About 1120 Sw Broadway Dr
CAP RATE OF 6.65 BASED ON THREE FULLY RENTED UNITS. FULLY REMODELED UNITS THAT RENT QUICKLY AND HAVE LOW TAXES...The electrical was just completed(all new service) so this building is a legal tri-plex. Quartz countertops, high end LVP flooring, all with a view. This is the income property you've been looking for. WASHER AND DRYERS PROVIDED IN ALL THREE UNITS. No amount of superlatives can fully describe the Marquam Park location, its views, and abundant wildlife....all close to downtown with OHSU closer. Updates include Unit 1(top): LVP flooring/Barn doors/Kitchen Cabinets/Quartz countertops/SS appliances/LED lighting/Microwave, new toilet Unit 2(middle): LVP flooring/Kitchen Cabinets/Quartz countertops/Barn Doors/SS Appliances/LED lighting/bath 6 years new(fridge in this unit is white in pics but is now stainless), Unit 3(lower) with New Carpet/tile/appliances(no dishwasher)/washer & dryer/Acia wood kitchen countertop....Remarkable rent history typified by the latest rental of unit 'A'...50 inquiries in 72 hours...it had to be shut down...Taxes are low at $6,214.72. CAP RATE BASED ON PROJECTED INCOME FROM THREE FULLY RENTED UNITS IS 6.65....MOTIVATED SELLER! BRING OFFERS....
Features of 1120 Sw Broadway Dr
| MLS® # | 374309510 |
|---|---|
| Price | $899,000 |
| Bathrooms | 0.00 |
| Acres | 0.17 |
| Year Built | 1904 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 1120 Sw Broadway Dr |
|---|---|
| Area | 148 - Portland NW/ SW/ S, Raleigh Hills |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97201 |
Amenities
| Parking | On Street |
|---|---|
| View | Trees/Woods, Park/Greenbelt, Valley |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 3 |
| Basement | Daylight |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Lot Description | Sloped, Trees, Wooded, Green Belt, Public Road |
| Roof | Composition |
| Foundation | Slab |
School Information
| Elementary | Ainsworth |
|---|---|
| Middle | West Sylvan |
| High | Lincoln |
Additional Information
| Date Listed | September 10th, 2025 |
|---|---|
| Days on Market | 31 |
| Zoning | R10 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Richard Ballew Realty |
|---|