Turn-Key Multifamily Investment in Mill Park. A true opportunity to own a well-maintained, income-generating property in the desirable Mill Park neighborhood. Situated on a single tax lot, this offering includes a six-unit apartment building and a separate single-family home (blt 1938) providing both stability and versatility in one investment. The standalone home features three spacious bedrooms, two full bathrooms, and a partial basement. Each unit in the adjacent apartment building is a generously sized one-bedroom, thoughtfully designed with private decks, in-unit washer/dryers, and dedicated storage space, ensuring strong tenant appeal and retention. Located within close proximity to public transportation, schools, parks, restaurants, bakeries, and a Grocery Outlet, this property combines urban convenience with residential comfort. With low maintenance requirements, historically low turnover, and immediate cash flow, this is a truly turn-key investment in a high-demand rental market. Owner is open to seller financing with agreeable down and terms.
Listing Provided Courtesy of David Columbus, Living Room Realty
General Information
535479438
102
DOM
9
0.27 acres
8
5899
2004
RM2
Multnomah
R145740
Mill Park 5/10
Floyd Light 5/10
David Douglas
MultiFamily
D & O LITTLE HMS SUB 1, N 70' OF S 170' OF W 198' OF LOT 4, EXC P
Listing Provided Courtesy of David Columbus, Living Room Realty
Krishna Realty data last checked: Mar 16, 2026 21:41 | Listing last modified Jan 12, 2026 16:01,
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Residence Information
5899
9
8
Composition
OffStreet,Paved
3
2004
No
CementSiding
CrawlSpace
CrawlSpace
ConcretePerimeter
Features and Utilities
None
Electricity
WallHeater
PublicSewer
Electricity
Electricity
Financial
12750.89
Sewer,TrashCollection,Water
Cash,Conventional,OwnerWillCarry
10-02-2025
No
No
Comparable Information
102
165
Cash,Conventional,OwnerWillCarry
$1,475,000
$1,475,000
Jan 12, 2026 16:01
Schools
public Elementary : Mill Park
5/10Ratingspublic Middle : Floyd Light
5/10Ratings High : David DouglasN/ARatings
Turn-Key Multifamily Investment in Mill Park. A true opportunity to own a well-maintained, income-generating property in the desirable Mill Park neighborhood. Situated on a single tax lot, this offering includes a six-unit apartment building and a separate single-family home (blt 1938) providing both stability and versatility in one investment. The standalone home features three spacious bedrooms, two full bathrooms, and a partial basement. Each unit in the adjacent apartment building is a generously sized one-bedroom, thoughtfully designed with private decks, in-unit washer/dryers, and dedicated storage space, ensuring strong tenant appeal and retention. Located within close proximity to public transportation, schools, parks, restaurants, bakeries, and a Grocery Outlet, this property combines urban convenience with residential comfort. With low maintenance requirements, historically low turnover, and immediate cash flow, this is a truly turn-key investment in a high-demand rental market. Owner is open to seller financing with agreeable down and terms.
