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Listing 11 out of 116
$1,025,000 For Sale

1115 N Beech St
Portland, OR 97227

2 units | Multi Family Home - MLS# 18093840
Property Photo
1/25

Description

Great opportunity to own a large duplex in the heart of trendy Mississippi Dist. Each unit is 2 bedrooms plus good size bonus room. Seller will consider terms for seller finance w/ healthy down payment. City says potential to build additional units on this 9, 000sqft corner lot. Buyer to do due diligence regarding development. Please do not disturb tenants. 5.55% CAP at a $650k valuation on duplex.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Multnomah County
  • Zip Code: 97227
  • Year Built: 1909
  • Subdivision/Neighborhood: Mississippi
  • Elementary School: Boise-Eliot
  • High School: Grant
  • Sq.Ft.: 3,146 sq ft
  • Stories: 2-Story
  • Units: 2 units
  • Basement: Full Basement, Unfinished
  • Lot Size: 7, 000 To 9, 999 Sqft
  • Zoning: R2a
  • Area: Portland North
  • Common Amenities: Laundry
  • Exterior: Wood Siding
  • Fuel: Electricity
  • Gross Income Actual: 42300
  • Gross Income Projected: 47880
  • Gross Rent Multiplier: 24.23
  • Hot Water: Electricity
  • Limited Representation: Full Service
  • Lot: Corner, Level, Trees
  • Net Income Actual: 36074
  • Net Income Projected: 41654
  • Occupancy Types: Month To Month, Vacant
  • Operating Expenses Actual: 6226
  • Operating Expenses Projected: 6226
  • Roof Type: Composition
  • School High2: Jefferson
  • Sewer: Public Sewer
  • Storage: Basement
  • Tax Amount: 2293.70
  • Terms: Cash, Conventional, Contract
  • Unit Features: Range, Refrigerator
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Range, Refrigerator
  • Unit Type 1 Sq Ft: 1066
  • Unit Type 1 Units Total: 1
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator
  • Unit Type 2 Sq Ft: 1040
  • Unit Type 2 Units Total: 1
  • Utilities Included: Trash Collection, Sewer, Water
  • Water: Public
  • Year Built Info: Existing
Courtesy of John L. Scott NE Portland
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