13455 SE Oatfield Rd

Milwaukie, OR 97222

$4,850,000
Price
—
Beds
—
Baths
27,650 Sq. Ft.
$175 / Sq. Ft.
27,650
Sq. Ft.
$175
per Sq. Ft.
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Description

Driftwood Terrace Apartments is a 33-unit multifamily community located in the desirable Oak Grove / Milwaukie Heights area of Clackamas County. Constructed in 1965, the property features a low-density garden-style courtyard setting with mature landscaping and attractive grounds. The property offers a diverse unit mix consisting of studio, one-bedroom, two-bedroom, and three-bedroom apartment homes, with the majority of units comprised of spacious two-bedroom and three-bedroom floor plans. The property...Driftwood Terrace Apartments is a 33-unit multifamily community located in the desirable Oak Grove / Milwaukie Heights area of Clackamas County. Constructed in 1965, the property features a low-density garden-style courtyard setting with mature landscaping and attractive grounds. The property offers a diverse unit mix consisting of studio, one-bedroom, two-bedroom, and three-bedroom apartment homes, with the majority of units comprised of spacious two-bedroom and three-bedroom floor plans. The property has benefited from significant capital investment during current ownership, including replacement of all roofs between 2016-2018, extensive deck reconstruction, stair and landing replacement, fencing improvements, and ongoing interior renovations. Ownership estimates that approximately 50% of the units have received varying levels of interior updates, creating an attractive balance between operational stability and future value-add potential through continued renovation and leasing of long-term residents upon turnover. Driftwood Terrace continues to benefit from strong occupancy and a stable long-term tenant base. Numerous residents have occupied the property for many years and remain below current market rents, providing investors with a clear path to future rental growth through annual rent increases and natural turnover. Located just minutes from the MAX Orange Line, Highway 99E, Downtown Milwaukie, and Downtown Portland, Driftwood Terrace offers investors the opportunity to acquire a well-maintained Clackamas County apartment community with durable physical improvements, strong transportation connectivity, and long-term rental upside.
  1. Listed by Phillip Barry • Barry Investment Real Estate

Property Details for 13455 Southeast Oatfield Road

Parking Features
Off Street
Zoning
MR1
LISTING UPDATED: 06/22/2026 04:06 PM

Property Details for 13455 Southeast Oatfield Road

StatusActive
MLS #660527886
Days on Market8
Taxes$40,412 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1965
Lot Size2.10 AC / 91,476 SF
CountyClackamas County
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Location

Listing Courtesy of Barry Investment Real Estate
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Building Information for 13455 Southeast Oatfield Road

Stories2Residences33Year Built1965Building Size-Lot Size2.10 AC / 91,476 SF

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$27,536 per month

30 year fixed, 6.36% Interest

Principal and Interest

$24,168

Property Taxes

$3,368

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 13455 Southeast Oatfield Road

Summary
Location and General Information
  • Country: US
  • Directions: SE Oatfield/SE Holly - refer to Google maps.
  • Road Surface: Paved
School Information
  • Elementary School: Oak Grove
  • High School: Putnam
  • Middle Or Junior School: Rowe
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $40,412.10
  • Parcel Number: 00171192
  • Tax Legal Description: SECTION 01 TOWNSHIP 2S RANGE 1E QUARTER CA TAX LOT 00100
Property
Lot Information
  • Acres: 2.1
  • Lot Description: Level
  • Lot Size Square Feet: 91476.0
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1965
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds
Interior and Exterior Features
Exterior Features
  • Exterior Description: Spray Foam Insulation
  • Roof Type: Flat
Interior Features
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 33
  • Gross Income Actual: $560,405.00
  • Gross Income Projected: $587,549.00
  • Gross Rent Multiplier: $8.65
  • Investor Information: According To Owner, Annual Property Operation Data, Rent Records
  • Net Income Actual: $316,359.00
  • Net Income Projected: 343503
  • Operating Expenses Projected: $244,046.00
  • Operating Expense: $244,046.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 27650
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 0
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator
  • Unit Type 1 Rent: $1,095
  • Unit Type 1 SqFt: 249.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator
  • Unit Type 2 Rent: $1,287
  • Unit Type 2 SqFt: 650.0
  • Unit Type 2 Units Total: 10
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Dishwasher, Range, Refrigerator
  • Unit Type 3 Rent: $1,392
  • Unit Type 3 SqFt: 800.0
  • Unit Type 3 Units Total: 18
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 3
  • Unit Type 4 Features: Dishwasher, Range, Refrigerator
  • Unit Type 4 Rent: $1,683
  • Unit Type 4 SqFt: 950
  • Unit Type 4 UnitsTotal: 4

Property History for 13455 Southeast Oatfield Road

DateEvent & SourcePriceAppreciation
Oct 6, 2014

Sold (Public Record)

Public Record #450331752

$2,350,000

+1.4% / yr

Oct 10, 2006

Sold (Public Record)

Public Record #203377891

$2,100,000

+244585766.5% / yr

Aug 10, 2006

Sold (Public Record)

Public Record #200185396

$180,000

-74.3% / yr

DateEvent & SourcePrice
10/06/2014

Sold (Public Record)

Public Record #450331752

$2,350,000

+1.4% / yr

10/10/2006

Sold (Public Record)

Public Record #203377891

$2,100,000

+244585766.5% / yr

08/10/2006

Sold (Public Record)

Public Record #200185396

$180,000

-74.3% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 13455 Southeast Oatfield Road

Taxable ValueLand-Additions-Total-
Tax Record2025$40,412 ($3,368 / month)
Home Facts
Lot Size91,476 SqFtStyleMulti-Family Dwelling (2-4)Year Built1965ZoningMR1CountyCLACKAMASAPN21E01CA00100

Schools near 13455 Southeast Oatfield Road

This home is within North Clackamas School District 12.
Rating
School
Type
Grades
Distance
Oak Grove Elementary School
Public - K to 5
Alder Creek Middle School
Public - 6 to 8
Putnam High School
Public - 9 to 12
New Urban High School
Public - 9 to 12
Rating
School
Distance
Oak Grove Elementary School
PublicK to 5

Alder Creek Middle School
Public6 to 8

Putnam High School
Public9 to 12

New Urban High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 13455 Southeast Oatfield Road, Milwaukie, OR 97222

13455 Southeast Oatfield Road is a multi-family home for sale in Milwaukie, OR 97222. This property was listed for sale on June 22, 2026 by Barry Investment Real Estate, it's currently listed at $4,850,000. It has been on the market for a total of 8 days and was last sold on October 6, 2014. This listing's school district is North Clackamas School District 12. Nearby schools include Oak Grove Elementary School, Alder Creek Middle School and Putnam High School. 13455 Southeast Oatfield Road is a 0-bed, 0-bath, 27,650 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Barry Investment Real Estate

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 06/22/2026 04:06 PM