Corner Lot Duplex with Off-Street
12406 SE FULLER Rd Milwaukie, OR 97222
12406 SE FULLER Rd, Milwaukie, OR, 97222
$470,000
For Sale
$470,000
MULTI_FAMILY - Milwaukie, OR
Property Size1,410 SF
Lot Size0.15 Acres
Price / SF$333.33
Days on Market150
Property Features for 12406 SE FULLER Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R10
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
- Standard status
- Active
- APN
- 00111239
- Size
- 1,410 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- 664 SOUTHGATE VILLAGE PT LT 17 BLK 7
- Tax Annual Amount
- 3354
Utilities
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1954
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Membrane
Listing Agency
eXp Realty, LLC
(888) 814-9613
4800 Meadows Rd Ste 300, Salem, OR
Listed by
Andrew Harris
(503) 504-2369
Added: Feb 18 Checked: Jul 18 at 12:06 am
MLS# 260917318
Listing URL
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers two separate units with fully fenced private yards, patios, exterior sheds, and laundry hookups for each unit. The 1-bedroom unit is currently vacant and described as move-in ready with new carpet, fresh paint, newer vinyl flooring, and a 2019 water heater. The 2-bedroom unit is rented month-to-month, with rent increasing to $1,465 in September, and features updates including a bath remodel completed in 2020–2021 and newer flooring throughout. The exterior has been freshly painted, and the roof was replaced in 2012. The property is listed as having no HOA.
The site is a corner lot with six off-street parking spaces. A bus stop is listed as directly out front, and the property is described as minutes from the MAX line, I-205, Clackamas Town Center, and N Clackamas Aquatic Park.
The listing provides a 2025 appraised value reference and indicates low Clackamas County taxes, along with school names for Linwood Elementary, Rowe Middle, and Milwaukie High School.
The site is a corner lot with six off-street parking spaces. A bus stop is listed as directly out front, and the property is described as minutes from the MAX line, I-205, Clackamas Town Center, and N Clackamas Aquatic Park.
The listing provides a 2025 appraised value reference and indicates low Clackamas County taxes, along with school names for Linwood Elementary, Rowe Middle, and Milwaukie High School.
Key Highlights
- Milwaukie duplex built in 1954 with no HOA and corner‑lot off‑street parking for 6 vehicles
- 1‑bedroom unit is vacant and move‑in ready with new carpet, fresh paint, newer vinyl flooring, and a 2019 water heater
- 2‑bedroom unit is rented month‑to‑month; rent increasing to $1,465 in September
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.7k | $24.60 |
| − Vacancy | −$1.8k | −$1.25 |
| EGI | $32.9k | $23.35 |
| − OpEx | −$14.8k | −$10.51 |
| NOI | $18.1k | $12.84 |
1,410 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$258.6K
$226.3K – $301.7K
NOI $18,104 @ 7.0% cap · market cap 3.85%
Second Best
Multifamily LT 5
$253.0K
$221.4K – $295.2K
NOI $17,711 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$380.6K
$333.0K – $444.0K
NOI $26,642 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex with a vacant 1-bedroom and a month-to-month 2-bedroom, plus six off-street parking spaces.
Where is this duplex located?
The property is located at 12406 SE FULLER Rd Milwaukie, OR.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Milwaukie duplex built in 1954 with no HOA and corner‑lot off‑street parking for 6 vehicles; 1‑bedroom unit is vacant and move‑in ready with new carpet, fresh paint, newer vinyl flooring, and a 2019 water heater; 2‑bedroom unit is rented month‑to‑month; rent increasing to $1,465 in September
