13455 SE Oatfield Rd, Milwaukie, OR 97222

Milwaukie
Local realty services provided by:ERA Freeman & Associates, Realtors
13455 SE Oatfield Rd,Milwaukie, OR 97222
$4,850,000
  • - Beds
  • - Baths
  • 27,650 sq. ft.
  • Multi-family
  • Pending
Listed by: phillip barry
Office: barry investment real estate503-593-9707
MLS#:660527886
Source:PORTLAND

Price summary

  • Price:$4,850,000
  • Price per sq. ft.:$175.41

About this home

Driftwood Terrace Apartments is a 33-unit multifamily community located in the desirable Oak Grove / Milwaukie Heights area of Clackamas County. Constructed in 1965, the property features a low-density garden-style courtyard setting with mature landscaping and attractive grounds. The property offers a diverse unit mix consisting of studio, one-bedroom, two-bedroom, and three-bedroom apartment homes, with the majority of units comprised of spacious two-bedroom and three-bedroom floor plans. Driftwood Terrace continues to benefit from strong occupancy and a stable long-term tenant base. Numerous residents have occupied the property for many years and remain below current market rents, providing investors with a clear path to future rental growth through annual rent increases and natural turnover. Located just minutes from the MAX Orange Line, Highway 99E, Downtown Milwaukie, and Downtown Portland, Driftwood Terrace offers investors the opportunity to acquire a Clackamas County apartment...

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Home facts

  • Year built:1965
  • Listing ID #:660527886
  • Added:136 day(s) ago
  • Updated:November 06, 2026 at 09:22 AM

Rooms and interior

  • Living area:27,650 sq. ft.

Structure and exterior

  • Roof:Flat
  • Year built:1965
  • Building area:27,650 sq. ft.
  • Lot area:2.1 Acres
  • Lot Features:Level
  • Levels:2 Stories

Schools

  • High school:Putnam
  • Middle school:Rowe
  • Elementary school:Oak Grove

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,850,000
  • Price per sq. ft.:$175.41
  • Tax amount:$40,412 (2025)

Parking

  • Parking description:Off Street
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. 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 ERA Freeman & Associates, Realtors are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: November 6, 2026

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