OR > Portland > Boise
Portland, OR 97227,1115 1117 N Beech ST
Portland, OR 97227,1115 1117 N Beech ST
Portland, OR 97227,1115 1117 N Beech ST
Portland, OR 97227,1115 1117 N Beech ST
Portland, OR 97227,1115 1117 N Beech ST
Portland, OR 97227,1115 1117 N Beech ST
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Terri Layton

Terri Layton

Call It Closed International Realty

+1(503) 307-2424
Listed by Realty Works Group
$ 875,000
Est. payment | /mo

3,146 SqFt

Save
$ 875,000
Est. payment | /mo
Save

3,146 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,146 sqft

Price per Sqft $278

Subdivision Boise

MLS Listing ID 190351402

Year Built 1909

Annual Tax Amount $3,016

Tax Year 2024

Property Description

POTENTIALLY TWO ASSETS: The duplex alone is valued at $650K-$700K. With current rents, the CAP RATE is over 6%! Split the lot & sell (valued at $250K-$300K) for instant equity conversion, or develop separately. This is a true TURN-KEY investment in the hot N Mississippi Neighborhood. Owner Occupant Buyers can enjoy the huge, private lot now & unlock the development opportunities later. Updated systems throughout are an owner/tenant win-win: Updated kitchens & baths, double-pane windows & efficient mini-split HVAC for heating and cooling = happy tenants year-round. Excellent rental history, and low-turnover for the last 20+ years. Each unit has 3 bedrooms + 1 bath. Exterior entry into the basement (w/ 7-ft ceilings) could be explored as TRIPLEX potential. 2 blocks west of a thriving, diverse commercial district, containing event spaces, shopping, dining and services. 2 blocks south of a Pedestrian Bridge that crosses into Overlook - MAX line, more parks, dining, etc. Easy access in all directions to parks, libraries, transit & freeways. 9 min drive to Downtown PDX. Currently a 9,000 SF corner lot with alley access = INCREDIBLE DEVELOPMENT POTENTIAL up to 9 UNITS! Check out Lot/Land listing #317438603. Builder's Packet available upon request. Buyer to do their due diligence. Tenant Occupied -- PLEASE DO NOT DISTURB.

Location

State OR

County Multnomah

Community Alllandscaping, Laundry

Area _141

Zoning RM1

Rooms

Basement Full Basement

Interior

Heating Ductless, Mini Split, Wall Heater

Cooling Mini Split

Exterior

Community Features AllLandscaping, Laundry

View City

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Cul_de_sac, Level, Public Road

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Boise-Eliot

Middle Schools Harriet Tubman

High Schools Jefferson

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)
agent-avatar

+1(503) 307-2424

terri@homesbyterri.com

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1115 1117 N Beech ST