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1115 1117 N Beech ST, Portland, OR 97227
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$850,000
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Home Details for 1115 1117 N Beech ST
Price
$850,000
Type
Multi Family
Bedrooms
6
Total Bathrooms
2
Year Build
1909
County
Multnomah
Basement
Full
Tax
$3,016.39
MLS®️ Listing#
190351402
On exitrealty.com
110 days
Property Description
$25,000 PRICE REDUCTION! Zoning allows for up to *9 units*! There are TWO POTENTIAL ASSETS HERE: The duplex alone is valued at $650K-$700K. With current rents, the CAP RATE is over 6%! Split the lot & sell (valued at $250K-$350K, depending on size and configuration) 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.
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- Heating Information
- Ductless
- Water Features
- Public
- Parking
- On Street
- Basement
- Full
School Information
School Information for 1115 1117 N Beech ST
Elementary School
Boise-Eliot
Middle School
Harriet Tubman
High School
Jefferson
Listing Courtesy: Realty Works Group - 503-975-1829. Presented by: E. Wren Shiffler
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than EXIT Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data last updated as of date above. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some of these listings contain enhanced listing information including city, state, zip, and county from sources such as MSA data and USPS. Listing content is Copyright ©2025 RMLS of Portland, Oregon. All Rights Reserved.Last Updated: 2025-10-04 15:06:56
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EXIT REALTY BEND
805 SW Industrial Way, Suite 4, Bend, OR 97702