Real Estate Investment Properties for Sale in Milwaukie, OR

Looking for investment property in Milwaukie, OR with high ROI ?

Explore a variety of short-term homes & houses in Milwaukie, OR. Invest wisely with VRBO & Milwaukie, OR Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Milwaukie, OR

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5124 SE APPENINE Way Milwaukie, OR Step into a lifestyle of ease in this nicely maintained 3-bedroom, 2-bathroom ranch. Perfe...	3 beds \| 2 baths \| 1,263 sq.ft.	$525,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 3.16% Airbnb Rental Income: $1468 Traditional Rental Income: $2635 Airbnb ROI: -0.1% Traditional ROI: 3.16%
14730 SE LUELLA Ln Milwaukie, OR Step into this beautifully updated single-level home, perfectly blending comfort and moder...	3 beds \| 2 baths \| 1,568 sq.ft.	$539,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 3.58% Airbnb Rental Income: $1675 Traditional Rental Income: $2864 Airbnb ROI: 0.29% Traditional ROI: 3.58%
12313 SE OATFIELD Rd Milwaukie, OR Fantastic home on almost 1/2 acre with excellent layout and spacious gated drive! Within m...	3 beds \| 3 baths \| 3,572 sq.ft.	$710,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 1.02% Airbnb Rental Income: $1494 Traditional Rental Income: $2093 Airbnb ROI: -0.55% Traditional ROI: 1.02%
0 SE Cedar Ave Milwaukie, OR 0 SE Cedar Ave, Oak Grove, OR 97267 \| Other	N/A beds \| N/A baths \| N/A	$127,500	Airbnb cash on cash: 2.08% Traditional cash on cash: 4.99% Airbnb Rental Income: $933 Traditional Rental Income: $945 Airbnb ROI: 2.08% Traditional ROI: 4.99%
4103 SE Olsen St #3 Milwaukie, OR 4103 SE Olsen St #3, Milwaukie, OR 97222 \| Condo/Coop	2 beds \| 1 baths \| 816 sq.ft.	$315,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 4.36% Airbnb Rental Income: $1461 Traditional Rental Income: $2109 Airbnb ROI: 0.88% Traditional ROI: 4.36%
7802 SE Sporri Ln #21 Milwaukie, OR 7802 SE Sporri Ln #21, Clackamas OR, OR 97267 \| Condo/Coop	3 beds \| 2 baths \| 1,503 sq.ft.	$430,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 3.18% Airbnb Rental Income: $1675 Traditional Rental Income: $2436 Airbnb ROI: 0.13% Traditional ROI: 3.18%
0 SE Jennings Ave Milwaukie, OR 0 SE Jennings Ave, Gladstone, OR 97267 \| Other	N/A beds \| N/A baths \| 2,780 sq.ft.	$100,000	Airbnb cash on cash: 3.05% Traditional cash on cash: 8.23% Airbnb Rental Income: $922 Traditional Rental Income: $1083 Airbnb ROI: 3.05% Traditional ROI: 8.23%
Columbia Plan Milwaukie, OR	3 beds \| 2 baths \| 1,561 sq.ft.	$699,900	Airbnb cash on cash: -0.58% Traditional cash on cash: 1.46% Airbnb Rental Income: $1675 Traditional Rental Income: $2541 Airbnb ROI: -0.58% Traditional ROI: 1.46%
Henry Plan Milwaukie, OR	3 beds \| 2 baths \| 2,197 sq.ft.	$749,900	Airbnb cash on cash: -0.67% Traditional cash on cash: 1.75% Airbnb Rental Income: $1675 Traditional Rental Income: $2899 Airbnb ROI: -0.67% Traditional ROI: 1.75%
Mercer Plan Milwaukie, OR	4 beds \| 2 baths \| 2,378 sq.ft.	$779,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.89% Airbnb Rental Income: $null Traditional Rental Income: $3107 Airbnb ROI: N/A Traditional ROI: 1.89%
Pearl Plan Milwaukie, OR	5 beds \| 3 baths \| 2,592 sq.ft.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.31% Airbnb Rental Income: $null Traditional Rental Income: $3486 Airbnb ROI: N/A Traditional ROI: 2.31%
9833 SE 17TH Ave Milwaukie, OR Exceptional 2.51-acre shovel-ready development opportunity approved for a 41-unit cottage ...	3 beds \| 2 baths \| 2,667 sq.ft.	$1,995,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 0.57% Airbnb Rental Income: $1943 Traditional Rental Income: $3494 Airbnb ROI: -0.54% Traditional ROI: 0.57%
5041 SE King Rd Milwaukie, OR Rare pre-construction triplex investment opportunity in Milwaukie. This new construction p...	9 beds \| 9 baths \| 3,666 sq.ft.	$1,200,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.64% Airbnb Rental Income: $null Traditional Rental Income: $2998 Airbnb ROI: N/A Traditional ROI: 0.64%
4241 SE NORTHRIDGE Dr Milwaukie, OR Beautifully maintained two-level home in a quiet Milwaukie neighborhood. Recent 2025 updat...	2 beds \| 2 baths \| 1,700 sq.ft.	$545,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 1.58% Airbnb Rental Income: $1187 Traditional Rental Income: $1972 Airbnb ROI: -0.72% Traditional ROI: 1.58%
6500 SE MADRONA Dr Milwaukie, OR Nestled on a spacious corner lot in the heart of Milwaukie, Oregon, this charming single l...	4 beds \| 2 baths \| 1,344 sq.ft.	$435,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.53% Airbnb Rental Income: $null Traditional Rental Income: $2342 Airbnb ROI: N/A Traditional ROI: 3.53%
4501 SE CHELSEA St Milwaukie, OR Charming one-level home on a quiet private street with plenty of yard space.Step inside an...	3 beds \| 1 baths \| 1,326 sq.ft.	$425,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 2.86% Airbnb Rental Income: $1494 Traditional Rental Income: $1966 Airbnb ROI: 0.58% Traditional ROI: 2.86%
12700 SE 27TH Ave Milwaukie, OR CASH ONLY; unpermitted work performed. Buyer to correct after closing. Tucked away on a qu...	4 beds \| 2 baths \| 1,927 sq.ft.	$350,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 8.75% Airbnb Rental Income: $968 Traditional Rental Income: $3561 Airbnb ROI: -0.21% Traditional ROI: 8.75%
5041 SE King Rd #B Milwaukie, OR Pre-construction opportunity in Milwaukie! This 3 bedroom, 2 bathroom unit is part of a th...	3 beds \| 3 baths \| 1,210 sq.ft.	$415,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 3.75% Airbnb Rental Income: $2038 Traditional Rental Income: $2375 Airbnb ROI: 1.52% Traditional ROI: 3.75%
9505 SE 79TH Ave Milwaukie, OR Charming single-level cottage tucked away in a quiet Milwaukie neighborhood. This 3-bedroo...	3 beds \| 2 baths \| 1,222 sq.ft.	$505,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 2.86% Airbnb Rental Income: $1675 Traditional Rental Income: $2212 Airbnb ROI: 0.73% Traditional ROI: 2.86%
14617 SE THORNAPPLE Ln Milwaukie, OR Well maintained dream home in one of Milwaukie's most sought-after neighborhoods! Tucked a...	4 beds \| 3 baths \| 2,769 sq.ft.	$659,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.36% Airbnb Rental Income: $null Traditional Rental Income: $3371 Airbnb ROI: N/A Traditional ROI: 3.36%
13945 SE PIPER CUB Way Milwaukie, OR Last home available in the beautiful Fawn Meadows subdivision! Homes built by local builde...	3 beds \| 3 baths \| 1,816 sq.ft.	$629,960	Airbnb cash on cash: -0.32% Traditional cash on cash: 3.66% Airbnb Rental Income: $1494 Traditional Rental Income: $3401 Airbnb ROI: -0.32% Traditional ROI: 3.66%
14641 SE THORNAPPLE Ln Milwaukie, OR Welcome to Greenbrier - A Hidden Gem in Clackamas!Nestled in the serene and sought-after G...	5 beds \| 3 baths \| 3,063 sq.ft.	$749,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.03% Airbnb Rental Income: $null Traditional Rental Income: $3511 Airbnb ROI: N/A Traditional ROI: 3.03%
6305 SE CHLOE ROSE Way Milwaukie, OR Introducing Chloe Creek Estates, a community of high-quality attached residences. Each res...	3 beds \| 3 baths \| 1,528 sq.ft.	$499,900	Airbnb cash on cash: 0.1% Traditional cash on cash: 3.81% Airbnb Rental Income: $1494 Traditional Rental Income: $2793 Airbnb ROI: 0.1% Traditional ROI: 3.81%
4954 SE WILLOW St Milwaukie, OR Nestled in the heart of Milwaukie, this charming home blends warmth, character, and opport...	4 beds \| 3 baths \| 2,496 sq.ft.	$520,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.63% Airbnb Rental Income: $null Traditional Rental Income: $3391 Airbnb ROI: N/A Traditional ROI: 4.63%
9545 SE 42ND Ave Milwaukie, OR Opportunity awaits in Ardenwald! Set on a generous quarter-acre lot, this 2-bedroom home i...	2 beds \| 1 baths \| 1,824 sq.ft.	$369,900	Airbnb cash on cash: 0.74% Traditional cash on cash: 4.58% Airbnb Rental Income: $1461 Traditional Rental Income: $2360 Airbnb ROI: 0.74% Traditional ROI: 4.58%
1400 SE LAVA Dr #8 Milwaukie, OR Beautifully renovated Shoreside East THIRD FLOOR mid-century one level condo. Light-filled...	2 beds \| 2 baths \| 1,204 sq.ft.	$379,000	Airbnb cash on cash: -1.8% Traditional cash on cash: 4.07% Airbnb Rental Income: $1195 Traditional Rental Income: $2894 Airbnb ROI: -1.8% Traditional ROI: 4.07%
10505 SE 36TH Ave Milwaukie, OR Highly Motivated Sellers!! This thoughtfully updated 5-bedroom, 2-bath home sits on a spac...	5 beds \| 2 baths \| 2,572 sq.ft.	$669,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.92% Airbnb Rental Income: $null Traditional Rental Income: $3580 Airbnb ROI: N/A Traditional ROI: 3.92%
5139 SE Aldona Ct Milwaukie, OR Built by a multi-year Street of Dreams builder and Builder of the Year award winner by the...	24 beds \| 24 baths \| 11,892 sq.ft.	$3,799,900	Airbnb cash on cash: -0.99% Traditional cash on cash: 0.05% Airbnb Rental Income: $4440 Traditional Rental Income: $7180 Airbnb ROI: -0.99% Traditional ROI: 0.05%
5141 SE Aldona Ct Milwaukie, OR Built by a multi-year Street of Dreams builder and Builder of the Year award winner by the...	6 beds \| 6 baths \| 43,077 sq.ft.	$13,774,900	Airbnb cash on cash: -1.7% Traditional cash on cash: -1.34% Airbnb Rental Income: $4440 Traditional Rental Income: $8079 Airbnb ROI: -1.7% Traditional ROI: -1.34%
12344 SE 20TH Ave Milwaukie, OR Located along the Willamette River sits the peaceful Milwaukie neighborhood of Island Stat...	4 beds \| 3 baths \| 2,239 sq.ft.	$650,000	Airbnb cash on cash: -1.48% Traditional cash on cash: 3.42% Airbnb Rental Income: $968 Traditional Rental Income: $3585 Airbnb ROI: -1.48% Traditional ROI: 3.42%
8011 SE Sporri Ln #34 Milwaukie, OR Well maintained Condo. Original Owners have updated and upgraded this home for the next po...	3 beds \| 2 baths \| 1,509 sq.ft.	$415,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 4.48% Airbnb Rental Income: $1675 Traditional Rental Income: $2924 Airbnb ROI: 0.07% Traditional ROI: 4.48%
5420 SE ALDERCREST Rd Milwaukie, OR Marvelous Milwaukie split level home, move in ready. This inviting 3 bedroom residence fea...	3 beds \| 3 baths \| 1,768 sq.ft.	$549,900	Airbnb cash on cash: -0.06% Traditional cash on cash: 3.74% Airbnb Rental Income: $1494 Traditional Rental Income: $3013 Airbnb ROI: -0.06% Traditional ROI: 3.74%
3337 SE HARRISON St Milwaukie, OR Corner lot bungalow with hardwood floors and solar panels in Milwaukie. Light-filled livin...	2 beds \| 1 baths \| 1,044 sq.ft.	$405,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 4.32% Airbnb Rental Income: $1461 Traditional Rental Income: $2419 Airbnb ROI: 0.66% Traditional ROI: 4.32%
5447 SE KING Rd Milwaukie, OR Set back over 200 feet from King road on a long private driveway so you can live like roya...	5 beds \| 3 baths \| 2,408 sq.ft.	$729,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.5% Airbnb Rental Income: $null Traditional Rental Income: $4001 Airbnb ROI: N/A Traditional ROI: 3.5%
15822 SE ALPENGLADE Ct Milwaukie, OR Tucked into a quiet cul-de-sac in one of the area's most beloved, established neighborhood...	3 beds \| 2 baths \| 1,468 sq.ft.	$584,900	Airbnb cash on cash: 0.3% Traditional cash on cash: 3.08% Airbnb Rental Income: $1675 Traditional Rental Income: $2725 Airbnb ROI: 0.3% Traditional ROI: 3.08%
10606 SE MAIN St #204 Milwaukie, OR Experience the best of downtown Milwaukie, where convenience and community come together r...	2 beds \| 2 baths \| 958 sq.ft.	$350,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 5.7% Airbnb Rental Income: $1195 Traditional Rental Income: $2699 Airbnb ROI: -0.06% Traditional ROI: 5.7%
13716 SE Linden Ln #1 Milwaukie, OR Immaculate ONE LEVEL Ranch Style Condo perfectly tucked away on a long driveway just minut...	3 beds \| 2 baths \| 1,090 sq.ft.	$329,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 4.84% Airbnb Rental Income: $1523 Traditional Rental Income: $2574 Airbnb ROI: 0.01% Traditional ROI: 4.84%
8313 SE JENNINGS Ave Milwaukie, OR One-level living on a rare quarter-acre lot, many updates, huge fully fenced yard, and mov...	3 beds \| 3 baths \| 1,661 sq.ft.	$524,900	Airbnb cash on cash: 0.33% Traditional cash on cash: 4.08% Airbnb Rental Income: $1675 Traditional Rental Income: $3049 Airbnb ROI: 0.33% Traditional ROI: 4.08%
10670 SE 36TH Ave Milwaukie, OR Charming, well-maintained home tucked into a quiet and quaint Milwaukie neighborhood! The ...	3 beds \| 1 baths \| 1,992 sq.ft.	$480,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 4.06% Airbnb Rental Income: $1943 Traditional Rental Income: $2753 Airbnb ROI: 1.11% Traditional ROI: 4.06%

Real Estate investment in Milwaukie, OR

There are 41 properties for sale in the city of Milwaukie . The median list price in Milwaukie is $522,900 and the average price per square foot is $233. In April 2026, the average monthly cash on cash return in Milwaukie is 4.00%. The average monthly rental income in Milwaukie is $2,846.

Milwaukie, OR Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 41 investment properties available for sale in Milwaukie.

In 2026, the best neighborhood to buy investment property is Lewelling.

The ROI for Short-Term is higher than the Long-Term in Milwaukie with average rental income of $1,494.

Your search for investment property begins and ends here

Investment Property for Sale in Milwaukie, OR

5124 SE APPENINE Way

Milwaukie, OR

3 beds | 2 baths | 1,263 sq.ft.

$525,000

Airbnb cash on cash: -0.1%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $1468

Traditional Rental Income: $2635

Airbnb ROI: -0.1%

Traditional ROI: 3.16%

14730 SE LUELLA Ln

Milwaukie, OR

3 beds | 2 baths | 1,568 sq.ft.

$539,000

Airbnb cash on cash: 0.29%

Traditional cash on cash: 3.58%

Airbnb Rental Income: $1675

Traditional Rental Income: $2864

Airbnb ROI: 0.29%

Traditional ROI: 3.58%

12313 SE OATFIELD Rd

Milwaukie, OR

3 beds | 3 baths | 3,572 sq.ft.

$710,000

Airbnb cash on cash: -0.55%

Traditional cash on cash: 1.02%

Airbnb Rental Income: $1494

Traditional Rental Income: $2093

Airbnb ROI: -0.55%

Traditional ROI: 1.02%

0 SE Cedar Ave

Milwaukie, OR

N/A beds | N/A baths | N/A

$127,500

Airbnb cash on cash: 2.08%

Traditional cash on cash: 4.99%

Airbnb Rental Income: $933

Traditional Rental Income: $945

Airbnb ROI: 2.08%

Traditional ROI: 4.99%

4103 SE Olsen St #3

Milwaukie, OR

2 beds | 1 baths | 816 sq.ft.

$315,000

Airbnb cash on cash: 0.88%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $1461

Traditional Rental Income: $2109

Airbnb ROI: 0.88%

Traditional ROI: 4.36%

7802 SE Sporri Ln #21

Milwaukie, OR

3 beds | 2 baths | 1,503 sq.ft.

$430,000

Airbnb cash on cash: 0.13%

Traditional cash on cash: 3.18%

Airbnb Rental Income: $1675

Traditional Rental Income: $2436

Airbnb ROI: 0.13%

Traditional ROI: 3.18%

0 SE Jennings Ave

Milwaukie, OR

N/A beds | N/A baths | 2,780 sq.ft.

$100,000

Airbnb cash on cash: 3.05%

Traditional cash on cash: 8.23%

Airbnb Rental Income: $922

Traditional Rental Income: $1083

Airbnb ROI: 3.05%

Traditional ROI: 8.23%

Columbia Plan

Milwaukie, OR

3 beds | 2 baths | 1,561 sq.ft.

$699,900

Airbnb cash on cash: -0.58%

Traditional cash on cash: 1.46%

Airbnb Rental Income: $1675

Traditional Rental Income: $2541

Airbnb ROI: -0.58%