Date
Details
Price
Change
Source
12/20/2025
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,200,000
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Property Description
Rare pre-construction triplex investment opportunity in Milwaukie. This new construction project consists of three (3) well-designed units, each offering 3 bedrooms, 2 bathrooms, and a private garage. Built for long-term durability and low maintenance, the property is ideal for investors seeking stable cash flow and appreciation in a strong rental market. Modern layouts, efficient systems, and new construction minimize deferred maintenance and maximize tenant appeal. Excellent opportunity for buy-and-hold investors or 1031 exchange buyers. Convenient access to transit, downtown Milwaukie, schools, parks, and major commuter routes. Pricing, specifications, and timelines subject to change during construction.
Full Property Details
Full Property Details for 5041 SE King Rd
General
- Price: $1,200,000
- Status: Active
- Type: Multi-Family
- Source: RWMLS
- MLS ID: 596045290
- Updated: 12/21/2025
- Added to Site: 29 day(s) ago
Rental Information
- Rent Includes: None
Parking
- Garage: Yes
- Parking Features: Garage
Location
- County: Clackamas
- Driving Directions: SE 82nd Ave to SE King Rd
School Information
- Elementary School: Lewelling
- Middle School: Rowe
- High School: Milwaukie
Community
- Community Name: 145 - Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Mini Split
- Heating Type: Mini Split
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Basement Desc.: None
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 3,666
- Year Built: 2026
- Property Condition: Under Construction
Lot Features
- Lot Size: 5, 000 to 6, 999 SqFt
- Frontage: Paved
- Lot Features: Level
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: PARTITION PLAT 2023-009 PARCEL
- Disclosures/Reports: Exempt
- Property ID: New Construction
Listed by Keller Williams Premier Partners (360) 693-3336, Viktor Rudnitskii (503) 756-0029
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Listing agent
— 5041 SE King Rd —
Viktor Rudnitskii
Keller Williams Premier Partners
360-693-3336
viktor@idealhomesteam.com
NMLS#: 1598647
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 5041 SE King Rd
School District:North Clackamas School District 12
| Name | Grades | Distance |
|---|---|---|
Lewelling Elementary School 5325 Southeast Logus Road, Milwaukie, OR 97222 | K-5 | 0.3 mi |
Rowe Middle School 3606 Southeast Lake Road, Milwaukie, OR 97222 | 6-8 | 1.3 mi |
Milwaukie High School 2301 Southeast Willard Street, Milwaukie, OR 97222 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5041 SE King Rd
Tax History
Tax History for 5041 SE King Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,045
4%
$92,922
3%
2024
$1,975
204%
$90,216
204%
2023
$650
—
$29,666
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5041 SE King Rd
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,664Sq. Ft.
Listed by Cascade Hasson Sotheby's International Realty, Adrian Olmstead and Cascade Hasson Sotheby's International Realty, Melissa McReynolds
- Condo
- Active
- Updated 2 days ago
- 1Bed
- 1Total Bath
- 764Sq. Ft.
Listed by Windermere Heritage, Judy Adler and Windermere Heritage, Amy Adler
- Townhouse
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- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,992Sq. Ft.
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- Townhouse
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,136Sq. Ft.
Listed by Berkshire Hathaway HomeServices NW Real Estate, Jon Sanford
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 2,360Sq. Ft.
Listed by HomeSmart Realty Group, Natasha Ochs
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 1Total Bath
- 1,828Sq. Ft.
Listed by Coldwell Banker Mountain West, Jake Lucey
- Condo
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 1,216Sq. Ft.
Listed by Think Real Estate, Mercedes Kauhola
- Townhouse
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 1,260Sq. Ft.
Listed by Keller Williams Realty Portland Premiere, Friederike Svensson
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- Single Family
- Sold
- 6Beds
- 4Total Baths
- 3,788Sq. Ft.
Listed by Portland Creative Realtors, Helen Hoyt and Portland Creative Realtors, Wendy Snyder
Sold by Windermere Realty Trust, Kathryn Kreimer
Sold by Windermere Realty Trust, Kathryn Kreimer
- Commercial
- Sold
Listed by Keller Williams PDX Central, Heather Miller
Sold by Premiere Property Group, LLC, Greg Whistler
Sold by Premiere Property Group, LLC, Greg Whistler
- Single Family
- Sold
- 5Beds
- 2Total Baths
- 2,979Sq. Ft.
Listed by Kelly Right Real Estate of Portland, LLC, Zack Nolan
Sold by MORE Realty, Edward Peters
Sold by MORE Realty, Edward Peters
- Single Family
- Sold
- 5Beds
- 3Total Baths
- 3,662Sq. Ft.
Listed by Oregon First, Dianne Gregoire
Sold by Soldera Properties, Inc, Bobbi Inman
Sold by Soldera Properties, Inc, Bobbi Inman
5041 SE King Rd, Milwaukie, OR 97222 (MLS# 596045290) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 5041 SE King Rd is currently listed for $1,200,000 and was received on December 20, 2025. Want to learn more about 5041 SE King Rd? Do you have questions about finding other Multi-Family real estate for sale in Northwest Heights? You can browse all Northwest Heights real estate or contact a Coldwell Banker agent to request more information.