About 4545 Se Ina Ave
Jennings Lodge in Milwaukie is an 18 unit property built in 1972 and features 12- 2Bed/1Bath apartments and 6- 1Bed/1Bath apartments. New exterior paint 2023, new roof 2017, seal coat and stripe parking lot 2023 and 10 of 18 units have had interior updates over the last 3 years. Conveniently located just a half block to public transportation and easy freeway access to Hwy 205. Fully occupied, this courtyard style plex with it's central pergola, raised beds and benches, is close to local services, grocery, dining as well as parks and the river. Jennings Lodge is fully occupied with rental rates below the current market and is priced at $167K per door. It has 18 parking spots and two handicap spaces. Each unit has it's own storage and there is on site laundry. Current rents $20,275 per month.
Features of 4545 Se Ina Ave
| MLS® # | 24095894 |
|---|---|
| Price | $2,999,900 |
| Units | 18 |
| Square Footage | 16,014 |
| Acres | 0.54 |
| Year Built | 1972 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 4545 Se Ina Ave |
|---|---|
| Area | 145 - Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada |
| City | Milwaukie |
| County | Clackamas |
| State | OR |
| Zip Code | 97267 |
Interior
| Heating | Ceiling |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Basement | Crawl Space |
Exterior
| Exterior | Lap Siding, Stucco |
|---|---|
| Lot Description | Level, Public Road |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Jennings Lodge |
|---|---|
| Middle | Gardiner |
| High | Oregon City |
Additional Information
| Date Listed | March 21st, 2024 |
|---|---|
| Days on Market | 38 |
| Zoning | MR1 |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 4.73 |
Unit 1 Details
| Beds | 1 |
|---|---|
| Baths | 1 |
| Rent | $1,000 |
| Features | Dishwasher, Range, Refrigerator |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1 |
| Rent | $1,095 |
| Features | Dishwasher, Range, Refrigerator |
Unit 3 Details
| Beds | 2 |
|---|---|
| Baths | 1 |
| Rent | $1,090 |
| Features | Dishwasher, Range, Refrigerator |
Unit 4 Details
| Beds | 2 |
|---|---|
| Baths | 1 |
| Rent | $1,100 |
| Features | Dishwasher, Range, Refrigerator |
Unit 5 Details
| Beds | 2 |
|---|---|
| Baths | 1 |
| Rent | $1,200 |
| Features | Dishwasher, Range, Refrigerator |
Unit 6 Details
| Beds | 2 |
|---|---|
| Baths | 1 |
| Rent | $1,300 |
| Features | Dishwasher, Range, Refrigerator |
Listing Details
| Office | John L. Scott Portland Central |
|---|---|
| Contact Info | neportland@johnlscott.com |