Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11067 42Nd Ave Milwaukie, OR 97222

    • Dormitories
    • 3,552 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0832657
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dormitories

    Property Details for 11067 42Nd Ave

    Year built
    1959
    Lot size
    0.14 lot acres
    Property size
    3,552 SF
    Property type
    Dormitories
    Property subtype
    Student housing

    Description

    This exceptional four-unit apartment building presents a compelling investment opportunity in desirable Milwaukie, Oregon. Located on a 0.14-acre corner lot at 11067 SE 42nd Ave, 97222, this 3,552 square foot property boasts a strong 4.95% cap rate and a Net Operating Income (NOI) of $34,634. The building, constructed in 1959 and zoned R-MD, comprises four units: two spacious two-bedroom, one-bathroom apartments and two cozy one-bedroom, one-bathroom apartments, offering a total of six bedrooms. Convenient off-street parking is available. The property's prime location provides easy access to parks, coffee shops, restaurants, and grocery stores, enhancing its appeal to tenants. This multifamily property is ideal for investors seeking a stable, high-yield investment or those looking for a multi-unit residential option. The property's strong cash flow and desirable location make it a truly exceptional opportunity in the thriving Milwaukie market. An aerial tour is available online.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukie
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.6199356
    Latitude
    45.4433057

    Comparable in this City

    • $189,950

      Remodeled Lakefront Manufactured Home

      Beautifully remodeled lakefront manufactured home with modern updates and lake views.
      10400 SE Cook Ct, Milwaukie, OR 97222
      View Details
    • $259,000

      Updated Condo in Maintained Community

      Ground level condo updated in 2018 with community pool.
      12600 SE Freeman Way, Milwaukie, OR 97222
      View Details
    • $1,200,000
      3,666 SF

      Pre-Construction Triplex Investment Opportunity

      New construction triplex in Milwaukie with 3 bed, 2 bath units.
      5041 SE King Rd, Milwaukie, OR 97222
      View Details
    • $695,000

      Milwaukie Triplex with Rental History

      1950's triplex in Milwaukie, close to amenities and transportation.
      4134 SE Washington St, Milwaukie, OR 97222
      View Details
    • $252,500

      Ground Floor Condo with Updates

      Updated ground floor condo with new paint and carpeting.
      12600 SE Freeman Way, Milwaukie, OR 97222
      View Details
    • $339,999
      732 SF

      New Detached Condo with Patio

      New 732 SF condo with private patio and modern finishes.
      4103 SE Olsen St, Milwaukie, OR 97222
      View Details

    Similar Nearby for Sale

    • $189,950

      Remodeled Lakefront Manufactured Home

      Beautifully remodeled lakefront manufactured home with modern updates and lake views.
      10400 SE Cook Ct, Milwaukie, OR 97222
      View Details
    • $259,000

      Updated Condo in Maintained Community

      Ground level condo updated in 2018 with community pool.
      12600 SE Freeman Way, Milwaukie, OR 97222
      View Details
    • $1,200,000
      3,666 SF

      Pre-Construction Triplex Investment Opportunity

      New construction triplex in Milwaukie with 3 bed, 2 bath units.
      5041 SE King Rd, Milwaukie, OR 97222
      View Details
    • $695,000

      Milwaukie Triplex with Rental History

      1950's triplex in Milwaukie, close to amenities and transportation.
      4134 SE Washington St, Milwaukie, OR 97222
      View Details
    • $339,999
      732 SF

      New Detached Condo with Patio

      New 732 SF condo with private patio and modern finishes.
      4103 SE Olsen St, Milwaukie, OR 97222
      View Details
    • $252,500

      Ground Floor Condo with Updates

      Updated ground floor condo with new paint and carpeting.
      12600 SE Freeman Way, Milwaukie, OR 97222
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      34,000 SF

      Retail Space in Active Community

      640 SF retail space in Wichita Town Center.
      6102-6104 Southeast King Rd, Milwaukie, OR 97222
      View Details
    • $28 SF/Yr
      3,270 SF

      Milwaukie Office Space For Rent

      Office space with great visibility near Clackamas Town Center.
      6400 SE Lake Rd, Milwaukie, OR 97222
      View Details
    • Contact for pricing
      6,400 SF

      Industrial Space in Milwaukie, Oregon

      6,400 SF industrial property available for lease in Milwaukie.
      12300 SE Mallard Way, Milwaukie, OR 97222
      View Details
    • $0.95 SF/Yr
      9,412 SF

      Industrial Space Available For Sublease

      Industrial space for sublease in Clackamas County, available August 2025.
      5300 SE Johnson Creek Blvd, Milwaukie, OR 97222
      View Details
    • $30 SF/Yr
      1,396 SF

      Ground Floor Office Space

      Office space with lobby exposure and easy highway access.
      12115 SW 70Th Ave, Portland, OR 97222
      View Details
    • $0.85 SF/Yr
      17,600 SF

      Industrial Space with Office Component

      Industrial space with office, convenient location, and ample parking.
      5565 Southeast International Way, Portland, OR 97222
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11067 42Nd Ave
    Milwaukie, OR 97222
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.