- ADDRESS:
- 2144 NE BROADWAY ST Portland, OR 97232
- VIDEOS:
- Print this Listing
- Price:
- $799,000
- Ft²:
- 5125
- Acres:
- 0.1
- MLS#:
- 24453829
- Lot Size:
- 3,000 to 4,999 SqFt
- Zone:
- CM2
- County:
- Multnomah
- Style:
- 3 Stories
- Yr Built:
- 1908
- Status:
- Pending
- Levels:
- 3
- Heat:
- Forced Air
- Roof:
- Composition, Membrane
- View:
- City
- Area:
- Portland Northeast
- Courtesy of:
- JMA Properties LLC
- Remarks:
- Income Producer! Located within the pulse of Portland's sought-after Broadway/Irvington district, this 3-unit Income property presents an excellent opportunity for current above-market returns with room for future growth. Highlighting the property is a turn-key remodeled commercial space with prime Broadway street frontage. Currently the home of the Paz Hair Lounge, a stable tenant with a mutual lessor-lessee extension exercisable in March, 2025. Beyond the commercial space awaits an income-generating Duplex, where historic charm intertwines seamlessly with contemporary comforts. Classic Arts & Crafts era features of an Old Portland converted home include high ceilings, built-in woodwork, hardwood floors, large windows, and craftsman touches throughout. The exterior was recently painted and includes ample on-site parking for residents. CM2 Commercial zoning offers boundless possibilities for future business or residential unit growth. Tremendous potential for high ROI, with current cap rate at 6.7% and low 11.5 GRM - this income producer if fully occupied & has great potential to grow! Please do not disturb the tenants. Property is not in the Irvington Historic District. A principal of the owner has an inactive Oregon real estate license. Buyer to perform own due diligence and to verify all information to their satisfaction.