New Construction Milwaukie
5137 SE Aldona Ct Milwaukie, OR 97267
For Sale
$949,900
MULTI_FAMILY - Milwaukie, OR
Property Size2,970 SF
Lot Size0.23 Acres
Price / SF$319.83
Days on Market158
Property Features for 5137 SE Aldona Ct
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R10
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 5, Bedroom 5, Bathroom 3, Bathroom 6, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 2
- Standard status
- Active
- APN
- New Construction
- Size
- 2,970 SF
- Lot size
- 0.23 Acres
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: Feb 18
Changed: Jul 26
Last Checked: Jul 26 at 2:06PM
MLS# 235041833
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 brand-new duplex, constructed by an award-winning builder, is part of a new 29-unit community in Milwaukie. Each side features three bedrooms and two and a half bathrooms within 1,472 square feet of living space, along with an attached one-car garage. A covered front porch leads into an open-concept main level, connecting the kitchen, dining, and living areas. A sliding door opens to a private patio and fenced yard. A half bathroom is located on the main floor. The attached garage offers additional storage, complemented by driveway parking. Upstairs, all three bedrooms are located, including a primary suite with a private bathroom and walk-in closet, plus a full laundry room. Constructed with efficiency in mind, the home includes a high-efficiency gas furnace, modern insulation, and quality materials. A double-framed common wall with an air gap and insulation enhances privacy between units. The property is located in Clackamas County. It is located approximately 1.5 miles from Milwaukie Bay Park and the Willamette River waterfront, about 1.5 miles from downtown Milwaukie shops and dining, around 1.6 miles from New Seasons Market, and roughly 1.7 miles from the Milwaukie/Main Street MAX Station, with access to SE McLoughlin Blvd. This new construction duplex offers flexibility for owner-occupants or investors seeking low-maintenance living in a growing Milwaukie location.
Key Highlights
- Brand‑new duplex under construction, built in 2026, with forced air heating and a composition roof
- Each side offers 3 bedrooms and 2.5 bathrooms with 1,472 SF of living space per duplex unit
- Open‑concept main level with kitchen, dining, and living areas plus a half bathroom for guests
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 | $73.1k | $24.60 |
| − Vacancy | −$3.7k | −$1.25 |
| EGI | $69.3k | $23.35 |
| − OpEx | −$31.2k | −$10.51 |
| NOI | $38.1k | $12.84 |
2,970 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$544.8K
$476.7K – $635.6K
NOI $38,135 @ 7.0% cap · market cap 4.01%
Second Best
Multifamily LT 5
$532.9K
$466.3K – $621.8K
NOI $37,306 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$801.7K
$701.5K – $935.3K
NOI $56,117 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New duplex in Milwaukie with modern design and efficient layout.
Where is this duplex located?
The property is located at 5137 SE Aldona Ct Milwaukie, OR.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Brand‑new duplex under construction, built in 2026, with forced air heating and a composition roof; Each side offers 3 bedrooms and 2.5 bathrooms with 1,472 SF of living space per duplex unit; Open‑concept main level with kitchen, dining, and living areas plus a half bathroom for guests
