Listing Courtesy of: Brian Spear - JMA Properties LLC
503-575-1818
$799,000
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2144 NE BROADWAY St Unit 2144 Portland, OR 97232
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
5,125
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 prim...e 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.
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MLS#
24072173
Property Type
Multi-Family
Status
Year Built
1908
Square Feet
5,125
sq. ft
Lot Size
0.1
Sewer
Public Sewer Available
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