1838 Southwest Mill St Terrace

1838 Southwest Mill St Terrace

Portland, OR 97201

$550,000
Price
—
Beds
1,680 Sq. Ft.
$327 / Sq. Ft.
1,680
Sq. Ft.
$327
per Sq. Ft.
a black and white photo of a building
a balcony with a view of outdoor space
a balcony with furniture and a garden
a living room with furniture a flat screen tv and a window
a view of an empty room with wooden floor and a window
a view of a hallway with wooden floor
a kitchen with a sink cabinets and window
a bedroom with a bed and a window
a bathroom with a shower
a bathroom with a sink a toilet and mirror
a view of entryway with wooden floor
a balcony with wooden floor and fence
a view of empty room with wooden floor
a view of an empty room with wooden floor and windows
an empty room with wooden floor and windows
a bathroom with a shower

Description

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...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.
  1. Listed by Maureen Swan • Portland Proper Real Estate

Property Details for 1838 Southwest Mill St Terrace

Parking Features
Driveway, Off Street
Zoning
RM2
View
City, Mountain
Parking Total
4.00

Location

Listing Courtesy of Portland Proper Real Estate
Add your commute
LISTING UPDATED: 03/06/2024 12:51 PM

Property Details for 1838 Southwest Mill St Terrace

StatusActive
MLS #23481280
Days on Market300
Taxes$7,565 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1890
Lot Size0.11 AC / 4,791 SF
CountyMultnomah County

Location

Listing Courtesy of Portland Proper Real Estate
Add your commute

Building Information for 1838 Southwest Mill St Terrace

Stories3Residences2Year Built1890Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$3,632 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$630

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1838 Southwest Mill St Terrace

Summary
Location and General Information
  • Country: US
  • Directions: SW 18th Ave. to SW Mill Street Terrace
  • Road Surface: Paved
School Information
  • Elementary School: Ainsworth
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $7,565.39
  • Parcel Number: R213501
  • Tax Legal Description: MARKET ST ADD, BLOCK 4, LOT 13
Property
Lot Information
  • Acres: 0.11
  • Lot Description: Corner Lot, Private, Secluded, Trees
  • Lot Size Square Feet: 4791.0
  • 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: Approximately
  • Year Built: 1890
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Flat
Interior Features
  • Basement: Dirt Floor, Storage Space, Unfinished
  • Foundation Details: Concrete Perimeter, Other
  • Stories: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $40,644.00
  • Gross Rent Multiplier: $13.53
  • Investor Information: According To Owner, Rent Records
  • Net Income Actual: $31,344.00
  • Operating Expense: $9,300.00
  • Storage: Attached, 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 Beds Total: 1
  • Unit Type 1 Features: Deck, Dishwasher, Washer Dryer, Wood Floors
  • Unit Type 1 Rent: $1,655
  • Unit Type 1 SqFt: 840.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Deck, Dishwasher, Washer Dryer, Wood Floors
  • Unit Type 2 Rent: $1,732
  • 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
Ainsworth Elementary School
Public - K to 5
West Sylvan Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
Metropolitan Learning Center
Public - K to 12
Rating
School
Distance
Ainsworth Elementary School
PublicK to 5

West Sylvan Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Metropolitan Learning Center
PublicK to 12

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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More information about 1838 Southwest Mill St Terrace, Portland, OR 97201

1838 Southwest Mill St Terrace is a multi-family home for sale in Portland, OR 97201. This property was listed for sale on July 7, 2023 by Portland Proper Real Estate, it's currently listed at $550,000. This listing's school district is Portland School District 1j. Nearby schools include Ainsworth Elementary School, West Sylvan Middle School and Lincoln High School. 1838 Southwest Mill St Terrace is a 0-bed, 0-bath, 1,680 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Portland Proper Real Estate

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 © 2024 RMLS, Portland, Oregon. Last updated: 03/06/2024 12:51 PM