13306 SE LINDEN LN, Milwaukie, OR 97222 | 21676677 | Prime Alliance Real Estate Services

13306 SE LINDEN LN $3,195,000


    13306 SE LINDEN LN Milwaukie, OR 97222

    • 2 Beds
    • 1 Baths
    • Multi-Family
    • Listing# 21676677
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    Views: 18 Days On Site: 14

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    Property Details

    Twenty-20 two bedroom / 1 bath apartment units, 780 square feet each. Subject property has a stable/long-term operating history. Collected income: 2019($234,975), 2020($230,442 *modest Covid impact + five extensive unit turnovers resulted in temporary vacancies). Average current scheduled rent = $1,147 per unit. Highest rent currently achieved = $1,250. Primed for continued near-term income growth. New roofs in 2021 and sewer line to all 5 buildings in 2020.

    • General Features
      • Area Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
      • Bank Owned Y/N No
      • Capitalization Rate 5.34
      • Country US
      • Fuel Description Electricity
      • Gross Income Actual 279000
      • Gross Income Projected 300000
      • Gross Rent Multiplier 11.45
      • Heating Description Baseboard
      • Net Income Actual 170665
      • Net Income Projected 201969
      • Number Of Units Total 20
      • Occupancy Types Leased,Month To Month
      • Operating Expenses Actual 94571
      • Operating Expenses Projected 96831
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Stories 2
      • Supplement Number 0
      • Tax Amount 22538.90
      • Terms Cash,Conventional
      • Third Party Approval Y/N No
      • Utilities Included Sewer,Water
      • View Y/N No
      • Water Description Public
      • Year Built 1967
      • Zoning MR1
    • Building Features
      • SqFt Approximate Building Total 24000
      • Unit Type1 Baths Total 1
      • Unit Type1 Beds Total 2
      • Unit Type1 Features Dishwasher,Range,Refrigerator
      • Unit Type1 Rent 1147
      • Unit Type1 SqFt 780
      • Unit Type1 Units Total 20
      • UnitFeatures Dishwasher,Range,Refrigerator
      • UnitTypeType 1
    • Room Features
      • Legal Description 163 CABLE AC LT 4 PT LT 5
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Size 1 to 2.99 Acres
      • Property Category Multi Family
      • Roof Type Composition
    • Schools
      • Middle School Other



    97222 (Milwaukie) Demographics

    39 Median Age
    4,237 Population Density (per sq. mile)
    35% College Educated
    $52,340 Estimated Median Income
    8,066 Estimated Total Home Owners
    6,940 Estimated Total Renters
    54% / 46% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    35,866 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $499,000 Median Sales Price
    43 Homes Sold
    47 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,195,000
        9/21/2021 10:06:49 AM Status Changed Source: Multiple Listing Service New Value: Pending
        9/14/2021 11:22:00 AM New in Database Source: Multiple Listing Service New Value: $3,195,000

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        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 Prime Alliance Real Estate Services are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2021 RMLS™, Portland, Oregon. This content last updated on 9/28/2021 4:08:11 AM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.