Rare pre-construction triplex investment opportunity in Milwaukie. This new construction project consists of three (3) well-designed units, each offering 3 bedrooms, 2 bathrooms, and a private garage. Built for long-term durability and low maintenance, the property is ideal for investors seeking stable cash flow and appreciation in a strong rental market. Modern layouts, efficient systems, and new construction minimize deferred maintenance and maximize tenant appeal. Excellent opportunity for buy-and-hold investors or 1031 exchange buyers. Convenient access to transit, downtown Milwaukie, schools, parks, and major commuter routes. Pricing, specifications, and timelines subject to change during construction.
Sold
$1,100,000
5041 SE King Rd, Milwaukie, OR 97222
9beds
3,666sqft
Multi Family
Built in 2026
-- sqft lot
$1,099,800 Zestimate®
$300/sqft
$2,256 Estimated rent
Home value
$1,099,800
$1.04M - $1.15M
$2,256/mo
Zestimate® history
Owner options
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$2,256/mo
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$2,256/mo
Rent Zestimate®
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$5,411/mo
Est. payment
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$5,411/mo
Est. payment
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Private garageModern layoutsEfficient systems
Zillow last checked:
Listing updated:
Listed by:
Viktor Rudnitskii viktor@idealhomesteam.com,
Keller Williams Premier Partners
Bought with:
Terry Foster, 200901086
eXp Realty, LLC
Source: RMLS (OR),MLS#: 596045290
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 9
- Full bathrooms: 6
- Partial bathrooms: 3
Heating
- Mini Split
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Disposal, Range, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: None
Interior area
- Total structure area: 3,666
- Total interior livable area: 3,666 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Stories: 2
- Has view: Yes
- View description: Territorial
Lot
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: New Construction
- Zoning: RMD
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Under Construction
- Year built: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Milwaukie
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2026 | Sold | $1,100,000-8.3%$300/sqft |
Source:  RMLS (OR) #596045290 Report a problem | ||
| 4/15/2026 | Pending sale | $1,200,000$327/sqft |
Source: RMLS (OR) #596045290 Report a problem | ||
| 12/21/2025 | Listed for sale | $1,200,000$327/sqft |
Source: RMLS (OR) #596045290 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,045 +3.5% | $92,922 +3% |
| 2024 | $1,975 +203.8% | $90,216 +204.1% |
| 2023 | $650 | $29,666 |
Find assessor info on the county website
Neighborhood: Lewelling
Nearby schools
GreatSchools rating
- 4/10Lewelling Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Rowe Middle SchoolGrades: 6-8Distance: 1.3 mi
- 2/10Milwaukie High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Lewelling
- 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
$1,099,800
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
$1,099,800
- Oregon
- Clackamas County
- Milwaukie
- 97222
- Lewelling
- 5041 SE King Rd
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