Listed by Keller Williams Realty Portland Premiere
$13,774,900
Robbins Place Townhome Community | 29 Units | Milwaukie, OR
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 43,077
Net Rentable (SqFt) 46,391
Units 29
Tenancy Vacant
Pro-Forma Cap Rate 5.2%
Pro-Forma NOI $716,539
Price per SqFt $320
Broker Co-Op Yes
Class A
Year Built 2026 - Under Construction
Buildings 12
Stories 2
Acreage 0.220
Zoning R10
Investment Type Value Add
Sale Condition N/A
Multifamily | 29 Units | $474,997/unit
Marketing description
Robbins Place presents a rare opportunity to acquire a newly constructed 29-unit multifamily community comprised entirely of 3BD/2.1BA residences with attached garages. Developed by a multi-year Street of Dreams builder and Home Building Association Builder of the Year award winner, the property combines a highly sought-after housing product, durable construction, and strong resident appeal. Located in Clackamas County outside Portland city limits, Robbins Place offers investors an attractive projected cap rate, stable cash flow, and long-term ownership potential.
Investment highlights
- Robbins Place is a newly constructed build to rent townhome community consisting of 29 units across 12 duplex and triplex buildings in a growing Milwaukie submarket.
- Constructed by a multi year Street of Dreams builder and 2025 Builder of the Year award winner by the Home Building Association, reflecting a high standard of design, construction quality, and market recognition.
- All homes feature three bedroom, two and a half bathroom layouts averaging ~1,485 square feet, totaling approximately 43,077 square feet across the community.
- The offering includes 87 bedrooms, 58 full bathrooms, and 29 half bathrooms, supporting strong demand for larger rental housing.
- Each residence offers private entries, attached garages, covered front porches, private patios, and fenced yard space, providing a single family style living experience.
- The community consists of 12 properties with a mix of duplex and triplex structures, improving tenant privacy while maintaining operational efficiency.
- Located just outside Portland city limits, the property benefits from typically lower Clackamas County property taxes while remaining close to employment and amenities.
- Milwaukie continues to experience strong housing demand driven by proximity to Portland, employment centers, and regional transportation access.
Listing Contacts
Listed by Keller Williams Realty Portland Premiere
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