving Milwaukie market. An aerial tour is available online.
Location Insight
- City
- Milwaukie
- County
- Clackamas
- State
- Oregon
- Latitude
- 45.4433
- Longitude
- -122.62
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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