2712 SE Lakewood Dr, Milwaukie, OR 97222

Milwaukie
Local realty services provided by:Knipe Realty ERA Powered
2712 SE Lakewood Dr,Milwaukie, OR 97222
$650,000
  • - Beds
  • - Baths
  • 2,740 sq. ft.
  • Multi-family
  • Active
Listed by: daniel bruno
Office: cascade hasson sotheby's international realty503-335-9898
MLS#:110879486
Source:PORTLAND

Price summary

  • Price:$650,000
  • Price per sq. ft.:$237.23

About this home

Discover a fantastic investment opportunity with this well-maintained triplex just minutes from downtown Milwaukie. Offering a strong 6.57% CAP rate and a solid rental history, this property is ideal for investors seeking reliable cash flow or owner-occupants looking to offset their mortgage. Choose to maximize income by leasing all three units or live in one unit while renting the other two—a flexible setup that suits a variety of investment strategies. The property also features convenient off-street parking for tenants. Residents will love the unbeatable location, with easy access to the Milwaukie waterfront, pFriem Brewing, the Milwaukie Farmers Market, Fred Meyer, New Seasons Market, and a variety of local shops, restaurants, and amenities. Recent updates include two new water heaters and a newer roof, providing added value and peace of mind. Whether you're expanding your investment portfolio or looking for a smart owner-occupied property, this triplex offers an exceptional...

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Home facts

  • Year built:1995
  • Listing ID #:110879486
  • Added:5 day(s) ago
  • Updated:July 30, 2026 at 03:30 AM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:2,740 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1995
  • Building area:2,740 sq. ft.
  • Lot Features:Level
  • Foundation Description:Concrete Perimeter
  • Levels:2 Stories

Schools

  • High school:Putnam
  • Middle school:Alder Creek
  • Elementary school:Oak Grove

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$237.23
  • Tax amount:$9,264 (2025)

Parking

  • Total parking spaces:4
  • Parking description:Assigned, 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 Knipe Realty ERA Powered 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: July 30, 2026

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