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34221467
34221468

10423 SE 23RD AVE, MILWAUKIE, OR 97222-7516

GW
OR 940700095
Premiere Property Group, LLC
Listed by Premiere Property Group, LLC
$885,000
5 days on market
Updated 3 days ago

Office Building on over 1/3 Acre Lot

Details
APN 11E25CC01900
Property Type Office
Sub Type Traditional Office, Creative Office
Square Footage 3,192
Units 1
Cap Rate 5.17%
NOI $45,762
Price per SqFt $277
Year Built 1949
Buildings 1
Lot Size (SqFt) 16,117
Zoning R-MD
Parking Spaces 7 spaces
Parking per 1,000 SqFt 2.19

Office | 5.17% CAP | 3,192 SqFt

Marketing description

Beautiful 3,200 sq. ft. office building, 6 offices, 2 meeting rooms plus large bonus common area great room for cubicles. Full kitchen and eating nook on main floor. Full bathroom on main, ½ bath on lower lever level. Zoned commercial on 1/3 treed, landscaped acre within short walking distance to downtown Milwaukie, Oregon. New roof (2022), New Gutters (2026). Host events in the landscaped backyard, fenced with a Large Gazebo and Storage Shed. Off street parking for 7 cars. Potential for Buyer to move into the upstairs (main house) area and rent the downstairs area for extra income. Ideal office space for Doctors, Dentists, Lawyers, Insurance Agents, Manufacturing Reps., service company, consulting firm, headquarters office, and so much more.

Investment highlights

  • 6 Offices
  • 2 Meeting Rooms
  • Large Common Area for Cubicles or other uses
  • Walking Distance to Downtown Milwaukie, OR
  • Room to Host Events in the Landscaped Area that includes a Gazebo behind the Building
  • Off Street Parking for 7 Cars

Listing Contacts

GW
OR 940700095
Premiere Property Group, LLC
Listed by Premiere Property Group, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$45,762.00
$3,813.50/mo

Valuation Metrics

0
DSCR
5.17%
Cap Rate
5.17%
ROI

Map

Zoning

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R-MD ResidentialMulti FamilyModerate Density Residential Zones
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View all 17 uses
View all 17 uses
Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Kendel White
License
201236006
Brokerage
Premiere Property Group, LLC
Brokerage Phone
503-380-8284
Title
Broker of Record
Brokerage Address
10135 SE Sunnyside Rd., Suite #150
Name
Greg Whistler
License
940700095
Brokerage
Premiere Property Group, LLC
Brokerage Phone
503-670-9000
Title
Commercial Managing Principal Broker
Brokerage Address
10135 Southeast Sunnyside Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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