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ActiveTenant Occupied

NW Portland Floating Home Fixer 2/1 — $20K / $100K ARV

14952 NW Mill Rd #M3, Portland, OR, 97231

Oregon Residential Property Wholesaler Disclosure

This property is marketed by a Residential Property Wholesaler holding an equitable interest — not legal title. Oregon law gives buyers and sellers specific rights, including a 3-business-day right of cancellation after receiving the written disclosure.

Read the full written disclosure
Deal Overview

Asking Price

$20,000

$25/sqft

After Repair Value

$100,000

$125/sqft

Rehab Cost

$55,000

$69/sqft

Potential Profit

$25,000

Property Details

Bedrooms

2

Bathrooms

1

Sq Ft

800

Year Built

1990

Property Type

Other

Condition

Needs Work

Lot Size

800 Square Feet

Description

Floating home fixer on the water in NW Portland — a 2 bed / 1 bath with 800 SqFt at the Mill Rd moorage, slip #M3. At $20,000, this is one of the lowest entry tickets anywhere in the Portland market. An estimated $55,000 renovation takes it to a $100,000 ARV — and the comps are on the same water: a unit at this very moorage sold for $96,400, and a smaller 1/1 nearby brought $159,000 (attached below with the proforma). Waterfront living at a fraction of land-home pricing is the draw. Buyers should verify moorage fees, approval and transfer requirements, float condition, and insurance options as part of due diligence. Showings coordinated in advance. Earnest money $10,000 to the title agency. Sold as-is; buyer to perform independent due diligence.

Seller-Provided Comps2

Sold comps

14426 NW Larson Rd #2, Portland

1 bd · 1 ba · 750 sqft

Clean and updated floating home

$159,000

14940 NW Mill Rd #G, Portland

2 bd · 2 ba · 1,200 sqft

Clean and well kept — same moorage

$96,400

Supporting Documents4

4 documents available

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Property Info
OccupancyTenant Occupied
AccessAppointment Only

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