Corner-Lot Duplex with Private
For Sale
$450,000
12406 SE FULLER RD, Milwaukie, OR 97222
Two separate units offer private outdoor areas, parking, and laundry hookups near transit and everyday amenities.
Property Size1,410 SF
Price / SF$319.15
Days on Market55
Property Features for 12406 SE FULLER RD
General Information
Standard status
Active
Size
1,410 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
R10
Taxes and HOA fees
Annual Taxes
$3,353
Amenities
IndividualStorageUnits
CrawlSpace
Electricity
UnitTypeType1,UnitTypeType2
2
1
AirConditioning,Refrigerator,Storage,WasherDryerHookup
1465
CornerLot,Level,OnBusline
PublicWater
6.0
0.15
Driveway,OffStreet
Paved
ConcretePerimeter,Slab
1410.0
T111Siding
Building Details
Building Size
1,410 SF
Year Built
1954
Stories
1
Listing Agency:
eXp Realty
(541) 730-4830
Listed By:
Sherry Kruse
(541) 905-4330
Source:
Premierepropertygroup
Added: Aug 22
Changed: Oct 13
Last Checked: Oct 14 at 9:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
Located at 12406 SE Fuller Rd in Milwaukie, this 1,410-square-foot duplex dates to 1954 and includes one one-bedroom unit and one two-bedroom unit. Both residences feature their own fenced yard, patio, exterior storage shed, and laundry hookups. The vacant one-bedroom unit has new carpet, fresh paint, newer vinyl flooring, and a 2019 water heater. The two-bedroom unit includes a bathroom renovation completed in 2020-21 and newer flooring throughout.
The corner-lot property provides six off-street parking spaces and no HOA. A bus stop is directly in front of the property, with access to the MAX line and I-205 within minutes. Clackamas Town Center and N Clackamas Aquatic Park are also nearby, while Linwood Elementary, Rowe Middle School, and Milwaukie High School serve the surrounding area. The roof was replaced in 2012, and the exterior has been freshly painted.
The corner-lot property provides six off-street parking spaces and no HOA. A bus stop is directly in front of the property, with access to the MAX line and I-205 within minutes. Clackamas Town Center and N Clackamas Aquatic Park are also nearby, while Linwood Elementary, Rowe Middle School, and Milwaukie High School serve the surrounding area. The roof was replaced in 2012, and the exterior has been freshly painted.
Key Highlights
- 1,410 SF duplex on a corner lot in Milwaukie
- One‑bedroom and two‑bedroom units, each with a fully fenced private yard and patio
- Six off‑street parking spaces; no HOA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,104
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,080
$362.1K
Cap Rate 7%
$258,629
$258.6K
Cap Rate 9%
$201,156
$201.2K
Market Conditions
NOI Build-Up for 1,410 SF
Gross rent
$34.7K $24.60/SF
− Vacancy
−$1.8K −$1.25/SF
EGI
$32.9K $23.35/SF
− OpEx
−$14.8K −$10.51/SF
NOI
$18.1K $12.84/SF
Area
Clackamas County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,080
Cap Rate 7%
$258,629
Cap Rate 9%
$201,156
Alternative Uses
Best Use
Apartment 5plus
$258.6K
$226.3K – $301.7K
NOI $18,104 @ 7.0% cap · market cap 4.02%
Second Best
Multifamily LT 5
$253.0K
$221.4K – $295.2K
NOI $17,711 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$380.6K
$333.0K – $444.0K
NOI $26,642 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 97222, OR
36,316
Population
16,910
Households
2.1
Avg Household Size
41
Median Age
38%
College-Educated
95%
High-School Grad
8.6 sq mi
ZIP Area
4,223
Density / Sq Mi
$77,441
Median Household Income
$48,298
Median Earnings
$1,592
Median Rent
$465,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units offer private outdoor areas, parking, and laundry hookups near transit and everyday amenities.
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 $450,000.
What are key features of this property?
This property features: 1,410 SF duplex on a corner lot in Milwaukie; One‑bedroom and two‑bedroom units, each with a fully fenced private yard and patio; Six off‑street parking spaces; no HOA
