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Cedar Mill Multifamily Home for Sale

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    $799,000

    • 6 Beds
    • 3 Baths
    • 2,592 Sq Ft

    694 NW Joy Ave, Portland, OR 97229

    Excellent investment opportunity in amazing location in sought-after Cedar Mill. Single-level Triplex with 2 Bedrooms, 1 Bathroom per unit. Recent capital improvements include NEW tear-off roof in 2021 (10-year transferrable warranty), NEW electrical panels in each unit in 2022. Assigned parking + additional parking spaces. Easy access to hi-tech corridor, shopping, dining, mass transit. 0.2 mile

    Jessica Corcoran ELEETE Real Estate

    694 NW Joy Ave, Portland, OR 97229

Why Live in Cedar Mill

Cedar Mill in West Haven-Sylvan, Oregon, is a rapidly growing neighborhood with a significant population increase of 40% since 2000. This growth has brought new schools, businesses, and amenities to the area. Cedar Mill is conveniently located near the corporate headquarters of Nike and Intel, making it an attractive location for professionals. The neighborhood offers a variety of things to do, including visiting the popular Insomnia Coffee Co and Wildwood Taphouse. The Cedar Mill Library and the Cedar Mill Farmers Market are local favorites, with the market running every Saturday from May through October. Outdoor enthusiasts can explore the Tualatin Parks and Recreation District, including the Jordan Woods Natural Area and Cedar Mill Falls, accessible via ADA-compliant trails. The Sunset Athletic Club provides extensive recreational facilities, including pools and tennis courts. Cedar Mill is part of the Beaverton School District, with highly rated Terra Linda Elementary School and Sunset High School, both offering strong academic programs and extracurricular activities. The neighborhood features curving suburban streets with parks and green spaces, and homes typically range from ranch-style to contemporary traditional designs. Prices for three-bedroom homes range from $500,000 to $650,000, while larger properties can exceed $1 million. Cedar Mill is easily accessible via Route 26, with downtown Portland about 20 minutes away, and Nike and Intel headquarters within a short drive.

Home Trends in Cedar Mill, OR

Housing Trends

Median Sale Price
$455,000
Median Single Family Sale Price
$495,000
Median Townhouse Sale Price
$610,000
Median 2 Bedroom Sale Price
$580,000
Median 1 Bedroom Sale Price
$864,500
Average Price Per Sq Ft
$270
Number of Homes for Sale
41
Last 12 months Home Sales
216
Months of Supply
2.30
Median List Price
$500,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
14%
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