2712 Se LAKEWOOD Dr, Milwaukie, OR 97222

• 2,740 sqft

Property Description

Discover a fantastic investment opportunity with this well-maintained triplex just minutes from downtown Milwaukie. Offering a strong 6.57% CAP rate and a solid rental history, this property is ideal for investors seeking reliable cash flow or owner-occupants looking to offset their mortgage. Choose to maximize income by leasing all three units or live in one unit while renting the other two—a flexible setup that suits a variety of investment strategies. The property also features convenient off-street parking for tenants. Residents will love the unbeatable location, with easy access to the Milwaukie waterfront, pFriem Brewing, the Milwaukie Farmers Market, Fred Meyer, New Seasons Market, and a variety of local shops, restaurants, and amenities. Recent updates include two new water heaters and a newer roof, providing added value and peace of mind. Whether you're expanding your investment portfolio or looking for a smart owner-occupied property, this triplex offers an exceptional combination of location, flexibility, and income potential.

Listing Status:

Active

Date Added:

July 24, 2026

Data Last Updated:

August 6, 2026 at 1:40AM

Listing Office:

Cascade Hasson Sotheby's International Realty : 503-335-9898

Listing Agent:

Daniel Bruno : 503-936-8160

MLS ID:

110879486

Interior

• Basement: Crawl space
• A/C: None
• Heating: Wall heater

Exterior

• General: Vinyl siding
• Parking: AssignedOff streetParking spaces: 4

Construction

• Roofing: Composition
• General: Concrete perimeter

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Clackamas

Lot

• Zoning: HDR111 MILWAUKIE HEIGHTS LT 14 BLK 5501694722

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.