New Construction Three-Bedroom Apartment
5141 SE Aldona Ct Milwaukie, OR 97267
For Sale
$13,774,900
MULTI_FAMILY - Milwaukie, OR
Property Size46,391 SF
Lot Size2.82 Acres
Price / SF$296.93
Days on Market158
Property Features for 5141 SE Aldona Ct
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R10
- Bedrooms
- 12
- Bathrooms
- 12
- Rooms
- Bedroom 4, Bathroom 10, Bathroom 9, Bedroom 6, Bathroom 6, Bedroom 5, Bedroom 3, Bathroom 12, Bathroom 11, Bathroom 4, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 10, Bedroom 12, Bedroom 1, Bathroom 8, Bedroom 9, Bathroom 5, Bedroom 11, Bedroom 2, Bathroom 7, Bathroom 3, Bathroom 1
- Standard status
- Active
- APN
- New Construction
- Size
- 46,391 SF
- Lot size
- 2.82 Acres
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 29
- 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# 336091629
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.
Robbins Place is a newly constructed 29-unit multifamily community built as two-story, open-concept homes. Each unit includes three bedrooms with a full laundry room upstairs, plus a main-level half bathroom for day-to-day convenience. Outdoor space features a covered front porch and a private patio with a fenced yard, and each home has a one-car attached garage along with additional driveway parking. The community totals approximately 46,391 rentable square feet, offering a consistent three-bedroom, 2.5-bath configuration across the property.
The property is located in Clackamas County, with the listing remarks noting a tax positioning outside Portland city limits. Amenities and daily destinations are described as being nearby, including Milwaukie Bay Park and the Willamette River waterfront (about 1.5 miles), downtown Milwaukie shops and dining (about 1.5 miles), New Seasons Market (about 1.6 miles), and the Milwaukie/Main Street MAX Station (about 1.7 miles). Convenient access to SE McLoughlin Blvd is also noted.
With 29 units and a uniform three-bedroom product, this community may fit investors or operators looking for a newly built, durable rental asset in a growing Milwaukie submarket. The construction details cited in the remarks include high-efficiency gas forced-air heating, modern insulation standards, quality finishes, and double-framed common walls with a one-inch air gap between units.
The property is located in Clackamas County, with the listing remarks noting a tax positioning outside Portland city limits. Amenities and daily destinations are described as being nearby, including Milwaukie Bay Park and the Willamette River waterfront (about 1.5 miles), downtown Milwaukie shops and dining (about 1.5 miles), New Seasons Market (about 1.6 miles), and the Milwaukie/Main Street MAX Station (about 1.7 miles). Convenient access to SE McLoughlin Blvd is also noted.
With 29 units and a uniform three-bedroom product, this community may fit investors or operators looking for a newly built, durable rental asset in a growing Milwaukie submarket. The construction details cited in the remarks include high-efficiency gas forced-air heating, modern insulation standards, quality finishes, and double-framed common walls with a one-inch air gap between units.
Key Highlights
- Newly constructed 29‑unit multifamily community in Milwaukie (Clackamas County); built in 2026 and currently under construction
- Unit mix: twenty‑nine three‑bedroom homes totaling approx. 46,391 rentable SF with 87 bedrooms, 58 full baths, and 29 half baths
- Two‑story open‑concept layout with main‑level half bath; all bedrooms upstairs plus a full laundry room
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 | $1.14M | $24.60 |
| − Vacancy | −$58.2k | −$1.25 |
| EGI | $1.08M | $23.35 |
| − OpEx | −$487.4k | −$10.51 |
| NOI | $595.7k | $12.84 |
46,391 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$8.51M
$7.45M – $9.93M
NOI $595,659 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.52M
$10.96M – $14.61M
NOI $876,545 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 29-unit newly constructed community with two-story open-concept plans, covered porches, fenced yards, and attached garages.
Where is this apartment building located?
The property is located at 5141 SE Aldona Ct Milwaukie, OR.
What is the asking price?
The asking price for this property is $13,774,900.
What are key features of this property?
This property features: Newly constructed 29‑unit multifamily community in Milwaukie (Clackamas County); built in 2026 and currently under construction; Unit mix: twenty‑nine three‑bedroom homes totaling approx. 46,391 rentable SF with 87 bedrooms, 58 full baths, and 29 half baths; Two‑story open‑concept layout with main‑level half bath; all bedrooms upstairs plus a full laundry room
