2144 BroadwayPortland, OR 97232
Three-unit building, high ROI potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- Three-unit mixed-use building in Portland's Broadway/Irvington district.
- Turnkey commercial space with Broadway street frontage, leased to Paz Hair Lounge until March 31, 2025, with extension option.
- Income-generating duplex featuring Arts & Crafts details, high ceilings, hardwood floors, and ample parking.
- CM2 Commercial zoning allows for future development potential.
- 6.7% cap rate, 11.5 GRM, $53,566 NOI (actual), $60,130 pro-forma NOI; Rentometer projects $1,926 (1-bedroom) and $2,257 (2-bedroom) market rents.
- Built 1908 (residential), 1956 (commercial), renovated 2021; 100% occupied; buyer to verify all information; owner principal holds inactive Oregon real estate license.
Property Details for 2144 Broadway
- Property type
- Multifamily properties, Apartment buildings
- Square Feet
- 5,125 SF
- Class
- C
- Year Built/Renovated
- 1908/1957
- Buildings
- 1
- Stories
- 3
- Units
- 3
Location Insight
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Latitude
- 45.534899879381
- Longitude
- -122.64384434792
Nearby Similar for Sale
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