Calico Ridge Real Estate Search

Calico Ridge Multi-Family Properties for Sale

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Newest Calico Ridge Multi-Family Homes for Sale

$1,188,000
773732051 MLS
Desirable Corner Lot Duplex offering two distinct, well-designed homes with a double firewall and separate street frontage—ideal for an owner-occupant seeking privacy and flexibility.11450 SW Capitol Hwy (Owner’s Unit: 3 or 4bd, 2.5ba): Spacious and versatile with 9 ft ceilings, tile floors, maple cabinetry, tile bathroom counters, and two private decks, including one off the primary suite. The great room features serene tree-canopy views and granite kitchen counters. Flexible layout can function as a 4th bedroom with the addition of a wall. A second entry works well for a home office or live-work setup. Attached 2-car garage with side-entry door. Peaceful wooded outlooks create a retreat-like feel.11510 SW 61st Ave (Second Unit – 3bd, 2ba): Well-maintained residence with its own address. Features include 9 ft ceilings, tile floors, maple cabinetry, tile bathroom counters, two private decks (including one off the primary suite), and an attached 2-car garage.Thoughtfully designed and well cared for, this property offers rare flexibility—live comfortably in one home while enjoying a fully independent second residence. Tranquil wooded views and versatile layouts throughout make this a unique opportunity in SW Portland. Depending on the loan program, buyers may be able to use a portion of the rental income toward mortgage qualification; buyers to verify with their lender. Additional under-house space at 11450 provides useful storage potential. Seller is a licensed real estate broker in Oregon.

11510 SW 61ST AVE, Portland

Listing courtesy of MORE Realty.

$13,774,900
336091629 MLS
Built by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, Robbins Place is a newly constructed 29-unit multifamily community offering scale, efficiency, and long-term durability in a growing Milwaukie submarket. The development consists of twenty-nine three-bedroom, two and a half bathroom homes totaling approximately 46,391 rentable square feet, delivering 87 bedrooms, 58 full bathrooms, and 29 half bathrooms across the community. Each unit features an efficiently designed two-story layout with open-concept main level living, covered front porch, private patio, fenced yard, and attached garage. Unit sizes range from approximately 1,472 to 1,816 square feet, with an average unit size of ~1,600 square feet, supporting strong rental positioning within the three-bedroom segment of the market. One-car attached garages with additional driveway parking enhance tenant appeal and functionality. All bedrooms are located upstairs along with a full laundry room, while a main-level half bathroom adds convenience. Constructed with durability and long-term performance in mind, the community includes high-efficiency gas forced-air heating, modern insulation standards, and quality finishes throughout. Double-framed common walls with a one-inch air gap and insulation between units enhance separation and privacy. Located in Clackamas County, the property benefits from tax positioning outside Portland city limits while maintaining close proximity to Milwaukie Bay Park and the Willamette River waterfront (~1.5 mi), downtown Milwaukie shops and dining (~1.5 mi), New Seasons Market (~1.6 mi), the Milwaukie/Main Street MAX Station (~1.7 mi), and convenient access to SE McLoughlin Blvd. The combination of location, unit mix, scale, and new construction quality presents a compelling opportunity for investors seeking stabilized cash flow, portfolio expansion, or long-term hold potential in a high-demand rental corridor.

5141 SE Aldona CT, Milwaukie

Listing courtesy of Keller Williams Realty Portland Premiere.

$350,000
509463847 MLS
Classic 1925 bungalow charm meets dependable income potential in this thoughtfully maintained duplex in The Dalles. Currently configured as two units, the upper level offers a 1-bedroom plus an office or small bedroom, 1-bath residence, while the lower level provides a comfortable 1-bedroom, 1-bath unit with separate living quarters in a finished basement space. Whether you continue operating as a duplex or explore conversion to a single-family home with an attached ADU, the flexibility here is exceptional.Situated on a 5,000–6,999 sq ft lot in the Dry Hollow neighborhood, the property features territorial views, terraced landscaping, mature trees, and a charming pond that creates a peaceful outdoor setting. Driveway and on-street parking add convenience, while public water and sewer simplify ownership.Key system updates include a newer composition roof (approximately five years old) and an efficient heat pump providing both heating and cooling . The home is in solid, good condition — well cared for and functional — offering opportunity for cosmetic refinement over time without immediate major capital improvements.Financially, this is a compelling small multifamily asset. The property generates $36,000 annually in gross income with a reported net operating income of $27,220 and a 6.82% cap rate at the current price Tenants are month-to-month, allowing immediate income with flexibility for repositioning, owner occupancy, or rent optimization.Properties of this scale remain highly desirable for investors seeking manageable, two-stream income, as well as buyers looking to offset a mortgage with rental revenue. Character, versatility, and solid numbers combine here to create a property that feels approachable yet strategic — a rare balance in today’s market.

1514 E 14TH ST, The Dalles

Listing courtesy of Cascade Hasson Sotheby's International Realty.

$3,799,900
173282713 MLS
Built by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, this offering includes four newly constructed duplexes at Robbins Place, totaling eight residential units across Lots 7 through 10 on approximately 0.88 acres combined. The package delivers twelve bedrooms and eight full plus four half bathrooms, with unit sizes ranging from approximately 1,487 to 1,495 square feet. Each unit features an efficiently designed two-story layout with three bedrooms and two and a half bathrooms, open-concept main level living, a covered front porch, private patio, and fenced yard. One-car attached garages with additional driveway parking enhance tenant appeal and functionality. A half bathroom is located on the main level, while upstairs includes all bedrooms and a full laundry room for added convenience. Constructed with durability and long-term performance in mind, each duplex includes high-efficiency gas forced-air heating, modern insulation standards, and quality finishes throughout. A double-framed common wall with a one-inch air gap and insulation between units enhances separation and privacy. Located in Clackamas County, property taxes may be lower than many areas within Portland city limits. The development offers close proximity to Milwaukie Bay Park and the Willamette River waterfront (~1.5 mi), downtown Milwaukie shops and dining (~1.5 mi), New Seasons Market (~1.6 mi), the Milwaukie/Main Street MAX Station (~1.7 mi), and quick access to SE McLoughlin Blvd, supporting strong rental demand and commuter convenience. With varying exterior styles for architectural diversity and new construction reducing near-term capital expenditure risk, this eight-unit portfolio presents a compelling opportunity for investors seeking stable, low-maintenance multifamily assets in a growing Milwaukie submarket.

5139 SE Aldona CT, Milwaukie

Listing courtesy of Keller Williams Realty Portland Premiere.

$949,900
235041833 MLS
Built by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, this brand-new duplex is part of Robbins Place, a thoughtfully planned new 29-unit community in Milwaukie. Each side offers three bedrooms and two and a half bathrooms with 1,472 square feet of efficiently designed living space plus a one-car attached garage. A covered front porch welcomes you home, while the main level features an open-concept layout connecting the kitchen, dining, and living areas for easy everyday living and entertaining. A sliding door leads to a private patio and private, fenced yard off the back of the home, creating a seamless extension of the indoor space. A half bathroom is conveniently located on the main floor for guests. The attached garage includes additional storage, with driveway parking just outside for added convenience. Upstairs, you’ll find all three bedrooms, including a spacious primary suite with its own bathroom and walk-in closet, along with a full laundry room for everyday ease. Built with efficiency, high-end finishes, and durable construction in mind, the home includes a high-efficiency gas furnace, modern insulation standards, and quality materials throughout. A double-framed common wall with a one-inch air gap and insulation between units enhances separation and privacy. Located in Clackamas County, property taxes may be lower than many areas within Portland city limits. Enjoy proximity to Milwaukie Bay Park and the Willamette River waterfront (~1.5 mi), downtown Milwaukie shops and dining (~1.5 mi), New Seasons Market (~1.6 mi), the Milwaukie/Main Street MAX Station (~1.7 mi), and quick access to SE McLoughlin Blvd. With clean architectural design and a smart two-story layout, this new construction duplex offers flexibility for owner-occupants or investors seeking low-maintenance living in a growing Milwaukie location.

5137 SE Aldona CT, Milwaukie

Listing courtesy of Keller Williams Realty Portland Premiere.

$3,500,000
678823640 MLS
Welcome to 8212 N Denver Ave, an outstanding investment opportunity in the vibrant Kenton neighborhood of North Portland. Extensively remodeled since its 2018 acquisition, this well-located property offers a dynamic mix of retail and residential units with strong income potential and modern appeal.The main level features three fully leased commercial spaces, currently home to a popular restaurant, an established salon, and a local record shop. These mostly street-facing storefronts benefit from high visibility and steady foot traffic along N Denver Ave, making them ideal for retail and service-based businesses. Each commercial unit is individually metered.Upstairs, the second floor includes 11 residential units catering to modern urban lifestyles. The mix features (2) one-bedroom apartments with full bathrooms and kitchenettes, and an additional (9) thoughtfully designed micro units. These include one double-sized micro unit with an in-unit kitchenette, seven standard micro units with kitchenettes (cabinetry, shelving, sinks, mini fridges), and one streamlined unit without a kitchenette—offering an efficient, affordable housing solution.Residents enjoy shared amenities that enhance livability, including a large common kitchen and dining space, an enclosed grilling area with built-in BBQ, seating, and gas fire pit, plus a rear deck with additional seating and elevated views. Additional conveniences include a washer/dryer closet, two powder rooms, and two dedicated shower rooms, all maintained for resident comfort.A spacious, mostly open basement currently includes three secured storage units, with room for additional build-out or flexible repurposing.Located in a walkable, bike-friendly area near transit, parks, and local businesses, 8212 N Denver Ave is ideal for investors or owner-users seeking strong income, flexibility, and long-term value in one of Portland’s most desirable up-and-coming neighborhoods.

8212 N DENVER AVE, Portland

Listing courtesy of eXp Realty, LLC.

$1,689,900
722847718 MLS
Ideally located just 2.5–3 miles from the vibrant restaurants, cafés, bars, and neighborhood retail of SE Woodstock Blvd, this newly constructed four-unit portfolio offers an exceptional blend of design quality and income potential in Southeast Portland. Designed and developed by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, the asset reflects thoughtful planning, efficient layouts, and durable construction suited for long-term ownership and reduced maintenance exposure. The portfolio consists of two three-bedroom homes and two two-bedroom homes, each offering two and a half bathrooms and well-designed two-story floor plans that maximize functionality and tenant livability. Main levels feature spacious open-concept great rooms with seamless flow between living, dining, and kitchen areas, creating flexible layouts that appeal to a broad tenant base. Gourmet kitchens offer generous solid surface countertop space, stainless steel appliances, ample cabinetry, and large islands with eat bar seating, plus a convenient main-level half bath. Upper levels include primary suites with ensuite baths, dedicated hall baths for secondary bedrooms, and upstairs laundry positioned between bedrooms for practicality. Each residence includes a private fenced patio, while the rear home offers a substantially larger yard area for added outdoor flexibility and rental appeal. Energy-efficient ductless heat pump systems provide year-round comfort and efficiency. Daily conveniences line nearby SE 82nd Avenue within roughly half a mile, and Lents Park, approximately 1.1 miles away, offers expansive greenspace, walking paths, and sports facilities supporting tenant retention. Pro forma financials indicate an estimated 5.11% cap rate, positioning this asset as a balanced investment opportunity combining stable yield potential with long-term appreciation in a consistently desirable Southeast Portland corridor.

7466 SE Tolman ST, Portland

Listing courtesy of Keller Williams Realty Portland Premiere.

$1,689,900
511016795 MLS
Ideally located just 2.5–3 miles from the vibrant restaurants, cafés, bars, and neighborhood retail of SE Woodstock Blvd, this newly constructed four-unit portfolio offers an exceptional blend of design quality and income potential in Southeast Portland. Designed and developed by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, the asset reflects thoughtful planning, efficient layouts, and durable construction suited for long-term ownership and reduced maintenance exposure. The portfolio consists of two three-bedroom homes and two two-bedroom homes, each offering two and a half bathrooms and well-designed two-story floor plans that maximize functionality and tenant livability. Main levels feature spacious open-concept great rooms with seamless flow between living, dining, and kitchen areas, creating flexible layouts that appeal to a broad tenant base. Gourmet kitchens offer generous solid surface countertop space, stainless steel appliances, ample cabinetry, and large islands with eat bar seating, plus a convenient main-level half bath. Upper levels include primary suites with ensuite baths, dedicated hall baths for secondary bedrooms, and upstairs laundry positioned between bedrooms for practicality. Each residence includes a private fenced patio, while the rear home offers a substantially larger yard area for added outdoor flexibility and rental appeal. Energy-efficient ductless heat pump systems provide year-round comfort and efficiency. Daily conveniences line nearby SE 82nd Avenue within roughly half a mile, and Lents Park, approximately 1.1 miles away, offers expansive greenspace, walking paths, and sports facilities supporting tenant retention. Pro forma financials indicate an estimated 5.11% cap rate, positioning this asset as a balanced investment opportunity combining stable yield potential with long-term appreciation in a consistently desirable Southeast Portland corridor.

7448 SE Tolman ST, Portland

Listing courtesy of Keller Williams Realty Portland Premiere.

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Listing data last updated: The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: