14124 SE Mill St, Portland, OR 97233
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: drew coleman
Office: opt
MLS#:778131711
Source:PORTLAND
Price summary
- Price:$525,000
- Price per sq. ft.:$238.64
About this home
Turnkey Investment with High-Quality Tenant and strong Cash Flow. This is an ideal opportunity for investors seeking reliable, above-market income from day one. This well-maintained property lives like a duplex with two kitchens, two living areas, and a flexible layout including a lower-level suite with exterior access.The current long-term tenant runs an on-site licensed, state-funded childcare business. Government subsidies back the rent, offering consistent, guaranteed income. The tenant maintains the property well and is open to a long-term lease with built-in renewal options.Upgrades include a newer furnace, A/C, LVP flooring, an updated kitchen downstairs, newer appliances (fridge, dishwasher, washer/dryer), fresh interior/exterior paint, a covered deck, updated windows, a DEQ-certified oil tank decommission, and asbestos/lead paint clearance.Zoned residential and in a quiet neighborhood, this property offers strong immediate returns, minimal management, and a tenant who treats it like their own. It is perfect for investors seeking a high-performing, low-drama asset with long-term upside.
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Home facts
- Year built:1956
- Listing ID #:778131711
- Added:296 day(s) ago
- Updated:March 10, 2026 at 11:23 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Kitchen Description:Dishwasher, Disposal, Free Standing Range
- Basement Description:Exterior Entry, Finished, Separate Living Quarters/apartment/aux Living Unit
- Living area:2,200 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1956
- Building area:2,200 sq. ft.
- Lot area:0.22 Acres
- Lot Features:Corner Lot, Level, Private, Trees
- Architectural Style:Daylight Ranch, Ranch
- Exterior Features:Covered Deck, Fenced, Tool Shed, Yard
- Levels:2 Stories
Schools
- High school:David Douglas
- Middle school:Ron Russell
- Elementary school:Lincoln Park
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$525,000
- Price per sq. ft.:$238.64
- Tax amount:$5,524 (2024)
Features and amenities
- Laundry features:Washer/Dryer
- Amenities:Hardwood Floors, Laundry, Wall To Wall Carpet
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