13455 SE OATFIELD RD, Milwaukie, OR 97222
13455 SE OATFIELD RD, Milwaukie, OR 97222
13455 SE OATFIELD RD, Milwaukie, OR 97222
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Zeil Vanden Heuvel

Zeil Vanden Heuvel

+1(503) 479-5662
Listed by Barry Investment Real Estate
$4,850,000
Est. payment /mo
6 Beds
4 Baths
27,650 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 27,650 sqft

Price per Sqft $175

MLS Listing ID 660527886

Bedrooms 6

HOA Y/N No

Year Built 1965

Annual Tax Amount $40,412

Tax Year 2025

Lot Size 2.100 Acres

Property Description

Driftwood Terrace Apartments is a 33-unit multifamily community located in the desirable Oak Grove / Milwaukie Heights area of Clackamas County. Constructed in 1965, the property features a low-density garden-style courtyard setting with mature landscaping and attractive grounds. The property offers a diverse unit mix consisting of studio, one-bedroom, two-bedroom, and three-bedroom apartment homes, with the majority of units comprised of spacious two-bedroom and three-bedroom floor plans. Driftwood Terrace continues to benefit from strong occupancy and a stable long-term tenant base. Numerous residents have occupied the property for many years and remain below current market rents, providing investors with a clear path to future rental growth through annual rent increases and natural turnover. Located just minutes from the MAX Orange Line, Highway 99E, Downtown Milwaukie, and Downtown Portland, Driftwood Terrace offers investors the opportunity to acquire a Clackamas County apartment community with strong transportation connectivity, and long-term rental upside.

Location

State OR

County Clackamas

Area _145

Zoning MR1

Interior

Heating Wall Heater

Cooling None

Exterior

Roof Type Flat

Garage No

Building

Lot Description Level

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Oak Grove

Middle Schools Rowe

High Schools Putnam

Others

Acceptable Financing CallListingAgent, Cash, Conventional

Listing Terms CallListingAgent, Cash, Conventional

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Regional Multiple Listing Service (RMLS)

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Zeil Vanden Heuvel

Agent License ID: 201254509

+1(503) 479-5662

Emily Harris

Agent License ID: 201256422

+1(503) 673-3991

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