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15648 NE Milton Pl

Portland, OR 97230
  • $550,000
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: 623470698
Price Reduced
UPDATED: 49 min ago
$550,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,552
    SQFT
  • $216
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2000
County:

School Information

Elementary School:
Middle School:
High School:

Description

This well-designed duplex offers two spacious units, each with 3 bedrooms and 2.5 baths. With generous layouts and thoughtful details, it’s a perfect fit for both investors and owner-occupants. Each home’s main level offers a bright, open living area with a cozy gas fireplace, half bath, and a spacious kitchen with endless storage and dining area ready for gatherings. Sliding doors open to the yard, creating easy indoor-outdoor living. Upstairs, you’ll find three bedrooms, including a primary with its own ensuite bath. A second full bathroom serves the additional bedrooms, while laundry is conveniently located on the same level. A detached garage provides parking and storage for both units, with additional driveway space for convenience. With established long-term tenants, steady income, and room for future rent growth, this property offers both stability and upside potential, a smart, well-rounded investment opportunity for those looking to expand or diversify their rental portfolio. With a 4.74% cap rate, this duplex combines comfort, flexibility, and solid investment performance—ideal for expanding your rental portfolio or living in one unit while renting the other.

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Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Ladd Group, Cascade Sotheby's International Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-12-10T06:48:14.907.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Ladd Group, Cascade Sotheby's International Realty and should be independently verified.
www.bendpropertysource.com/homes/168090754
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15648 NE Milton Pl Portland, OR 97230

  • Price: $550,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 49 min ago
  • MLS #: 623470698
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2,552
SQFT
$216
$/SQFT
2000
Built
Neighborhood:
Wilkes
County:
Multnomah
Area:
142-Portland Northeast
Elementary School:
Margaret Scott
Middle School:
H.B. Lee
High School:
Reynolds
Property Description
This well-designed duplex offers two spacious units, each with 3 bedrooms and 2.5 baths. With generous layouts and thoughtful details, it’s a perfect fit for both investors and owner-occupants. Each home’s main level offers a bright, open living area with a cozy gas fireplace, half bath, and a spacious kitchen with endless storage and dining area ready for gatherings. Sliding doors open to the yard, creating easy indoor-outdoor living. Upstairs, you’ll find three bedrooms, including a primary with its own ensuite bath. A second full bathroom serves the additional bedrooms, while laundry is conveniently located on the same level. A detached garage provides parking and storage for both units, with additional driveway space for convenience. With established long-term tenants, steady income, and room for future rent growth, this property offers both stability and upside potential, a smart, well-rounded investment opportunity for those looking to expand or diversify their rental portfolio. With a 4.74% cap rate, this duplex combines comfort, flexibility, and solid investment performance—ideal for expanding your rental portfolio or living in one unit while renting the other.
Exterior Features

Attached Garage YN No Exterior Description Lap Siding Vinyl Siding Lot Features Gentle Sloping Seasonal Parking Features Driveway Garage Parking Total 4 Road Surface Type Paved Roof Composition View Description Trees Woods View YN Yes

Interior Features

Basement Crawl Space Cooling None Cooling YN No Heating Forced Air Heating YN Yes

Property Features

Bank Owned YN No Fuel Description Gas Green Certification YN Yes Gross Income 42955 Hot Water Description Gas IDXAddress Display YN Yes Listing Terms Cash Conventional Net Operating Income 27736 Operating Expense 15008 Property Attached YN No Property Condition Approximately Rent Includes Trash Collection Sewer Public Sewer Short Sale YN No Storage Garage Tax Annual Amount 7399.29 Tax Year 2024 Water Source Public Water Zoning RM1

Listing provided courtesy of Living Room Realty: .


Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Ladd Group, Cascade Sotheby's International Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-12-10T06:48:14.907.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Ladd Group, Cascade Sotheby's International Realty and should be independently verified.
 
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Ladd Group, Cascade Sotheby's International Realty
650 SW Bond St, Suite 100
Bend OR, 97702