Active

4318 SE MILWAUKIE AVE

Portland OR, 97202

$2,100,000


$206.96 per sqft

Active

10 Beds

12 Baths

10,147 sqft

Multi-family

Built in 1907

Courtesy of JMA Properties LLC 503-810-2219

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 also includes a separate office space in the basement and a very spacious completely open area for future storage / office space potential. The detached 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 in a fully functioning wood-working shop. The building is currently fully occupied with projected income of $156,960 annually and projected NOI of $103,082. All units have immediate potential future rental growth making this a very attractive truly turn-key investment. The seller is a carpenter and a craftsman - the pride of ownership will amaze you. Owner Financing Available up to 50% LTV @ Amazing Terms!

23206585

MLS ID

April 13, 2023

Listed

March 27, 2024

Updated

Map

4318 SE MILWAUKIE AVE
Portland OR, 97202

Interior Features

Bedrooms

10 Beds


Bathrooms

12 Baths


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Zoned

Exterior/Building Features

Lot Features

Corner Lot


Roof

Composition


Sewer

Public Sewer

School Information

High School

Cleveland


Elementary School

Grout

Other Property Details

Area Name

_143


Taxes

$12,050


Tax Frequency

Annually


Days on Market

347


Garage

No


Parking

Assigned


Parking Total

3


View

Yes


View Description

City


County

Multnomah


Water Source

Public Water


Pool

No


Zoning

CM1


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

1/11/2024

Price Change

$2,100,000

-3%

6/3/2023

Price Change

$2,150,000

-3%

Courtesy of JMA Properties LLC, Brian Porter
Listing Contact: 503-810-2219 

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