3 months on rocket

4318 SE Milwaukie Ave, Portland, OR, 97202

$1,850,000

Home List Price

$10,000*

Closing Credit

0 Baths
10,147 SqFt
$182/SqFt
House

Location

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4318 SE Milwaukie Ave, Portland$1,850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAssigned
Year Built1907
HeatingZoned
CoolingZoned
BasementYes
ViewCity, Mountain(s), Territorial
MLS #24024292
Lot Size0.19 Acres
StatusActive

About 4318 SE Milwaukie Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1907
  • Stories: 4
  • Living Area: 10,147 SqFt

Listing Office:

  • Office Name: JMA Properties LLC
  • Office Phone: (503) 575-1818
  • Listing Agent: Brian Spear, Brian Porter

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • View: City, Mountain(s), Territorial

Parking Information:

  • Attached Garage: No
  • Parking: Assigned

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Zoned
  • Cooling: Zoned

Other

Directions Information:

  • Directions: North of Holgate on corner of SE Milwaukie Ave & SE Cora Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,850,000
  • Price Per SqFt: $182/SqFt

Tax Information:

  • Annual Amount: $10,632
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Portland, OR.

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Portland, OR

City

Med. Sold Price

$541.3K

Med. Price/SqFt

$315

Avg. Days On Market

48

# of Sold Homes

849

4318 SE Milwaukie Ave vs Portland

107 DAYS ON ROCKET

+59 Days

$1,850,000

+$1.3M More

$182/SqFt

-$134 Less

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $134/SqFt less than other homes in Portland, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24024292

Listing Office:

  • Office Name: JMA Properties LLC
  • Office Phone: (503) 575-1818
  • Listing Agent: Brian Spear, Brian Porter

IDXThe 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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 01, 1990Home Sold
$67,500

Tax History

YEARPROP. TAXASSESSMENT
2020$10,632$416,180
2018$9,940$392,300
2017$9,527$380,880

History based on county public records data.

Payment Calculator

$9,301

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,613

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-627556
8
/10

  • Grout Elementary School

  • 3119 SE Holgate Blvd

  • 0.89 miles

  • Public District Grades EE-5

school-card-donut-627557
10
/10

  • Abernethy Elementary School

  • 2421 SE Orange Ave

  • 0.96 miles

  • Public District Grades KG-5

school-card-donut-627558
10
/10

  • Llewellyn Elementary School

  • 6301 SE 14th Ave

  • 1.01 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,107. The majority of Portland, OR residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4318 SE Milwaukie Ave

What is the listing price of this property?

The listing price of 4318 SE Milwaukie Ave property is $1,850,000.

What type of property is this?

The property 4318 SE Milwaukie Ave is a house located in Portland, Oregon, 97202.

Is this property for sale now?

Active Listing: 4318 SE Milwaukie Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $10,632 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 1, 1990 for $67,500. (source: MLS/tax record).

What is the square footage of this property?

The property 4318 SE Milwaukie Ave is 10,147 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4318 SE Milwaukie Ave is 1907.

Rocket Homes›Oregon›Multnomah County›Portland›97202›4318 SE Milwaukie Ave

This home is located at 4318 SE Milwaukie Ave in Portland, OR and zip code 97202 in the Southeast Portland neighborhood. This 10,147 square foot home, which was built in 1907, sits on a 0.19 acre lot. It has been listed on Rocket Homes since August 07, 2024 and is currently priced at $1,850,000.

In October 2024, from all listings sold in Portland, OR there were more than 298 sold above asking price, over 339 sold below and more than 212 were sold right at the asked price. In October 2024 in Portland, OR there were 4.2% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $541,309, while the average time on the real estate market was 48 days.

From Rocket Homes Real Estate and based on county public records data.

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