1838 Southwest Mill St Terrace

Sold 3/7/25Virtual Tour

Last Sold Price

$499,900

1,680 sqft$298/sqft

1838 SW Mill St Ter, Portland, OR 97201

Description

This charming duplex presents a fantastic opportunity for an owner-occupant or a savvy investor looking for a property in one of Portland's most sought-after locations, just moments from downtown. With modern design elements like exposed beams, wood ceilings, and laminate floors, the spacious units are both stylish and functional. Each unit offers updated bathrooms, ample living space, and its own expansive deck, along with private storage in the basement. The property is nestled in the trees, providing...This charming duplex presents a fantastic opportunity for an owner-occupant or a savvy investor looking for a property in one of Portland's most sought-after locations, just moments from downtown. With modern design elements like exposed beams, wood ceilings, and laminate floors, the spacious units are both stylish and functional. Each unit offers updated bathrooms, ample living space, and its own expansive deck, along with private storage in the basement. The property is nestled in the trees, providing city and mountain views, yet remains close to all the action, including PSU, farmers markets, art museums, Providence Park, restaurants, and easy access to Highway 26. Additional outdoor space, a private driveway, and plenty of parking add to its appeal. Zoned RM2, there’s also potential for future expansion, making this a great long-term investment. Plus, it’s located in a top-rated school district, adding even more value for families. Whether you're looking for a place to call home or a prime rental property, this duplex offers the best of both worlds—private yet convenient to everything Portland has to offer.

LISTING CLOSED: 03/07/2025 12:00 AM

Listed by Whitney Parker • Redfin

Property Details for 1838 Southwest Mill St Terrace

Status

Sold

MLS #

139806142

Days on Market

Taxes

$7,868 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1890

Lot Size

County

Multnomah County

Parking Features

Driveway

Zoning

RM2

View

City, Mountain

Parking Total

4.00

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Location

Listing Courtesy of Redfin

Sold By Berkshire Hathaway HomeServices NW Real Estate

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Building Information for 1838 Southwest Mill St Terrace

Stories2Residences2Year Built1890Building Size-Lot Size-

Payment Calculator

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$3,197 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,541

Property Taxes

$656

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 1838 Southwest Mill St Terrace

Summary

Location and General Information

Country: US
Directions: SW 18th Ave. to SW Mill Street Terrace

School Information

Elementary School: Ainsworth
High School: Lincoln

Middle Or Junior School: West Sylvan

Taxes and HOA

Tax Annual Amount: $7,867.81
Parcel Number: R213501

Tax Legal Description: MARKET ST ADD, BLOCK 4, LOT 13

Virtual Tour

Video Virtual Tour 1 URL: https://my.matterport.com/show/?m=kwSAyEzaxaa&mls=1

Property

Lot Information

Lot Description: Corner Lot, Level, Private, Trees
Lot Size Range: Sq Ft3000to4999

Lot Size: 3,000 to 4,999 Sq Ft

Property and Assessments

Property Type: Multi Family
Water Description: Public Water

Property Condition: Updated Remodeled
Year Built: 1890

Utilities

Fuel Description: Electricity
Heating Description: Baseboard

Hot Water Description: Electricity
Sewer Description: Public Sewer
Rent Includes: Trash Collection, Water

Interior and Exterior Features

Exterior Features

Exterior Description: Wood Siding
Roof Type: Flat

Interior Features

Basement: Dirt Floor, Storage Space, Unfinished
Stories: 2

Multi Family

Multi-Family Information

Number Of Units Total: 2
Gross Income Actual: $42,420.00

Gross Rent Multiplier: $11.78
Net Income Actual: $29,202.00
Operating Expense: $13,218.00
Storage: Basement
Unit Type Type: Unit Type Type1, Unit Type Type2
SqFt Approximate Building Total: 1680

Unit 1 Information

Unit Type 1 Baths Total: 1
Unit Type 1 Baths Decimal: 1.00

Unit Type 1 Beds Total: 1
Unit Type 1 Features: Deck, Dishwasher, Washer Dryer, Wood Floors
Unit Type 1 Rent: $1,732
Unit Type 1 SqFt: 840.0
Unit Type 1 Units Total: 1

Unit 2 Information

Unit Type 2 Baths Total: 1
Unit Type 2 Baths Decimal: 1.00

Unit Type 2 Beds Total: 1
Unit Type 2 Features: Dishwasher, Washer Dryer, Wood Floors
Unit Type 2 Rent: $1,803
Unit Type 2 SqFt: 840.0
Unit Type 2 Units Total: 1

Schools near 1838 Southwest Mill St Terrace

This home is within Portland School District 1j.


Rating	School	Type	Grades	Distance
9/10	Ainsworth Elementary School	Public - Serves this home	K to 5	0.4 mi
6/10	West Sylvan Middle School	Public - Serves this home	6 to 8	3.3 mi
8/10	Lincoln High School	Public - Serves this home	9 to 12	0.4 mi
8/10	Metropolitan Learning Center	Public - Choice school	K to 12	0.8 mi
8/10	Emerson School	Charter - Choice school	K to 5	0.9 mi
NR	Opal School Of The Portland Children's Museum	Charter - Nearby school	K to 5	1.2 mi
NR	Urban Ed Alternative School Outside in School	Private - Nearby school	12	0.5 mi
NR	Northwest Academy	Private - Nearby school	6 to 12	0.5 mi
NR	St Marys Academy	Private - Nearby school	9 to 10	0.7 mi


Rating	School	Distance
9/10	Ainsworth Elementary School PublicK to 5 Serves this home	0.4 mi
6/10	West Sylvan Middle School Public6 to 8 Serves this home	3.3 mi
8/10	Lincoln High School Public9 to 12 Serves this home	0.4 mi
8/10	Metropolitan Learning Center PublicK to 12 Choice school	0.8 mi
8/10	Emerson School CharterK to 5 Choice school	0.9 mi
NR	Opal School Of The Portland Children's Museum CharterK to 5 Nearby school	1.2 mi
NR	Urban Ed Alternative School Outside in School Private12 Nearby school	0.5 mi
NR	Northwest Academy Private6 to 12 Nearby school	0.5 mi
NR	St Marys Academy Private9 to 10 Nearby school	0.7 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 1838 Southwest Mill St Terrace, Portland, OR 97201	$499,900	–	–	1,680	–
1838 Southwest Mill St Terrace, Unit 1840, Portland, OR 97201	$499,900	–	2	1,680	4,600
1 Southwest Mill Street Terrace, Portland, OR 97201	$470,000	–	–	–	–
1817 Southwest Cable Avenue, Portland, OR 97201	$425,000	–	–	–	–
1828 Southwest Cable Avenue, Unit 1836, Portland, OR 97201	$6,650,000	–	1	23,016	4,625
1827 Southwest Cable Avenue, Unit 1829, Portland, OR 97201	$875,000	–	6	3,886	4,856
1816 Southwest 18th Avenue, Unit 2, Portland, OR 97201	$250,000	1	1	484	–
1 # D, Unit D, Portland, OR 97201	–	–	–	–	–
1 # C, Unit C, Portland, OR 97201	–	–	–	–	–
1 # B, Unit B, Portland, OR 97201	–	–	–	–	–
1 # A, Unit A, Portland, OR 97201	–	–	–	–	–
1822 Southwest 18th Avenue, Unit 7, Portland, OR 97201	$360,000	2	2	1,051	–
1822 Southwest 18th Avenue, Unit 6, Portland, OR 97201	$365,000	2	2	980	–
1836 Southwest Cable Avenue, Portland, OR 97201	–	–	–	–	4,856
1 # J, Unit J, Portland, OR 97201	–	–	–	–	–
1 # I, Unit I, Portland, OR 97201	–	–	–	–	–

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 03/18/2025 12:13 PM

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