- ADDRESS:
- 14124 SE MILL ST Portland, OR 97233
- VIDEOS:
- Virtual Tour Print this Listing
- Price:
- $525,000
- Beds:
- 3
- Baths:
- 2.0
- Ft²:
- 2200
- Acres:
- 0.22
- MLS#:
- 778131711
- Lot Size:
- 7,000 to 9,999 SqFt
- Type:
- Detachd
- County:
- Multnomah
- Style:
- 2 Stories
- Yr Built:
- 1956
- Status:
- Active
- Levels:
- 2
- Garage:
- Attached
- Heat:
- Forced Air
- Fireplace:
- Wood Burning
- Roof:
- Composition
- Accessibility:
- Caregiver Quarters, Minimal Steps, Parking
- Elem:
- Lincoln Park
- Middle:
- Ron Russell
- High:
- David Douglas
- Lot Desc:
- Corner Lot, Level, Private, Trees
- Area:
- Portland Southeast
- Exterior:
- Covered Deck, Fenced, Tool Shed, Yard
- Courtesy of:
- Opt
- Remarks:
- 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.