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$695,000   Price Analysis
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2915 SE Monroe St
Milwaukie, OR 97222
4 bed 2 bath 3,336 SqFt ($208/SqFt)
8,276SqFt lot. Built 1954
Listed 2024-03-12, Taxes $5,937
Ⓧ USDA Ineligible
due to location

near Milwaukie

Opportunities abound for potential addition via full daylight basements

Detached 2-car garages and a large city lot. It features new energy-efficient windows, a newer roof, updated electrical panels, new energy-efficient electric wall heaters and LED lighting fixtures throughout. Hardwood floors and tasteful built-ins enhance the charm throughout the property. There's a sizeable full basement equipped with a full-size washer, dryer and utility sink basin.

Additinally, the property includes a detached double garage, one for each unit and ample off-street parking. The units themselves are light, bright and sunny with rear doors to a private backyard. The location is exceptional, situated 4 blocks from downtown Milwaukie, 3 blocks from the MAX transit station and 2 blocks from the new Contemporary Seasons Market shopping complex. Both units are fully occupied by tenants at premium rents and we kindly request not to disturb them (DND). Please view the video tour.


Presented by Greg Messick at
Realty Net, LLC.
Listing Agent Photo

Property MLS #24155807 from RMLS

Bedrooms: 4

Full Bathrooms: 2

Storage: Basement

Heating Features: WallFurnace
Heating: Yes
Water Heaters: Electricity

Basement Description: FullBasement

Lot Description: Level
Lot Size Acres: 0.1899908
Lot Size Square Feet: 8276

Garage Spaces: 2
Parking Features: Detached, Garage

Road Surface Type: Paved

Elementary School: Milwaukie
High School: Milwaukie
Middle School: Rowe

Milwaukie High School is a public high school located approximately 0.3 miles away.
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Rowe Middle School is a public middle school located approximately 0.9 miles away.
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St John The Baptist Catholic School is a private elementary and middle school located approximately 0.2 miles away.
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Milwaukie El Puente Elementary School is a public elementary school located approximately 0.2 miles away.
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Gross Income: 41760
Rent Includes: Sewer, TrashCollection, Water

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

Calculated Total Monthly Association Fees: 0

LotSizeRange: SqFt7000to9999
Annual Tax Amount: 5937.569999999
Source Listing Status: Active
County: Clackamas
Cap Rate: 4.22
Directions: SE 29th
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: 00025895
Zoning: Mult
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$unknown + $unknown
$270,951
$5,937
2022$unknown + $unknown
$263,060
$5,641
2021$unknown + $unknown
$255,399
$5,443
2020$unknown + $unknown
$247,961
$5,274
2019$unknown + $unknown
$240,739
$5,195
2018$unknown + $unknown
$233,727
$4,620
2017$unknown + $unknown
$226,919
$4,488
2016$unknown + $unknown
$220,310
$4,337
2015$unknown + $unknown
$213,893
$4,130
2014$unknown + $unknown
$207,663
$3,917
2013$unknown + $unknown
$201,615
$3,821
2012$unknown + $unknown
$195,743
$3,727
2011$unknown + $unknown
$190,042
$3,694
2010$unknown + $unknown
$184,507
$3,499
2009$unknown + $unknown
$179,133
$3,464
2008$unknown + $unknown
$173,916
$3,279
2007$unknown + $unknown
$168,850
$3,185

Listing removed 2024-05-14
$0
RentecDirect
Listed for rent 2024-04-26
$1,795
RentecDirect
Price Changed 2024-04-18
$695,000
RMLS
Listed 2024-03-12
$735,000
RMLS
Listing removed 2016-10-29
$1,400
Rently
Listed for rent 2016-10-28
$1,400
Rently
Sold 2016-03-10
$311,000
Public Record
Listing removed 2015-11-16
$329,900
RMLS
Listing removed 2015-11-15
$329,900
RMLS
Listed 2015-11-13
$329,900
RMLS
Listed 2015-11-13
$329,900
RMLS
Listing removed 2007-01-25
$324,900
RMLS
Listed 2006-10-24
$324,900
RMLS
Listing removed 2006-10-23
$339,900
RMLS
Listed 2006-07-17
$339,900
RMLS
Sold 1995-10-11
$60,000
Public Record

Net Operating Income: 29323
Operating Expense: 12437

Year Built: 1954
Building Area Total: 3336
Building Exterior Type: Brick, WoodSiding
Foundation Details: ConcretePerimeter
Property Age: 70
Property Condition: Existing
Roof: Composition
Levels or Stories: 2

Sewer: PublicSewer
Water Source: PublicWater

Security Features: Sidewalk
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.