MLS# 24418564 – 2144 Ne Broadway St, Portland, OR 97232 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of JMA Properties LLC.

Property Description

Description

3 Units

Status: Active

Year Built: 1956

Days on Website: 98

Open House 04/28/24 from 1pm to 3pm. Priced to sell and currently easy to show.Nestled within the vibrant pulse of Portland's sought-after Broadway/Irvington district, this unique live-work property presents an unparalleled opportunity for the savvy investor or discerning homeowner.Highlighting the property is a turn-key commercial space, an enticing canvas awaiting the strokes of entrepreneurial vision. With a sleek, contemporary redesign and CM2 zoning, this versatile area offers boundless possibilities, ready to accommodate the dreams of budding businesses or seasoned entrepreneurs alike. The commercial space stands as a testament to the endless potential nestled within these walls. Currently leased to Paz Salon.Beyond the commercial space awaits an income-generating Duplex, where historic charm intertwines seamlessly with contemporary comforts. Each unit offers a warm embrace, inviting you to relax amidst the cozy ambiance of vintage character. From the moment you enter, you're greeted by the echoes of a bygone era, boasting original architectural details such as built-in cabinets, large windows and hardwood floors. The exterior was recently painted and includes ample on-site parking for residents.Don't miss your chance to own a piece of Portland's rich history while embracing the limitless opportunities of tomorrow. Discover the perfect blend of vintage charm and modern allure at this captivating property, an investment poised to redefine your future. A principal of the owner has an inactive real estate license. Please do not disturb the tenants.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

Unfinished

Building

Building Area Total:

5125

Built in 1956

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Community

Community Features:

Laundry

Expenses

Operating Expense Scheduled:

16370

Operating Expense:

$15,893

Exterior Features

Exterior Description:

Block,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter,Slab

Water Features

Waterfront Features:

Other

Waterfront Property

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

6.62

Gross Income:

$72,156

Gross Rent Multiplier:

11.78

Gross Scheduled Income:

$76,500

Net Operating Income:

$56,263

Net Scheduled Income:

60130

Listing

Contract Status Change Date:

2024-01-24

Days On Market:

Last Transaction Date:

2024-04-25 13:21:11

List Price:

$849,900

Listing Contract Date:

2024-01-24

Listing Id:

24418564

Mls Status:

Active

Modification Timestamp:

2024-04-25 13:21:11

On Market Date:

2024-01-24

Previous List Price:

$895,000

Rent Includes:

Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_142

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.1

Size Range:

SqFt3000to4999

Size Square Feet:

4,356

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

Leases

Parking

Features:

Assigned

2 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

CM2

Roof

Roof:

Composition,Membrane

Schools

High School:

Grant

Middle Or Junior School:

Harriet Tubman

Elementary School:

Irvington

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,617

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,895

Area:

1902

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,926

Area:

1102

Features:

HardwoodFloors,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$2,150

Area:

1019

Units Total:

1 total bathroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$849,900 -

2144 Ne Broadway St Portland , OR 97232

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 1, 2024 1:45PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.