4318 SE MILWAUKIE AVE, Portland, OR 97202 – 24024292

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Kathy Quick

kathy@kathyquick.com +1(503) 730-0702

Listed by JMA Properties LLC

$ 1,850,000

Est. payment | -/mo

10,147 SqFt

Save

$ 1,850,000

Est. payment | -/mo

Save

10,147 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 10,147 sqft

Price per Sqft $182

Subdivision Brooklyn

MLS Listing ID 24024292

Year Built 1907

Annual Tax Amount $12,050

Tax Year 2023

Lot Size 8,276 Sqft

Property 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 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.

Location

State OR

County Multnomah

Community Laundry

Area _143

Zoning CM1

Rooms

Basement Exterior Entry, Full Basement, Storage Space

Interior

Heating Zoned

Cooling Mini Split

Exterior

Community Features Laundry

View City, Mountain, Territorial

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, On Busline

Story 4

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 4

Schools

Elementary Schools Grout

Middle Schools Hosford

High Schools Cleveland

Others

Acceptable Financing Cash, Contract, Conventional, OwnerWillCarry

Listing Terms Cash, Contract, Conventional, OwnerWillCarry

Regional Multiple Listing Service (RMLS)

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