Updated Corner-Lot
3136 Southeast Sellwood Street Milwaukie, OR 97222
3136 Southeast Sellwood Street, Milwaukie, OR, 97222
$725,000
Pending
For Sale
$725,000
Pending
Each side of this corner-lot duplex offers updated kitchens and bathrooms plus a fully fenced yard.
Property Size4,455 SF
Days on Market52
Property Features for 3136 Southeast Sellwood Street
General Information
- Standard status
- Pending
- Size
- 4,455 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1927
Listing agency
St Clair Properties
(503) 705-0908
Listed by
John Livingston Bullier · License #201214337
(503) 705-0908
Source
Compass
Added: Jun 1 Updated: Jul 21 at 1:50PM Checked: Jul 22 at 6:32AM
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 St Clair Properties
Investment Insights
Based on property information with market context.
Built in the 1920s, this corner-lot duplex features two separate sides with updated kitchens and bathrooms, along with a fully fenced yard. The property is described as having rare two-car garages, and both units are individually metered for gas and electricity.
One unit at 3136 Southeast Sellwood Street is vacant and recently renovated with two bedrooms and one bathroom, including hardwood floors, new paint, new appliances, and updated cabinetry. The other unit at 11525 Southeast 32nd Ave is currently rented month-to-month and is described as having four bedrooms and two bathrooms, with updates over time while retaining original details such as fixtures and molding.
The property is within walking distance of Century Park, Downtown Milwaukie, New Seasons, and Milwaukie High School, with driving access noted to Sellwood and Downtown Portland.
One unit at 3136 Southeast Sellwood Street is vacant and recently renovated with two bedrooms and one bathroom, including hardwood floors, new paint, new appliances, and updated cabinetry. The other unit at 11525 Southeast 32nd Ave is currently rented month-to-month and is described as having four bedrooms and two bathrooms, with updates over time while retaining original details such as fixtures and molding.
The property is within walking distance of Century Park, Downtown Milwaukie, New Seasons, and Milwaukie High School, with driving access noted to Sellwood and Downtown Portland.
Key Highlights
- Corner‑lot duplex with 2 separate residences: 3136 SE Sellwood St and 11525 SE 32nd Ave
- Units have updated kitchens and bathrooms and each side includes a fully fenced yard
- 3136 SE Sellwood St: vacant, recently renovated 2BD/1BTH with hardwood floors, new paint, new appliances, and updated cabinetry
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 | $109.6k | $24.60 |
| − Vacancy | −$5.6k | −$1.25 |
| EGI | $104.0k | $23.35 |
| − OpEx | −$46.8k | −$10.51 |
| NOI | $57.2k | $12.84 |
4,455 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$817.2K
$715.0K – $953.4K
NOI $57,202 @ 7.0% cap · market cap 7.89%
Second Best
Multifamily LT 5
$799.4K
$699.5K – $932.7K
NOI $55,960 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,176 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each side of this corner-lot duplex offers updated kitchens and bathrooms plus a fully fenced yard.
Where is this duplex located?
The property is located at 3136 Southeast Sellwood Street Milwaukie, OR.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Corner‑lot duplex with 2 separate residences: 3136 SE Sellwood St and 11525 SE 32nd Ave; Units have updated kitchens and bathrooms and each side includes a fully fenced yard; 3136 SE Sellwood St: vacant, recently renovated 2BD/1BTH with hardwood floors, new paint, new appliances, and updated cabinetry
