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About This Home

This 3-bedroom, 2-bathroom single family at 14124 SE MILL St in Portland, OR is listed for $525,000 ($239 per sqft). Built in 1956, the home offers 2,200 sqft of living space on a 0.22 acres lot.

Agent 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 co

vered 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.

Key Features

  • Built in 1956
  • 0.22 acre lot
  • 2 stories

Property Details

2 stories
2 full
1956

Amenities

A/C

Monthly Cost Estimate

$2,808/mo

20% down · 6.5% · 30 years

Principal$380
Interest$2,275
Insurance$153

Estimates only. Actual payments may vary.

Location

14124 SE MILL St

Portland, OR 97233

Features & Amenities

Interior Features

HardwoodFloorsLaundryWalltoWallCarpetWasherDryer

Exterior Features

CoveredDeckFencedToolShedYard

Property Details

Pool Features

Deck

Heating

Forced Air

Cooling

Central Air

Appliances

DishwasherDisposalFreeStandingRange

Questions & Answers

This 3-bedroom, 2-bathroom single family at 14124 SE MILL St is listed at $525,000 ($239/sqft). The estimated monthly payment is $2,275 based on 20% down at 6.5% interest.

Key features include: Built in 1956, 0.22 acre lot, 2 stories. Interior Features: HardwoodFloors, Laundry, WalltoWallCarpet. Exterior Features: CoveredDeck, Fenced, ToolShed.

This property is listed by Drew Coleman and can be reached at 5039084908 or drew@theopt.com.

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DC

Drew Coleman

Agent at Opt

(503) 908-4908

Listed by Opt

MLS# 778131711· Source: listhub· Updated 328 days ago

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

14124 SE MILL St, Portland, OR 97233

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