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Listing provided courtesy of Epique RealtyMLS# 220223346MLS Provider
  • 16 days on site
  • 1 views

Rare multifamily opportunity in Hines featuring 3 recognized addresses (129, 131, & 131½ S Milwaukie Ave) with separate entrances & utility meters, for significant value-add potential. The property currently includes 2 livable units plus a 3rd unfinished unit with electrical service & plumbing in place. The unfinished unit offers an excellent opportunity for additional rental income, multigenerational living, guest quarters, or expanded living space upon completion. Situated on a large city lot, the property offers over 2,400 square feet of existing living space & flexible configuration options rarely found in today's market. While updates & improvements remain, much of the groundwork has been started, creating an opportunity for investors, contractors, or owner-occupants to build equity through completion & modernization. Whether you're looking for rental income, a value-add investment, or flexible living arrangements, this property offers possibilities that are difficult to find

Source: Oregon Datashare, MLS#: 220223346

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  • Property Type
    Residential Income
  • Lot
    0.36 acres

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  • Median Age
    45
  • Population Density
    28
  • College Educated
    30%
  • Estimated Median Income
    $62,367
  • Estimated Total Home Owners
    699
  • Estimated Total Renters
    124
  • Owner / Renter Divide
    85% / 15%
  • Estimated Average Household Size
    2
  • Total Population
    2,045
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 129 S Milwaukie Avenue #129, 131 ,131 1/2

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/26/2026Source: Oregon Datashare Price Reduction
$320,000 -5.9%
6/18/2026Source: Oregon Datashare Price Reduction
$340,000 -2.9%
6/14/2026Source: Oregon Datashare Added to Database
June 14, 2026