This 3-bedroom, 2-bathroom condo presents an exceptional investment opportunity, especially for those seeking long-term value. With no rental cap, this property is ideal for investors looking to maximize returns through rental income. At a price well below the average cost per square foot compared to other complexes, this condo offers equity potential. The unit is move-in ready, featuring a spacious layout that appeals to a variety of tenants, including remote workers and families. Located in a desirable Milwaukie neighborhood, it offers close proximity to schools, major highways, public transportation, hospitals, shopping, and dining—making it a prime location for renters seeking convenience. The community amenities, including a refreshing pool, park-like common areas, and a community garden, add to the property’s appeal, providing tenants with plenty of recreational opportunities. A resident-maintained flower garden adds charm to the exterior, while the included garage offers convenient parking. Inside, the condo features large windows that provide a view of the trees, an floor plan perfect for entertaining, and in-unit laundry for added convenience—all features that attract quality long term tenants. With its blend of functionality, location, and investment-friendly policies, this condo is a high-potential asset for any portfolio.
Sold
$257,000
12600 SE Freeman Way Unit 44, Portland, OR 97222
3beds
1,103sqft
Residential, Condominium
Built in 1980
-- sqft lot
$257,400 Zestimate®
$233/sqft
$2,224 Estimated rent
Home value
$257,400
$239,000 - $275,000
$2,224/mo
Zestimate® history
Owner options
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$2,224/mo
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$2,224/mo
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$2,040/mo
Est. payment
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Modern eleganceSleek countertopsUpdated en-suite bathTranquility of natureUpdated appliancesLarge windowsPrimary suite
Zillow last checked:
Listing updated:
Listed by:
Diana Ferguson 503-756-4738,
Keller Williams Realty Portland Elite
Bought with:
Sonja Christiansen, 201248379
Works Real Estate
Source: RMLS (OR),MLS#: 24410791
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
Primary bedroom
- Features: Suite, Walkin Shower, Wallto Wall Carpet
- Level: Main
- Area: 144
- Dimensions: 12 x 12
Bedroom 2
- Features: Wallto Wall Carpet
- Level: Main
- Area: 132
- Dimensions: 11 x 12
Bedroom 3
- Features: Wallto Wall Carpet
- Level: Main
- Area: 132
- Dimensions: 11 x 12
Dining room
- Features: Ceiling Fan, Great Room
- Level: Main
- Area: 64
- Dimensions: 8 x 8
Kitchen
- Features: Dishwasher, Eat Bar, Free Standing Range, Free Standing Refrigerator
- Level: Main
- Area: 64
- Width: 8
Living room
- Features: Balcony, Fireplace, Sliding Doors, Wallto Wall Carpet
- Level: Main
- Area: 264
- Dimensions: 22 x 12
Heating
- Baseboard, Fireplace(s)
Appliances
- Included: Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Plumbed For Ice Maker, Electric Water Heater
- Laundry: Hookup Available, Laundry Room
Features
- Ceiling Fan(s), Great Room, Eat Bar, Balcony, Suite, Walkin Shower
- Flooring: Wall to Wall Carpet
- Doors: Sliding Doors
- Windows: Vinyl Frames
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,103
- Total interior livable area: 1,103 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street, Garage Door Opener, Condo Garage (Deeded), Detached
- Garage spaces: 1
Features
- Stories: 1
- Entry location: Upper Floor
- Patio & porch: Covered Deck
- Exterior features: Yard, Balcony
- Has private pool: Yes
- Spa features: Association
Lot
- Features: Commons, Trees
Details
- Parcel number: 00096078
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Residential, Condominium
Materials
- Cement Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Portland
- Subdivision: Northridge Condos - Building 5
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $501 monthly
- Amenities included: Commons, Exterior Maintenance, Maintenance Grounds, Management, Party Room, Pool, Sewer, Spa Hot Tub, Trash, Water
Other
Other facts
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2024 | Sold | $257,000$233/sqft |
Source:  RMLS (OR) #24410791 Report a problem | ||
| 11/13/2024 | Pending sale | $257,000$233/sqft |
Source: RMLS (OR) #24410791 Report a problem | ||
| 10/21/2024 | Price change | $257,000-4.8%$233/sqft |
Source: RMLS (OR) #24410791 Report a problem | ||
| 9/19/2024 | Price change | $270,000-3.6%$245/sqft |
Source: RMLS (OR) #24410791 Report a problem | ||
| 8/12/2024 | Price change | $280,000-6.7%$254/sqft |
Source: RMLS (OR) #24410791 Report a problem | ||
| 8/5/2024 | Listed for sale | $300,000+81.8%$272/sqft |
Source: RMLS (OR) #24410791 Report a problem | ||
| 3/14/2016 | Sold | $165,000+1.5%$150/sqft |
Source: RMLS (OR) #16470980 Report a problem | ||
| 1/30/2016 | Pending sale | $162,500$147/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 1/24/2016 | Listed for sale | $162,500+88.6%$147/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 1/7/2013 | Sold | $86,150$78/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Lake Road
Nearby schools
GreatSchools rating
- 6/10Milwaukie El Puente Elementary SchoolGrades: K-5Distance: 1 mi
- 3/10Rowe Middle SchoolGrades: 6-8Distance: 0.5 mi
- 2/10Milwaukie High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Milwaukie
- Middle: Rowe
- High: Milwaukie
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$257,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$257,400
- Oregon
- Clackamas County
- Milwaukie
- 97222
- Lake Road
- 12600 SE Freeman Way Unit 44
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