About 14124 Se Mill St
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.
Features of 14124 Se Mill St
| MLS® # | 778131711 |
|---|---|
| Price | $525,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 2,200 |
| Acres | 0.22 |
| Year Built | 1956 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Daylight Ranch, Ranch |
| Status | Active |
Community Information
| Address | 14124 Se Mill St |
|---|---|
| Area | 143 - Portland Southeast |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97233 |
Amenities
| Parking Spaces | 1 |
|---|---|
| Parking | Driveway, Off Street |
| # of Garages | 1 |
| Garages | Attached |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Hardwood Floors, Laundry, Wall to Wall Carpet, Washer/Dryer |
|---|---|
| Appliances | Dishwasher, Disposal, Free-Standing Range |
| Heating | Forced Air |
| Cooling | Central Air |
| Fireplace | Yes |
| # of Fireplaces | 2 |
| Fireplaces | Wood Burning |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Exterior Entry, Finished, Separate Living Quarters/Apartment/Aux Living Unit |
Exterior
| Exterior | Cedar, Shake Siding |
|---|---|
| Exterior Features | Covered Deck, Fenced, Tool Shed, Yard |
| Lot Description | Corner Lot, Level, Private, Trees |
| Roof | Composition |
School Information
| Elementary | Lincoln Park |
|---|---|
| Middle | Ron Russell |
| High | David Douglas |
Additional Information
| Date Listed | May 17th, 2025 |
|---|---|
| Days on Market | 163 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Opt |
|---|---|
| Contact Info | 503-908-4908 |