2144 NE BROADWAY ST Portland, OR 97232
Price:
$799,000
Units:
3
Acres:
0.1
Unit 1:
1.0 Bath $2,150/mo
Unit 2:
2 Bed 1.0 Bath $1,895/mo
Features: Dishwasher, Hardwood Floors, Range, Refrigerator
Unit 3:
1 Bed 1.0 Bath $1,720/mo
Features: Hardwood Floors, Range, Refrigerator
MLS#:
24072173
Lot Size:
3,000 to 4,999 SqFt
Type:
Multi
Zone:
CM2
Yr Built:
1908
Taxe/yr:
$5,841.77
County:
Multnomah
Status:
Pending
Levels:
3
Heat:
Forced Air
Nhood/Bldg:
Sullivan's Gulch / Irvington
View:
City
Elem:
Irvington
Middle:
Harriet Tubman
High:
Grant
Lot Desc:
Level, On Busline
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 6.73% 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.

We’ll get back to you as soon as we’re able. But if you need us sooner, feel free to call Brian at 503-810-2219 with your questions.


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