OFF MARKET

Off Market Jun 2024 for $847K

$915,653

Est. refi paymentEst. refi $5,312/mo

•

4 ba

•

3,224

sq ft

12502 SE Shell Ln, Portland, OR 97222

About this home

Wonderful Investment Opportunity in Quiet Milwaukie Location! Remodeled 4-plex on a dead-end street next to Rowe Middle School. Easy access to HWY 224 & all that Downtown Milwaukie has to offer plus the MAX line. 2 separate 1 level buildings! Each unit features 2 bedrooms. Recent updates include new electrical panels, siding, & roofs. Carport parking for each unit. Solid rental history w/some long-term tenants. HES = 6. Great rental property in CLACKAMAS COUNTY!!

Multi-familyProperty Type

1964Year Built

0.27 acresLot Size

$284Est. Price/Sq.Ft.

8 spacesParking

Listed by Jon Sanford • Berkshire Hathaway HomeServices NW Real Estate

Bought with Joe Kennedy • Windermere Realty Trust

Redfin checked: 3 minutes ago

•Source:RMLS #24414035

Redfin Estimate

$915,653

$69K since sold in June 2024$8,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 32.7% higher than the average sale price ($690K) of 6 comparable homes.

SOLD JUL 23, 2026
$729,000
A
3 beds3 baths2,962 sq ft
3444 SE Aldercrest Rd, Portland, OR 97222
SOLD MAY 28, 2026
$619,000
B
3 beds3 baths2,732 sq ft
3565 SE Nase Ct, Portland, OR 97222
SOLD AUG 17, 2026
$565,000
C
4 beds3 baths2,721 sq ft
3743 SE Hager Ln, Portland, OR 97267
SOLD JUN 24, 2026
$599,000
D
4 beds2 baths2,968 sq ft
12657 SE 25th Ave, Portland, OR 97222
SOLD JUL 17, 2026
$900,000
E
5 beds3 baths2,847 sq ft
4000 SE Aldercrest Rd, Portland, OR 97222
SOLD NOV 24, 2025
$729,000
F
3 beds4 baths3,655 sq ft
12632 SE 39th Ct, Portland, OR 97222

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Earn from this home

Sell

$210,010

Est. take-home

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Refinance

Est. cash available

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Market trends in 97222, OR

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.6%

0.4% MoM

Median sale price

$503K

$12K MoM

Avg. days on market

10d

0 days MoM

Recently sold homes

4 MoM

New listings for sale

REDFIN OPEN SAT, 12PM TO 2PM
$144,000
3 beds2 baths1,296 sq ft
7455 SE King Rd #58, Portland, OR 97222
Redfin
$449,900
3 beds1 bath2,154 sq ft
4136 SE Monroe St, Portland, OR 97222
Matthew Andrews • MORE Realty
FOR SALE BY OWNER
$800,000
5 beds3 baths3,305 sq ft
11478 SE 32nd Ave, Milwaukie, OR 97222
COMING SOON
$499,900
3 beds2 baths1,680 sq ft
11896 SE Kehrli Dr, Portland, OR 97222
Sarah Logue • Best Choice Realty
$429,900
2 beds1 bath1,248 sq ft
2905 SE Harrison St, Milwaukie, OR 97222
Rachel Day • Realty Works Group
$314,000
3 beds1 bath864 sq ft
9201 SE 77th Ct, Portland, OR 97206
John Bates • Realty Advantage
3D WALKTHROUGH
$645,000
3 beds4 baths2,878 sq ft
9660 SE 43rd Ave, Portland, OR 97222
Anthony Pham • Capitol Real Estate
$299,000
3 beds1 bath1,167 sq ft
11448 SE 30th Ave SE, Portland, OR 97222
Kristin Walker • Ninebark Real Estate
3D WALKTHROUGH
$685,000
4 beds3 baths2,930 sq ft
12596 SE Maplewood Ct, Portland, OR 97222
Danny Phanphackdy • Modern Realty
3D & VIDEO TOUR
$379,900
2 beds1 bath974 sq ft
7347 SE Lamphier St, Portland, OR 97222
Jordan Matin • Matin Real Estate
See all

Provided by Redfin

Sale history for 12502 SE Shell Ln

Date

Event

Price

RMLS #24414035

Jun 17, 2024

Sold

$847,000

$263/sq ft

May 25, 2024

Pending

—

May 23, 2024

Listed

$875,000

$271/sq ft

APPFOLIO #3

Apr 17, 2024

Rental Removed

$1,395

$0/sq ft

Apr 10, 2024

Listed for Rent

$1,395

$0/sq ft

APPFOLIO #2

Apr 10, 2024

Rental Removed

$1,395

$0/sq ft

Mar 13, 2024

Listed for Rent

$1,395

$0/sq ft

APPFOLIO #1

Jan 13, 2024

Rental Removed

$1,295

$0/sq ft

Dec 8, 2023

Price Changed

$1,295

$0/sq ft

Nov 9, 2023

Price Changed

$1,395

$0/sq ft

Oct 11, 2023

Listed for Rent

$1,450

$0/sq ft

Tax history for 12502 SE Shell Ln

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

0.27 Acres

Year renovated

—

Sq. Ft.

1,612

Year built

1964

Style

Single Family Residential

County

Clackamas County

APN

00034634

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 18, 2026.

RMD

Moderate Density Residential Zone

The moderate density residential zone is intended to create, maintain, and promote neighborhoods and allow a broad range of housing types. Some non-residential uses are allowed, but overall the character is one of residential neighborhoods.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Senior

Property details

Parking

Parking Information
Parking Features: Carport, Paved
Parking Total: 8

Interior

Appliances
Hot Water Description: Electricity

Interior Features
Basement: Crawl Space

Exterior

Exterior Features
Roof: Composition
Exterior Description: Cement Siding

Lot Information
Lot Size Square Feet: 11,761
Lot Size Range: 10,000 to 14,999 SqFt
Lot Size Acres: 0.27
Lot Size: 10,000 to 14,999 SqFt
Lot Features: Level
Parcel Number: 00034634
Road Surface Type: Paved

Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Updated/Remodeled
View YN: Yes
View Description: Territorial

Building Information
Year Built: 1964
Building Area Total: 3,224
Foundation Details: Concrete Perimeter

Financial

Tax Information
Tax Year: 2023
Tax Legal Description: SECTION 36 TOWNSHIP 1S RANGE 1E QUARTER DD TAX LOT 05100
Tax Annual Amount: $7,025.26

Rent Information
Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water

Lease / Rent Information
CAP Rate: 5.71
Gross Rent Multiplier: 14.02

Utilities

Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: No
Heating: Wall Heater
Cooling YN: No

Location

Multi Unit Information
# Of Units Total: 4

Unit Information
Unit Type: 1, 2, 3

Unit Type 1 Information
Actual Rent: $1,395
Area: 806
Baths Total: 1
Beds Total: 2
Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
Units Total: 1

Unit Type 2 Information
Actual Rent: $1,330
Area: 806
BathsTotal: 1
Beds Total: 2
Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
Units Total: 1

Unit Type 3 Information
Actual Rent: $1,295
Area: 806
Baths Total: 1
Beds Total: 2
Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
Units Total: 2

School Information
Elementary School: Milwaukie
Middle Or Junior School: Rowe
High School: Milwaukie

Location Information
Directions: Lake Road to Shell Lane
Unparsed Address: 12502 SE SHELL LN, Milwaukie, OR 97222

Community Information
Zoning: MD

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 1,612
Stories: —
Lot Size: 0.27 acres
Style: Single Family Residential
Year Built: 1964
Year Renovated: —
County: Clackamas County
APN: 00034634

Home facts updated by county records on Jun 18, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

Around this home

Schools

Milwaukie El Puente Elementary School

Public K-5 • Assigned • 0.8mi

6/10

Rowe Middle School

Public 6-8 • Assigned • 0.1mi

3/10

Milwaukie High School

Public 9-12 • Assigned • 0.8mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 94° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

10/10 Air Factor

18 unhealthy days expected this year, 20 days in 30 years

Provided by First Street

Historical weather

Portland, OR • 97222

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.8 hours in June and 2 hours in December, placing it below the U.S. average for solar exposure.

9.8 hrs

2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$870,000 – $1.05M

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New listings for sale in 97222

REDFIN OPEN SAT, 12PM TO 2PM3D WALKTHROUGH

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Redfin

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FOR SALE BY OWNER

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11478 SE 32nd Ave, Milwaukie, OR 97222

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$499,900

3 beds2 baths1,680 sq ft

11896 SE Kehrli Dr, Portland, OR 97222

Sarah Logue • Best Choice Realty

$429,900

2 beds1 bath1,248 sq ft

2905 SE Harrison St, Milwaukie, OR 97222

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$314,000

3 beds1 bath864 sq ft

9201 SE 77th Ct, Portland, OR 97206

John Bates • Realty Advantage

3D WALKTHROUGH

$645,000

3 beds4 baths2,878 sq ft

9660 SE 43rd Ave, Portland, OR 97222

Anthony Pham • Capitol Real Estate

$299,000

3 beds1 bath1,167 sq ft

11448 SE 30th Ave SE, Portland, OR 97222

Kristin Walker • Ninebark Real Estate

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4 beds3 baths2,930 sq ft

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Danny Phanphackdy • Modern Realty

Home values near 12502 SE Shell Ln

Data from public records.

Address	Redfin Estimate
12660 Southeast Shell Ln, Portland, OR 4 Beds \| 2 Baths \| 3000 Sq. Ft.	$569,183
12440 Southeast Shell Ln, Portland, OR 2 Beds \| 1 Baths \| 1744 Sq. Ft.	$774,729

Address	Redfin Estimate
12515 Southeast Shell Ln, Portland, OR - Beds \| - Baths \| - Sq. Ft.	$342,763
12530 Southeast Shell Ln, Portland, OR 3 Beds \| 2 Baths \| 1150 Sq. Ft.	$528,837

Address	Redfin Estimate
12472 Southeast Shell Ln, Portland, OR 4 Beds \| 2 Baths \| 1488 Sq. Ft.	$583,177
12554 Southeast Shell Ln, Portland, OR 4 Beds \| 2 Baths \| 1844 Sq. Ft.	$620,823

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 97222, OR

Sale history for 12502 SE Shell Ln

Tax history for 12502 SE Shell Ln

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 97222

Home values near 12502 SE Shell Ln

More real estate resources