Multi-Family for Sale: 2144 BROADWAY ST, Portland, OR 97232

5,125 sqft
$799,000
$799,000
2144 BROADWAY ST, Portland, OR 97232
5,125 sqft
$799,000
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Price:
$799,000

Type Multi-Family
Square Feet 5,125 sqft
Lot Size 0.10 acres
Year Built 1908
Taxes Paid $5,841

City Portland
Area 142 - Portland Northeast
County Multnomah
School District Grant
Subdivision Sullivan's Gulch / Irvington

MLS 24072173
Status Active
DOM 3 days
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.

Room Features

Basement Description Exterior Entry, Unfinished, Full Basement

Lot & Building Features

Heating Forced Air
Parking Description Assigned, Driveway
Sewer Public Sewer
Water Public Water
Water Heater Gas, Tank

Community and Schools

Elementary School Irvington
Junior High School Harriet Tubman
Senior High School Grant

Unit Features

Unit Type 1 Actual Rent 2150
Unit Type 1 Area 1019
Unit Type 1 Baths 1.000
Unit Type 1 Baths Total 1
Unit Type 1 Units Total 1
Unit Type 2 Actual Rent 1895
Unit Type 2 Area 1902
Unit Type 2 Baths 1.000
Unit Type 2 Baths Total 1
Unit Type 2 Beds Total 2
Unit Type 2 Features Dishwasher, Refrigerator, Range, Hardwood Floors
Unit Type 2 Units Total 1
Unit Type 3 Actual Rent 1720
Unit Type 3 Area 1102
Unit Type 3 Baths 1.000
Unit Type 3 Baths Total 1
Unit Type 3 Beds Total 1
Unit Type 3 Features Hardwood Floors, Refrigerator, Range
Unit Type 3 Units Total 1

Price History of 2144 BROADWAY ST, Portland, OR

Date Name Price Difference
11/01/2024 Listing Price $799,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 2144 BROADWAY ST, Portland, OR

Location Map Street View
Photo of Don Nunamaker, Realtors
Direct: 541-386-4400
Office
2495 Cascade Ave.
Hood River, OR 97031
541-386-4400
Listed by JMA Properties LLC, Brian Spear & Brian Porter
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20%
0.7311351689612%
6.75%
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Monthly Taxes
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2144 BROADWAY ST (MLS #24072173) is a multi-family listing located in Portland, OR. This multi-family listing is 5,125 sqft and on a lot of 4,356 sqft (or 0.10 acres) and is 116 years old. This property was listed on 11/01/2024 and has been priced for sale at $799,000.

Nearby zip codes are 97202, 97211, 97212, 97214 and 97227. This property neighbors other cities such as Unknown.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: JMA Properties LLC

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Don Nunamaker, Realtors are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.