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Active

$525,000

14124 SE MILL ST, Portland, OR, 97233

Description

Bedroom

3 Rooms

Bathroom

2 Baths

Square Foot

2200 Ft

Lot Size

0.22 Acres

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.

Location

Contact Agent

Portland Expert Agent

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Additional Listing Details:

38 days on HouseJet

Last Refresh: 06/25/2025 05:00:04 PM UTC

MLS #: 778131711

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