Welcome to this updated single-level duplex on a large corner lot with spacious, fully fenced backyard & patio. Each unit is features 2 bedrooms, 1 bath & 822 square feet, including a cozy living room with a fireplace & kitchen with refrigerator, range & built-in microwave. Both units are fully leased with an excellent rental history, generating a projected annual income of $43,080. Each home includes an attached garage, additional driveway parking, and all appliances. Close to Parks, Schools, Hospital, Shopping & much more...This duplex has been well maintained inside and out. Please do not disturb tenants.
Sold
$650,000
8845 SE 40th Ave, Milwaukie, OR 97222
4beds
1,644sqft
Multi Family
Built in 1977
-- sqft lot
$648,500 Zestimate®
$395/sqft
$2,487 Estimated rent
Home value
$648,500
$616,000 - $687,000
$2,487/mo
Zestimate® history
Owner options
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$2,487/mo
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$2,487/mo
Rent Zestimate®
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$3,956/mo
Est. payment
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$3,956/mo
Est. payment
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List your homeWhat's special
Spacious fully fenced backyardLarge corner lot
Zillow last checked:
Listing updated:
Listed by:
Alicia Dart 503-318-6716,
Soldera Properties, Inc,
Bobbi Inman 503-970-2740,
Soldera Properties, Inc
Bought with:
Kaira West, 200310027
Stellar Realty Northwest
Source: RMLS (OR),MLS#: 202360373
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Wood Stove, Fireplace(s)
Appliances
- Included: Range, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,644
- Total interior livable area: 1,644 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Features: Corner Lot, SqFt 10000 to 14999
Details
- Parcel number: 00000698
- Zoning: R-MD
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Approximately
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Ardenwald / Milwaukie
HOA
- Has HOA: No
Location
- Region: Milwaukie
Financial & listing details
- Price per square foot: $395/sqft
- Tax assessed value: $625,403
- Annual tax amount: $5,426
- Date on market: 10/30/2025
- Cumulative days on market: 38 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3545
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/29/2026 | Sold | $650,000$395/sqft |
Source:  RMLS (OR) #202360373 Report a problem | ||
| 12/11/2025 | Pending sale | $650,000$395/sqft |
Source: RMLS (OR) #202360373 Report a problem | ||
| 10/30/2025 | Listed for sale | $650,000+381.5%$395/sqft |
Source: RMLS (OR) #202360373 Report a problem | ||
| 2/14/2025 | Listing removed | $1,795$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/7/2025 | Listed for rent | $1,795$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/19/2024 | Listing removed | $1,795$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/18/2024 | Price change | $1,795-5.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/18/2024 | Listed for rent | $1,895$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/9/2000 | Sold | $135,000$82/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,426 +3.5% | $246,603 +3% |
| 2024 | $5,240 +2.9% | $239,421 +3% |
| 2023 | $5,094 +5.3% | $232,448 +3% |
| 2022 | $4,839 +3.6% | $225,678 +3% |
| 2021 | $4,670 +3.2% | $219,105 +3% |
| 2020 | $4,525 +1.5% | $212,724 +3% |
| 2019 | $4,457 +12.5% | $206,529 +3% |
| 2018 | $3,964 | $200,514 +3% |
| 2017 | $3,964 +6.5% | $194,674 +3% |
| 2016 | $3,721 | $189,004 +3% |
| 2015 | $3,721 +5% | $183,499 +3% |
| 2014 | $3,543 +8.1% | $178,154 +3% |
| 2013 | $3,278 +2.5% | $172,965 +3% |
| 2012 | $3,198 +0.9% | $167,927 +3% |
| 2011 | $3,169 +5.6% | $163,036 +3% |
| 2010 | $3,002 +1% | $158,287 +3% |
| 2009 | $2,972 +5.7% | $153,677 +3% |
| 2008 | $2,813 +2.9% | $149,201 +3% |
| 2007 | $2,733 +12.2% | $144,855 +3% |
| 2006 | $2,436 +0.6% | $140,636 +3% |
| 2005 | $2,420 +4.2% | $136,540 +3% |
| 2004 | $2,323 +2% | $132,563 +3% |
| 2003 | $2,276 +3% | $128,702 +3% |
| 2002 | $2,210 +1.8% | $124,953 +3% |
| 2001 | $2,170 +2.3% | $121,314 +3% |
| 2000 | $2,122 | $117,781 |
Find assessor info on the county website
Neighborhood: Ardenwald
Nearby homes
- $403,9002 bd1 ba2k sqft8833 SE 40th Ave, Milwaukie, OR 97222Off Market
- $533,7003 bd1 ba1.6k sqft3913 SE Roswell St, Milwaukie, OR 97222Off Market
- $575,3003 bd2 ba2.7k sqft8836 SE 40th Ave, Milwaukie, OR 97222Off Market
- $630,0004 bd3 ba1.9k sqft3845 SE Roswell St, Milwaukie, OR 97222Sold
- $472,1003 bd1 ba1.2k sqft8821 SE 40th Ave, Milwaukie, OR 97222Off Market
- $528,3002 bd2 ba1.2k sqft3916 SE Roswell St, Milwaukie, OR 97222Off Market
- $501,8003 bd2 ba1.2k sqft8828 SE 40th Ave, Milwaukie, OR 97222Off Market
- $387,5002 bd1 ba710 sqft3920 SE Roswell St, Milwaukie, OR 97222Off Market
Nearby schools
GreatSchools rating
- 6/10Ardenwald Elementary SchoolGrades: K-5Distance: 0.1 mi
- 3/10Rowe Middle SchoolGrades: 6-8Distance: 1.8 mi
- 2/10Milwaukie High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Ardenwald
- 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
$648,500
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$648,500
- Oregon
- Clackamas County
- Milwaukie
- 97222
- Ardenwald
- 8845 SE 40th Ave
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