OR > Portland > Sullivan'S Gulch - Irvington
Portland, OR 97232,2144 NE BROADWAY ST
Portland, OR 97232,2144 NE BROADWAY ST
Portland, OR 97232,2144 NE BROADWAY ST
Portland, OR 97232,2144 NE BROADWAY ST
Portland, OR 97232,2144 NE BROADWAY ST
Portland, OR 97232,2144 NE BROADWAY ST
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Kathy Quick

Kathy Quick

+1(503) 730-0702
Listed by JMA Properties LLC
$ 799,000
Est. payment | /mo

5,125 SqFt

Save
$ 799,000
Est. payment | /mo
Save

5,125 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,125 sqft

Price per Sqft $155

Subdivision Sullivan'S Gulch / Irvington

MLS Listing ID 24072173

Year Built 1908

Annual Tax Amount $5,841

Tax Year 2024

Lot Size 4,356 Sqft

Property Description

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.

Location

State OR

County Multnomah

Community Laundry

Area _142

Zoning CM2

Rooms

Basement Exterior Entry, Full Basement, Unfinished

Interior

Heating Forced Air

Exterior

Community Features Laundry

View City

Roof Type Composition,Membrane

Parking Type Assigned, Driveway

Garage No

Building

Lot Description Level, On Busline

Story 3

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Irvington

Middle Schools Harriet Tubman

High Schools Grant

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)
 
 
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