For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

5490 SE Milwaukie Ave Portland, OR 97202

View on Map
Claim this Listing
Loading data...
Loading data...
Loading data...
For Sale
$2,250,000

Eleven-unit apartment building in desirable Sellwood neighborhood.

Type:Multifamily
Added:
Apr 3, 2026
Days on Market:
22
Last Refresh:
Apr 3 at 5:08 am

Property Features for 5490 SE Milwaukie Ave

General Information

Standard status
Active
Property subtype
Multifamily

We can help!

Listing Contact
Noah R. Bussanich

Listing agent Noah R. Bussanich License #OR: 201252651

Listing office Portland Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Portland Office


Overview

Sellwood Multifamily Investment Opportunity

The Harold Apartments, constructed in 2015, is an 11-unit multifamily property located in the Sellwood neighborhood of Southeast Portland. The property features a mix of four studio units, six two-bedroom units with one and a half bathrooms, and one two-bedroom, two-bathroom apartment. The building's design incorporates a cedar shake exterior, energy-efficient vinyl windows, and a three-story structure. Interior finishes include hardwood-style flooring, gray granite countertops, stainless steel appliances, built-in wardrobe cabinetry, ceiling fans, and in-unit stacked washers and dryers. Bathrooms feature walk-in showers with modern tile. Dedicated bicycle storage is available. The property is located in North Sellwood, with access to restaurants, coffee shops, local retail, and outdoor destinations including Oaks Bottom Wildlife Refuge, the Springwater Corridor Trail, Sellwood Park, and Eastmoreland Golf Course. Multiple bus lines serve the area, and the MAX Orange Line is located 0.2 miles away. Downtown Portland is three miles from the property. Current rents are approximately 11.5 percent below market.
Location Intelligence

Current Use by Public Records

Harold Apartments Apartment Building

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Portland
County
Washington
State
Oregon
Longitude
-122.6494642
Latitude
45.4832352

FAQs

What type of property is this?
Apartment building - Eleven-unit apartment building in desirable Sellwood neighborhood.
Where is this apartment building located?
The property is located at 5490 SE Milwaukie Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Located in the highly desirable Sellwood neighborhood of Southeast Portland.; Newer construction (2015) with modern finishes.; Turnkey asset with significant value upside.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message