16656 SE MOON Ave, Milwaukie, OR 97267
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 16656 SE MOON Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MR1
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 00454378
- Size
- 2,700 SF
Taxes and HOA fees
- Tax Description
- 1024 ROLEHEIGHTS LT 6 BLK 3
- Tax Annual Amount
- 4723
Utilities
- Heating system
- Zoned
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Composition
Listing agent Seann Bates (503) 475-3017
Listing office The Alpine Group, Inc. 4750 SW Washington Ave, Beaverton, OR (503) 641-4620
Listing date Jun 26, 2026
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.
HighLights
- Side‑by‑side triplex built in 1963 offering three 2‑bedroom/1‑bath units
- Each unit includes an open living, dining, and kitchen layout
- Sliding glass door in each unit to a private fenced patio
- Off‑street parking and shared on‑site laundry included
- Composition roof and zoned heating
- 5 bedrooms and 3 bathrooms listed in the room details
Overview
Located at 16656 SE Moon Ave in Milwaukie, Oregon 97267, the property is described as being in the Oak Grove area near local amenities, shopping, services, and major transportation routes. The offering is positioned as a practical residential income asset with consistent unit types across all three units, along with dedicated outdoor space for each household.
For investors or owner-operators seeking a straightforward multifamily structure, this configuration provides three identical 2-bedroom, 1-bath layouts with private fenced patios, shared laundry, and off-street parking. The zoning is listed as MR1. The seller advises that buyers should conduct their own due diligence to confirm rents, lease terms, expenses, taxes, square footage, zoning, property condition, financing requirements, and any assumptions related to future rental performance.
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 | $66.4k | $24.60 |
| − Vacancy | −$3.4k | −$1.25 |
| EGI | $63.0k | $23.35 |
| − OpEx | −$28.4k | −$10.51 |
| NOI | $34.7k | $12.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Milwaukie
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.619219
- Latitude
- 45.403041
