By Jennifer O'Brien, November 26, 2025
15648 NE MILTON PL , Portland 97230
$550,000 (Active)
- Bed
- Bath
- 2552 sqft.
Portland, 97230
View Listing- Built in 2000
- 2552 sqft
- $215.52/sqft
- County: Multnomah
15648 NE Milton Pl. A & B
Portland, OR 97230
A solid performer with lasting tenant appeal and long-term investment value, this well-designed duplex features two spacious 3-bedroom, 2.5-bath units with thoughtful layouts and modern comforts throughout. Each home offers a bright, open main level with a generous living area, cozy gas fireplace, half bath, and a spacious kitchen with abundant storage and an inviting dining area ideal for gatherings. Sliding doors lead to the yard, creating easy indoor–outdoor living.
Upstairs, each unit includes three bedrooms, including a primary suite with its own ensuite bath. A second full bath serves the additional bedrooms, and laundry conveniently located on the same level adds everyday ease. A detached garage provides parking and storage for both units, complemented by additional driveway space.
With established long-term tenants on one side, steady income, and room for future rent growth, this property offers both stability and upside—an excellent option for investors looking to expand or diversify their rental portfolio.
Let’s talk numbers: A 4.74% cap rate underscores its strong performance, combining comfort, flexibility, and reliable long-term potential.
Unit A: Vacant (was previously renting at $2205/month. Average rents coming in at $2884/month)
Unit B: $1533/month (Leased – Fixed term lease through July 31, 2026)
OFFERED AT $550,000
6 BED | 4/2 BATH | 2,552 SQ. FT.
MLS# 623470698 | TAXES: $7,399.29
Jennifer O'Brien
Broker | OR
She/Her
A bit about me, I am a Portland transplant by way of Chicago, Atlanta, Minneapolis, Burlington (Vermont), Boston, New York City and Hong Kong.
Prior to becoming a Broker and working in Property Management/Real Estate, my former career was in Human Resources at Deutsche Bank and Natixis. Moving to Portland allowed me to make the change into Real Estate as becoming a Broker was always in the back of my mind watching my mom and grandmother. My grandmother built a successful woman-owned real estate business in Neenah, Wisconsin and my mom followed her footsteps.
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When I am not “working”, I love to spend quality time with my husband and son, hanging with friends, and centering myself with Barre and Yoga. We are travelers at heart and have enjoyed spending our free time exploring this beautiful state of Oregon that we are lucky enough to call home.
So whether you are local, moving from a distance, searching for that investment property or wondering if you should hold on to your home or sell, I’m here to guide you throughout the process to help you in either direction you decide.
- Knowledge of market trends and tenant landlord laws
- Additional resources provided to help you settle into PDX
- T: 312-965-7519
- jenniferobrien@livingroomre.com
