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
9175 SE LYNN Ln Milwaukie, OR Welcome home to this beautifully refreshed split-level in the heart of Happy Valley, perfe...	4 beds \| 3 baths \| 2,025 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.86% Airbnb Rental Income: $null Traditional Rental Income: $3757 Airbnb ROI: N/A Traditional ROI: 4.86%
5808 SE HAZEL Pl Milwaukie, OR Investor alert! Very cute bungalow on a large .17 acre lot. Enter from the sweet front por...	2 beds \| 1 baths \| 1,188 sq.ft.	$340,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 4.69% Airbnb Rental Income: $956 Traditional Rental Income: $2164 Airbnb ROI: -0.18% Traditional ROI: 4.69%
19643 SE JAY St Milwaukie, OR This refreshed 4-bedroom home with a dedicated office is loaded with upgrades! Brand-new c...	4 beds \| 2 baths \| 2,894 sq.ft.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.61% Airbnb Rental Income: $null Traditional Rental Income: $3723 Airbnb ROI: N/A Traditional ROI: 3.61%
9404 SE 42ND Ave Milwaukie, OR Discover this inviting 3-bedroom, 1-bath home on a desirable corner lot just minutes from ...	3 beds \| 1 baths \| 1,288 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.75% Airbnb Rental Income: $null Traditional Rental Income: $2613 Airbnb ROI: N/A Traditional ROI: 4.75%
5866 SE LLOYD St Milwaukie, OR 5 bedroom, 2 bath, 3410 SF, 2 car garage in the heart of Milwaukie. Quiet neighborhood, co...	5 beds \| 2 baths \| 3,410 sq.ft.	$525,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.41% Airbnb Rental Income: $null Traditional Rental Income: $3889 Airbnb ROI: N/A Traditional ROI: 5.41%
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: 0.83% Traditional cash on cash: 10.56% Airbnb Rental Income: $749 Traditional Rental Income: $1628 Airbnb ROI: 0.83% Traditional ROI: 10.56%
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.	$450,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 3.13% Airbnb Rental Income: $1645 Traditional Rental Income: $2436 Airbnb ROI: 0.15% Traditional ROI: 3.13%
5778 SE MCNARY Rd Milwaukie, OR Discover a rare opportunity in Milwaukie with this beautifully situated home on a private ...	3 beds \| 2 baths \| 2,830 sq.ft.	$744,900	Airbnb cash on cash: -0.69% Traditional cash on cash: 3.12% Airbnb Rental Income: $1617 Traditional Rental Income: $3807 Airbnb ROI: -0.69% Traditional ROI: 3.12%
4134 SE WASHINGTON St Milwaukie, OR Fantastic 1950's Triplex with great rental history in convenient Milwaukie location. Close...	2 beds \| 1 baths \| 900 sq.ft.	$695,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.62% Airbnb Rental Income: $null Traditional Rental Income: $2434 Airbnb ROI: N/A Traditional ROI: 1.62%
12495 SE 23RD Ave Milwaukie, OR Home is being sold AS-IS. Seller will leave belongings in the home; personal items and fur...	5 beds \| 3 baths \| 2,520 sq.ft.	$620,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.74% Airbnb Rental Income: $null Traditional Rental Income: $3903 Airbnb ROI: N/A Traditional ROI: 4.74%
11217 SE CAUSEY Cir unit: 15E #15E Milwaukie, OR Exceptional corner townhome in the Causey Village Condominiums community with secured gate...	2 beds \| 2 baths \| 1,192 sq.ft.	$309,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 5.98% Airbnb Rental Income: $1138 Traditional Rental Income: $2798 Airbnb ROI: -1.03% Traditional ROI: 5.98%
5256 SE Winsor Ct Milwaukie, OR Tastefully Remodeled Home in Quiet, Centrally Located Neighborhood Perfect for Entertainin...	3 beds \| 2 baths \| 2,068 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.97% Airbnb Rental Income: $null Traditional Rental Income: $3234 Airbnb ROI: N/A Traditional ROI: 2.97%
0 SE Jennings Ave Milwaukie, OR 0 SE Jennings Ave, Gladstone, OR 97267 \| Other	N/A beds \| N/A baths \| 1,444 sq.ft.	$125,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 6.27% Airbnb Rental Income: $741 Traditional Rental Income: $1083 Airbnb ROI: 0.83% Traditional ROI: 6.27%
Columbia Plan Milwaukie, OR	3 beds \| 2 baths \| 1,561 sq.ft.	$730,900	Airbnb cash on cash: -0.68% Traditional cash on cash: 1.57% Airbnb Rental Income: $1645 Traditional Rental Income: $2713 Airbnb ROI: -0.68% Traditional ROI: 1.57%
Henry Plan Milwaukie, OR	3 beds \| 2 baths \| 2,197 sq.ft.	$812,900	Airbnb cash on cash: -0.8% Traditional cash on cash: 1.46% Airbnb Rental Income: $1645 Traditional Rental Income: $2899 Airbnb ROI: -0.8% Traditional ROI: 1.46%
Mercer Plan Milwaukie, OR	4 beds \| 2 baths \| 2,378 sq.ft.	$860,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.66% Airbnb Rental Income: $null Traditional Rental Income: $3213 Airbnb ROI: N/A Traditional ROI: 1.66%
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.	$2,500,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.26% Airbnb Rental Income: $null Traditional Rental Income: $3494 Airbnb ROI: N/A Traditional ROI: 0.26%
10275 SE 36TH Ave Milwaukie, OR Experience elevated modern living in this custom new-construction home Exceptional Homes b...	4 beds \| 2 baths \| 2,167 sq.ft.	$749,950	Airbnb cash on cash: N/A Traditional cash on cash: 4.06% Airbnb Rental Income: $null Traditional Rental Income: $3755 Airbnb ROI: N/A Traditional ROI: 4.06%
5041 SE King Rd unit: B #B Milwaukie, OR Pre-construction opportunity in Milwaukie! This 3 bedroom, 2 bathroom unit is part of a th...	3 beds \| 2 baths \| 1,210 sq.ft.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.92% Airbnb Rental Income: $null Traditional Rental Income: $2770 Airbnb ROI: N/A Traditional ROI: 4.92%
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%
9475 SE 40TH Ave Milwaukie, OR Sweet 3 bed, 1 bath Bungalow with attached 1-car garage. One Level Ranch with semi-fenced ...	3 beds \| 1 baths \| 1,021 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.54% Airbnb Rental Income: $null Traditional Rental Income: $2749 Airbnb ROI: N/A Traditional ROI: 5.54%
10909 SE HOME Ave Milwaukie, OR No HOA! Just completed top notch new construction townhome in desirable neighborhood! 3 be...	3 beds \| 2 baths \| 1,323 sq.ft.	$439,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 4.3% Airbnb Rental Income: $1776 Traditional Rental Income: $2738 Airbnb ROI: 0.78% Traditional ROI: 4.3%
4241 SE NORTHRIDGE Dr Milwaukie, OR Beautifully maintained two-level home in a quiet Milwaukie neighborhood. Recent 2025 updat...	2 beds \| 1 baths \| 1,700 sq.ft.	$610,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 1.31% Airbnb Rental Income: $1089 Traditional Rental Income: $1972 Airbnb ROI: -0.89% Traditional ROI: 1.31%
14123 SE UPPER ALDERCREST Dr Milwaukie, OR Recently remodeled home on a 0.52-acre lot in Milwaukie. Set back from the road and surrou...	3 beds \| 2 baths \| 1,937 sq.ft.	$615,000	Airbnb cash on cash: 0% Traditional cash on cash: 2.71% Airbnb Rental Income: $1617 Traditional Rental Income: $2713 Airbnb ROI: 0% Traditional ROI: 2.71%
7693 SE STRAWBERRY Ln Milwaukie, OR Welcome home to this cozy and comfortable sprawling Milwaukie home just in time for holida...	4 beds \| 2 baths \| 2,456 sq.ft.	$559,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.93% Airbnb Rental Income: $null Traditional Rental Income: $3213 Airbnb ROI: N/A Traditional ROI: 3.93%
14633 SE KINGSTON Ave Milwaukie, OR Incredible remodeled home on an oversized lot with multiple outdoor living areas and endle...	5 beds \| 3 baths \| 2,326 sq.ft.	$635,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.43% Airbnb Rental Income: $null Traditional Rental Income: $3352 Airbnb ROI: N/A Traditional ROI: 3.43%
12700 SE 27TH Ave Milwaukie, OR Welcome home to your beautifully revamped, turn-key 1940s bungalow. This charming home fea...	4 beds \| 2 baths \| 1,921 sq.ft.	$525,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.53% Airbnb Rental Income: $null Traditional Rental Income: $3561 Airbnb ROI: N/A Traditional ROI: 5.53%
4825 SE BROOKSIDE Dr Milwaukie, OR Discover this delightful, cozy single-level Milwaukie home, offering 992 square feet of so...	3 beds \| 2 baths \| 992 sq.ft.	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.38% Airbnb Rental Income: $null Traditional Rental Income: $2713 Airbnb ROI: N/A Traditional ROI: 4.38%
9604 SE STANLEY Ave Milwaukie, OR This soon to be renovated 2-bedroom, 2-bathroom bungalow from 1941 will undergo a thorough...	2 beds \| 2 baths \| 804 sq.ft.	$410,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.04% Airbnb Rental Income: $956 Traditional Rental Income: $1932 Airbnb ROI: -0.41% Traditional ROI: 3.04%

Real Estate investment in Milwaukie, OR

There are 66 properties for sale in the city of Milwaukie . The median list price in Milwaukie is $525,000 and the average price per square foot is $286. In January 2026, the average monthly cash on cash return in Milwaukie is 4.00%. The average monthly rental income in Milwaukie is $2,713.

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

There are 66 investment properties available for sale in Milwaukie.

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

The ROI for Long-Term is higher than the Short-Term in Milwaukie with average rental income of $2,713.

Your search for investment property begins and ends here

Investment Property for Sale in Milwaukie, OR

9175 SE LYNN Ln

Milwaukie, OR

4 beds | 3 baths | 2,025 sq.ft.

$575,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.86%

Airbnb Rental Income: $null

Traditional Rental Income: $3757

Airbnb ROI: N/A

Traditional ROI: 4.86%

5808 SE HAZEL Pl

Milwaukie, OR

2 beds | 1 baths | 1,188 sq.ft.

$340,000

Airbnb cash on cash: -0.18%

Traditional cash on cash: 4.69%

Airbnb Rental Income: $956

Traditional Rental Income: $2164

Airbnb ROI: -0.18%

Traditional ROI: 4.69%

19643 SE JAY St

Milwaukie, OR

4 beds | 2 baths | 2,894 sq.ft.

$699,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.61%

Airbnb Rental Income: $null

Traditional Rental Income: $3723

Airbnb ROI: N/A

Traditional ROI: 3.61%

9404 SE 42ND Ave

Milwaukie, OR

3 beds | 1 baths | 1,288 sq.ft.

$399,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.75%

Airbnb Rental Income: $null

Traditional Rental Income: $2613

Airbnb ROI: N/A

Traditional ROI: 4.75%

5866 SE LLOYD St

Milwaukie, OR

5 beds | 2 baths | 3,410 sq.ft.

$525,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.41%

Airbnb Rental Income: $null

Traditional Rental Income: $3889

Airbnb ROI: N/A

Traditional ROI: 5.41%

0 SE Cedar Ave

Milwaukie, OR

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

$127,500

Airbnb cash on cash: 0.83%

Traditional cash on cash: 10.56%

Airbnb Rental Income: $749

Traditional Rental Income: $1628

Airbnb ROI: 0.83%

Traditional ROI: 10.56%

7802 SE Sporri Ln #21

Milwaukie, OR

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

$450,000

Airbnb cash on cash: 0.15%

Traditional cash on cash: 3.13%

Airbnb Rental Income: $1645

Traditional Rental Income: $2436

Airbnb ROI: 0.15%

Traditional ROI: 3.13%

5778 SE MCNARY Rd

Milwaukie, OR

3 beds | 2 baths | 2,830 sq.ft.

$744,900

Airbnb cash on cash: -0.69%

Traditional cash on cash: 3.12%

Airbnb Rental Income: $1617

Traditional Rental Income: $3807

Airbnb ROI: -0.69%