Linden Lane Apartments 13500 SE Linden Ln 15 Unit Apartment Building $2,100,000 ($140,000/Unit) 5.46% Cap Rate Milwaukie, OR 97222

» Infill Portland-metro location: 15-unit multifamily community
built in 1969, tucked into Milwaukie’s Oak Grove neighborhood
just south of Portland along the Willamette River offering a quiet
residential setting with quick access to the greater Portland urban
core.
» Affluent renter demographics: Milwaukie’s median household
income is about $82,400 and has grown roughly 4-5% year-overyear,
with ~9,500 households and nearly 4,000 renter-occupied
units supporting durable apartment demand and the ability to
push rents over time.
» Excellent transit connectivity: Residents benefit from nearby
MAX Orange Line service at Milwaukie/Main St and SE Park
Ave, providing frequent (every ~15 minutes) light-rail access to
Portland City Center, PSU, SE Portland, and the broader MAX
system making the property highly attractive to car-light and
commuting tenants.
» Diverse employment base: The asset draws from Milwaukie’s
local employers such as Exceed Enterprises, Marquis Companies,
BenefitHelp Solutions, Dave’s Killer Bread, and others as well
as the broader Portland region’s major job drivers in healthcare,
tech, and apparel including Providence, Intel, OHSU, Nike, Legacy
Health, and Kaiser.
» Lifestyle & recreation appeal: Close to downtown Milwaukie,
Milwaukie Bay Park, and Willamette River waterfront trails,
residents enjoy easy access to parks, paths, and local restaurants/
retail positioning the property as a more affordable, small-scale
alternative to core Portland with strong quality-of-life amenities.
» Stable, supply-constrained submarket: Milwaukie is a builtout
city of just over 21,000 residents with modest but steady
population growth and increasing household incomes, supporting
long-term rent growth while replacement costs for comparable
new product remain significantly above existing 1960s vintage
assets like this 15-unit community.