$499,900
SOLD MAR 7, 2025

1838 SW Mill Street Terrace Unit 1840 Portland, OR 97201

Southwest Hills Neighborhood
-- Bed
-- Bath
1,680 Sq Ft
4,617 Sq Ft Lot

Recently Sold

$298 Per Sq Ft

9 Days on Market

Highlights

  • City View
  • Private Lot
  • Baseboard Heating
  • Ainsworth Elementary School Rated A-
  • Landscaped with Trees
  • Wood Siding

About This Home

As of March 2025

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.

Last Agent to Sell the Property

Whitney Parker

Redfin License #201004143 Listed on: 01/31/2025

Redfin

Last Buyer's Agent

Dennie Frank

Berkshire Hathaway HomeServices NW Real Estate License #200304074

Berkshire Hathaway HomeServices NW Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,868

Year Built

  • Built in 1890 | Remodeled

Lot Details

  • Private Lot
  • Corner Lot
  • Level Lot
  • Landscaped with Trees

Property Views

  • City
  • Mountain

Home Design

  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 1,680 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Dirt Floor
  • Basement Storage

Parking

  • 4 Parking Spaces
  • Driveway

Schools

  • Ainsworth Elementary School
  • West Sylvan Middle School
  • Lincoln High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number R213501

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $13,218
  • Gross Income $42,420
  • Net Operating Income $29,202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,868

Year Built

Built in 1890 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1890
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: DirtFloor, StorageSpace, Unfinished
  • Storage: Basement
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: Yes
  • Lot Features: CornerLot, Level, Private, Trees
  • Roof: Flat
  • View: City,Mountain

Garage/Parking

  • Parking Description: Driveway
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Ainsworth
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan

Lot Info

  • Zoning: RM2
  • Parcel #: R213501

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 7867.81

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.78
  • Annual Gross Income: 42420.0
  • Property Net Operating Income: 29202.0
  • Annual Operating Expense: 13218.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2025
Closed on
Mar 12, 2025
Sold by
Brugger Gerhard and Monterroza-Brugger Maritza
Bought by
Mcgovern Sean
Seller's Agent
Whitney Parker
Redfin
Buyer's Agent
Dennie Frank
Berkshire Hathaway HomeServices NW Real Estate
List Price
$499,900
Sold Price
$499,900
Total Days on Market
9
Views
51

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
75.13%
Original Mortgage
$449,900
Outstanding Balance
$449,528
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$119,135

Purchase Details

Listed on
Apr 11, 2021
Closed on
Sep 27, 2021
Sold by
Maxim Bay Iii Lp
Bought by
Brugger Gerhard and Monterroza Brugger Maritza
Seller's Agent
Connie Brockway
Elite Realty & Associates LLC
Buyer's Agent
Maureen Swan
Portland Proper Real Estate
List Price
$659,000
Sold Price
$550,000
Premium/Discount to List
-$109,000
-16.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.75%

Purchase Details

Closed on
Jan 25, 2021
Sold by
Maxim Bay Iii Lp
Bought by
Provision Invstments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2019
Sold by
Barron Julia T
Bought by
Maxim Bay Iii Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2018
Sold by
Hess Lesley A
Bought by
Barron Julia T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,487
Interest Rate
4.22%

Purchase Details

Listed on
Jun 28, 2013
Closed on
Mar 31, 2014
Sold by
Sunde Carroll O
Bought by
Hess Lesley Ann
Seller's Agent
Cyndi Johnston
Keller Williams Sunset Corridor
Buyer's Agent
Mark Eden
PDX Metro Realty
List Price
$375,000
Sold Price
$292,500
Premium/Discount to List
-$82,500
-22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.14%
Original Mortgage
$354,747
Interest Rate
4.3%
Mortgage Type
FHA
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $499,900 Wfg Title
Warranty Deed $550,000 First American
Warranty Deed $235,000 First American
Warranty Deed $560,000 First American
Deed $470,000 --
Warranty Deed $282,500 Wfg Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $449,900 New Conventional
Previous Owner $235,000 Purchase Money Mortgage
Previous Owner $376,000 Commercial
Previous Owner $461,487 No Value Available
Previous Owner -- No Value Available
Previous Owner $339,796 FHA
Previous Owner $354,747 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Sold $499,900 0.0% $298 / Sq Ft
02/09/2025 02/09/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $499,900 -9.1% $298 / Sq Ft
10/01/2021 10/01/21 Sold $550,000 -8.3% $262 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
04/20/2021 04/20/21 Price Changed $599,900 -9.0% $286 / Sq Ft
04/11/2021 04/11/21 For Sale $659,000 +125.3% $314 / Sq Ft
04/04/2014 04/04/14 Sold $292,500 -22.0% $174 / Sq Ft
10/23/2013 10/23/13 Pending -- -- --
06/28/2013 06/28/13 For Sale $375,000 -- $223 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $7,868 $285,770 $0 $0
2022 $7,401 $277,440 $0 $0
2021 $7,061 $261,400 $0 $0
2020 $6,477 $253,790 $0 $0
2019 $6,239 $246,400 $0 $0
2018 $6,056 $239,230 $0 $0
2017 $5,804 $232,270 $0 $0
2016 $5,311 $225,510 $0 $0
2015 $5,172 $218,950 $0 $0
2014 $4,895 $204,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 139806142

Regional Multiple Listing Service (RMLS)

APN: R213501