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Listed by Realty Works Group
$875,000
Est. payment /mo
9,147 Sqft Lot
Price Dropped by $20K
1115 1117 N BEECH ST #13 Portland, OR 97227
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 317438603
Annual Tax Amount $3,016
Tax Year 2024
Lot Size 9,147 Sqft
Property Sub-Type Multi Family
Property Description
9,000 SF corner lot with RM1 Zoning means up to 9 TOTAL UNITS on the property! Potentially TWO ASSETS in the hot N Mississippi Neighborhood: Dividable LOT valued at $250K-$300K & existing, well-maintained DUPLEX valued at $650K-$700K. Split & sell for instant equity capture. Ask about the City's NEW SDCs WAIVER! Exterior basement entry & 7-ft ceilings could be explored as TRIPLEX potential, maximizing your FAR. Duplex rental income may cover holding costs while planning, permitting, and constructing. Duplex is perfectly positioned on the far SW corner of the land -- multiple lot line configurations possible. Alley access creates ease for construction. Buyer to do their due diligence, of course. Builder's Packet available upon request. Dead-end street increases the appeal to resale buyers and/or tenants (very low-traffic). Only 2 blocks to a thriving commercial district, containing event spaces, shopping, dining and services. Easy access to parks, libraries, transit & freeways, too. Pedestrian bridge 2 blocks away crosses to Overlook - MAX line, more parks, dining, etc. Tenant Occupied -- Agent accompanied appointments only! PLEASE DO NOT DISTURB.
Location
State OR
County Multnomah
Area _141
Zoning RM1
Exterior
Utilities Available CableAvailable, ElectricityConnected, PublicWater500FeetPlus, SeeRemarks, SewerConnected, WaterConnected
View City
Garage No
Building
Lot Description Corner Lot
Schools
Elementary Schools Boise-Eliot
Middle Schools Harriet Tubman
High Schools Jefferson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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