James & Angie Smith

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Listing provided courtesy of Brantley Christianson Real Estate- MLS# 319345699MLS ProviderContact Information: 503-616-8122

2507 SE MONROE STMilwaukie, OR 97222

Multi-Family · 6,000 Sq. ft. | 0.28 Acres
$1,500,000 Active

2507 SE MONROE ST Overview

Time on Site:
115 days
Visits:
1

Great location! Value-added 8-Unit apartment building in the heart of Milwaukie, just around the corner from largest Waldorf school in the State and one block from Milwaukie High School, near the waterfront and restaurants. 6 units out of 8 have been remodeled/updated during 2021-2023. Total 8 unit at one level: 1 unit has 2B/1.1B, 6 units are 2B/1B, 1 unit has 1B/1B. Low maintenance, brick siding, newer roof and newer kitchen appliances! New electric panels in all units! fully rented! Cap rate at 5.93%! Turn-key opportunity to expand your real estate portfolio!

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2507 SE MONROE ST Facts & Features

  • Type Multi-Family
  • Sq. ft. 6,000
  • Price/Sq.ft. $250
  • Lot 0.28 Acres

Details

General

School Information

  • Elementary School: Other
  • Middle Or Junior School: Rowe
  • High School: Milwaukie

Income/Expenses

  • Gross Income: 133016.0
  • Net Operating Income: 92953.0
  • Operating Expense: 43360.0

Building Information

  • Year Built: 1963

Location/Region

  • Country: US
  • County Or Parish: Clackamas
  • MLS Area Major: 145 - Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada

Community/Development

  • Community Features: Front Yard Landscaping

Rent/Lease Information

  • Rent Includes: Maintenance Grounds,Trash Collection

Tax Information

  • Tax Annual Amount: 10291.42
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Property Condition: Updated/Remodeled
  • Property Type: Multi Family
  • Zoning: R1B

Interior

Building Interior

  • Building Area Total: 6000.0

General Information

  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Off Street
  • Parking Total: 12.0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.28
  • Lot Size Dimensions: 12197
  • Lot Size Square Feet: 12196.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 8
  • Sewer: Public Sewer

2507 SE MONROE ST Neighborhood

Community

97222 (MILWAUKIE) Demographics

39
Median Age
4,225
Population Density (per sq. mile)
45%
College Educated
$64,905
Estimated Median Income
8,656
Estimated Total Home Owners
7,434
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2507 SE MONROE ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2507 SE MONROE ST Market Data

Based on the last 30 days in this zip code

$477,792
Average List Price
$291
Average Price per Square Foot
22
Properties Sold
91
Average Days on Market
101
Properties for Sale
Calculations provided by Reliance Network

2507 SE MONROE ST History

Date Event Value Agent
6/4/2026Source: Regional MLS Price Reduction
$1,500,000 -4.3%
3/6/2026Source: Regional MLS Added to Database
March 06, 2026