10544 SE Main St - Apartments FOR SALE


Milwaukie, OR 97222- Historic Milwaukie
$7,500,000 USD
541-760-0936
10544 SE Main St, Milwaukie, OR for Sale
$7,500,000 USD
Apartments - FOR SALE
1/8
null | 5.5% Cap Rate

10544 SE Main St
Milwaukie, OR 97222
Historic Milwaukie


HIGHLIGHTS

  • Located in Milwaukie’s walkable downtown core near civic and retail anchors
  • Zoned Downtown Mixed Use, allowing for flexible commercial or residential uses
  • Excellent transit access via MAX Orange Line and TriMet bus routes
  • Surrounded by local restaurants, shops, and public amenities
  • High visibility corner location with strong pedestrian traffic
  • Minutes from SE McLoughlin Blvd and Highway 224 for regional access

OVERVIEW

Introducing North Main Village, a 64-unit LIHTC apartment community located in the heart of Milwaukie, OR. Built in 2006, this well-maintained property offers a mix of spacious one- and two-bedroom layouts, including affordable housing options. Each apartment features a fully equipped kitchen with a dishwasher and disposal, as well as a private balcony or patio. Residents enjoy desirable amenities such as wheelchair-accessible units, ample off-street parking, courtyard, and a peaceful, tree-lined setting that enhances the community’s suburban charm. Ideally positioned in Clackamas County, North Main Village provides a balance of small-town appeal and urban accessibility. The property sits next door to Milwaukie’s newly rebuilt public library, a modern community hub completed in 2018. Residents also benefit from close proximity to downtown Milwaukie’s vibrant retail, dining, and entertainment options while enjoying seamless connectivity to the greater Portland metro. Commuting around the city and into the metro is easy with the TriMet Orange MAX Line and multiple bus routes within walking distance. Offering both affordability and convenience, North Main Village presents a compelling opportunity for investors in the growing Portlandarea rental market.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

64

PRICE/UNIT

$117,188

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Main Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

DS

APN/PARCEL ID

05016267,05017495

ASK ABOUT THIS PROPERTY

Adam SmithHFO Investment Real EstateMore Info
541-760-0936

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Adam SmithHFO Investment Real EstateMore Info
541-760-0936

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.