14124 SE MILL ST, Portland, OR 97233

  • $525,000

Overview

  • 3
    Bedrooms
  • 2
    Bathrooms
  • 1.0
    Car Garage
  • 2200 Sqft
    Property Size
  • 1956
    Year Built
  • SingleFamilyResidence, Residential
    Property Type
  • 778131711
    MLS#
  • 0.22 Acres
    Land Area
  • Opt
    Office Name
  • Drew Coleman
    Agent Name

Description

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.

Details

Updated on March 10, 2026 at 7:12 am
  • MLS# 778131711
  • Price $525,000
  • Property Size 2200 Sqft
  • Land Area 0.22 Acres
  • Bedrooms 3
  • Bathrooms 2
  • Car Garage 1.0
  • Garage Size x x
  • Year Built 1956
  • Property Type SingleFamilyResidence, Residential
  • Property Status Active
  • Office Name Opt
  • Agent Name Drew Coleman
  • Office Phone 503-908-4908

Additional details

  • Listing Terms Cash, Conventional, FHA, VALoan
  • Roof Composition
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Forced Air
  • County Multnomah
  • Property Type Residential
  • Parking Driveway, Off Street
  • Elementary School Lincoln Park
  • Middle School Ron Russell
  • High School David Douglas
  • Architectural Style Daylight Ranch, Ranch

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