1838 SW MILL STREET TER Portland, OR $ 550,000
1838 SW MILL STREET TER
$ 550,000
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1838 SW MILL STREET TER

Portland, OR, 97201
$ 550,000
Bedrooms2 Baths2.0 Sq 1,680

Monthly Estimate*

$ 3,655

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Multi-Family Home for sale in Portland, OR

for $550,000 with 2 bedrooms and 2 full baths. This 1,680 square foot home was built in 1890 on a lot size of 0.11.

Fantastic opportunity for an owner occupant with a FHA loan or a great investment property. Highly sought out close-in location moments to downtown Portland. PSU, Farmers markets, art museum, Providence Park, restaurants, coffee and access to highway 26. Modern design with exposed beams, wood ceilings, and wood floors. Desirable, large units are easy to rent and never vacant. Rents are $1732 + $1655. Plenty of outdoor space, and parking with its own private driveway. Each unit has its own expansive deck and huge storage space in the basement. City and mountain views, updated bathrooms and spacious units. It is the best of both worlds - private and nestled in the trees but so quick to all the action. Property is zoned RM2 so potential to expand is here if desired.

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Multi-Family Active

Price

$ 550,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 7,565

Style

Lot Size

0.11

Year Built

1890

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

23481280

Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Flat
Zoning RM2
Year Built 1890
Stories 3
Tax Year 2023
Gross Income 40644.0
County Multnomah
Net Operating Income 31344.0
Operating Expense 9300.0
Property Type MultiFamily
Rent Includes Sewer TrashCollection Water
Status Active
Directions SW 18th Ave. to SW Mill Street Terrace
High School Lincoln
City Portland
NumberOfUnitsTotal 2
MLS Area _148
Lot Size Square Feet 4791.0
Street Name MILL STREET
Listing Terms Cash Conventional FHA
Elementary School Ainsworth
Tax Annual Amount 7565.39
Middle/Junior High School West Sylvan
Property Condition Approximately
Days on Market 328
Standard Status Active
Legal Description MARKET ST ADD BLOCK 4 LOT 13
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Interior
Basement DirtFloor StorageSpace Unfinished
Storage Attached Basement
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Street Suffix TER
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway OffStreet
Lot Features CornerLot Private Secluded Trees
Water Source PublicWater
Total Parking 4.0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter Other
Building Area Total 1680.0
Lot Size Acres 0.11
Road Surface Type Paved
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Internal Only
Street Number 1 1838
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* Excluded Features
List By
Portland Proper Real Estate

Broker

maureen.m.swan@gmail.com

Email

Affordability Calculator

$4,286
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,655
Monthly Property Taxes
$630
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949242 Elementary School
1948992 Middle School
Lincoln High School High School
Pricing History
DatePricePrice ChangeDescription
3/6/2024$550,000 -8.18% Price Down
8/18/2023$599,000 -7.13% Price Down
7/7/2023$645,000 Listed Price

Map


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1838 SW MILL STREET TER, Portland, OR, 97201 is a Multi-Family Home for sale at $550,000 with 1,680 sqft and a lot size of 0.11. 1838 SW MILL STREET TER has 2 bedrooms, 2.0 baths, and was built in 1890. The property's zip code is 97201 which is in Portland, OR