4318 Southeast Milwaukie Avenue
Portland, OR 97202
$1,850,000
Price
—
Beds
10,147 Sq. Ft.
$182 / Sq. Ft.
10,147
Sq. Ft.
$182
per Sq. Ft.
Description
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...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.
- Listed by Brian Spear • JMA Properties LLC
- Listed by Brian Porter • JMA Properties LLC
Property Details for 4318 Southeast Milwaukie Avenue
Subdivision
Brooklyn
Parking FeaturesAssigned
ZoningCM1
ViewCity, Mountain, Territorial
Parking Total3.00
LISTING UPDATED: 11/05/2024 03:35 PM
Property Details for 4318 Southeast Milwaukie Avenue
| Status | Active |
|---|---|
| MLS # | 24024292 |
| Days on Market | 102 |
| Taxes | $12,050 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1907 |
| Lot Size | 0.19 AC / 8,276 SF |
| County | Multnomah County |
Building Information for 4318 Southeast Milwaukie Avenue
Stories4Residences10Year Built1907Building Size-Lot Size0.19 AC / 8,276 SF
Property Information for 4318 Southeast Milwaukie Avenue
Summary
Location and General Information
- Country: US
- Directions: North of Holgate on corner of SE Milwaukie Ave & SE Cora Street
- Road Surface: Paved
School Information
- Elementary School: Grout
- High School: Cleveland
- Middle Or Junior School: Hosford
Taxes and HOA
- Management Name: Self managed
- Tax Year: 2023
- Tax Annual Amount: $12,050.30
- Parcel Number: R117964
- Tax Legal Description: BOISES ADD, BLOCK 11, LOT 1-3
Property
Lot Information
- Acres: 0.19
- Lot Description: Corner Lot, On Busline
- Lot Size Square Feet: 8276.0
- Lot Size Range: Sq Ft7000to9999
- Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
- Property Type: Multi Family
- Water Description: Public Water
- Property Condition: Existing
- Year Built: 1907
Utilities
- Cooling Description: Mini Split
- Fuel Description: Electricity
- Heating Description: Zoned
- Hot Water Description: Electricity, Tank
- Sewer Description: Public Sewer
- Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
- Exterior Description: Cedar, Shingle Siding
- Roof Type: Composition
Interior Features
- Basement: Exterior Entry, Full Basement, Storage Space
- Foundation Details: Concrete Perimeter
- Stories: 4
Multi Family
Multi-Family Information
- Number Of Units Total: 10
- Gross Income Actual: $162,180.00
- Gross Income Projected: $162,180.00
- Gross Rent Multiplier: $11.41
- Net Income Actual: $110,410.00
- Net Income Projected: 110410
- Operating Expenses Projected: $51,770.00
- Operating Expense: $51,770.00
- Security Features: Entry, Fire Sprinkler System, Intercom Entry
- Storage: Attic, Basement
- Unit Type Type: Unit Type Type1, Unit Type Type10, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8, Unit Type Type9
- Common Amenities: Laundry
- SqFt Approximate Building Total: 10147
Unit 1 Information
- Unit Type 1 Baths Total: 1
- Unit Type 1 Baths Decimal: 1.00
- Unit Type 1 Beds Total: 1
- Unit Type 1 Features: Dishwasher, Range, Refrigerator
- Unit Type 1 Rent: $1,245
- Unit Type 1 SqFt: 548.0
- Unit Type 1 Units Total: 1
Unit 2 Information
- Unit Type 2 Baths Total: 1
- Unit Type 2 Baths Decimal: 1.00
- Unit Type 2 Beds Total: 1
- Unit Type 2 Features: Dishwasher, Range, Refrigerator
- Unit Type 2 Rent: $1,265
- Unit Type 2 SqFt: 645.0
- Unit Type 2 Units Total: 1
Unit 3 Information
- Unit Type 3 Baths Total: 1
- Unit Type 3 Baths Decimal: 1.00
- Unit Type 3 Beds Total: 0
- Unit Type 3 Features: Range, Refrigerator
- Unit Type 3 Rent: $1,220
- Unit Type 3 SqFt: 361.0
- Unit Type 3 Units Total: 1
Unit 4 Information
- Unit Type 4 Baths Total: 1
- Unit Type 4 Baths Decimal: 1.00
- Unit Type 4 Beds Total: 1
- Unit Type 4 Features: Dishwasher, Range, Refrigerator, Washer Dryer
- Unit Type 4 Rent: $1,290
- Unit Type 4 SqFt: 558
- Unit Type 4 UnitsTotal: 1
Unit 5 Information
- Unit Type 5 Baths Total: 1
- Unit Type 5 Baths Decimal: 1.00
- Unit Type 5 Beds Total: 2
- Unit Type 5 Features: Air Conditioning, Dishwasher, Range, Washer Dryer
- Unit Type 5 Rent: $1,850
- Unit Type 5 SqFt: 852.0
- Unit Type 5 Units Total: 1
Unit 6 Information
- Unit Type 6 Baths Total: 2
- Unit Type 6 Baths Decimal: 1.10
- Unit Type 6 Beds Total: 2
- Unit Type 6 Features: Air Conditioning, Dishwasher, Range, Washer Dryer
- Unit Type 6 Rent: $1,740
- Unit Type 6 SqFt: 1137.0
- Unit Type 6 Units Total: 1
Unit 7 Information
- Unit Type 7 Baths Total: 2
- Unit Type 7 Baths Decimal: 1.10
- Unit Type 7 Beds Total: 1
- Unit Type 7 Features: Air Conditioning, Dishwasher, Range, Washer Dryer
- Unit Type 7 Rent: $1,395
- Unit Type 7 SqFt: 935
- Unit Type 7 Units Total: 1
Unit 8 Information
- Unit Type 8 Baths Total: 1
- Unit Type 8 Baths Decimal: 1.00
- Unit Type 8 Beds Total: 0
- Unit Type 8 Rent: $510
- Unit Type 8 SqFt: 217.0
- Unit Type 8 Units Total: 1
Unit 9 Information
- Unit Type 9 Baths Total: 1
- Unit Type 9 Baths Decimal: 1.00
- Unit Type 9 Beds Total: 2
- Unit Type 9 Features: Air Conditioning, Dishwasher, Range, Washer Dryer
- Unit Type 9 Rent: $2,000
- Unit Type 9 SqFt: 886.0
- Unit Type 9 Units Total: 1
Unit 10 Information
- Unit Type 10 Baths Total: 1
- Unit Type 10 Baths Decimal: 1.00
- Unit Type 10 Beds Total: 0
- Unit Type 10 Rent: $1,000
- Unit Type 10 SqFt: 873.0
- Unit Type 10 Units Total: 1
Public Records for 4318 Southeast Milwaukie Avenue
Taxable ValueLand-Additions-Total-
Tax Record2023$12,050 ($1,004 / month)
Home Facts
Beds0Baths8Total Finished SqFt1,692 SqFtAbove Grade Finished SqFt1,692 SqFtStories1Lot Size8,332 SqFtStyleSingle Family ResidenceYear Built2013ZoningR1CountyMULTNOMAHAPN1S1E11CD 11600
Schools near 4318 Southeast Milwaukie Avenue
This home is within Portland School District 1j.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Grout Elementary School PublicK to 5 | ||
Hosford Middle School Public6 to 8 | ||
Cleveland High School Public9 to 12 | ||
Winterhaven School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of JMA Properties LLC
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