$850000

Price cut: $49K (10-23-2025)

5 Bed
3 Bath
2124 SqFt
54 DOM
Built: 1904
Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

CAP RATE OF 6.83. FULLY REMODELED UNITS THAT RENT QUICKLY AND HAVE LOW TAXES, A REAL INCOME PRODUCER...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. MOTIVATED SELLER! BRING ALL OFFERS....ALL UNITS CURRENTLY RENTED....ADJACENT LOT AT 1132 SW BROADWAY DRIVE, LIST #647182886 THROWN IN TO THE PURCHASE WITH AN ACCEPTABLE OFFER...

Listing Provided Courtesy of Mark Jackson, Richard Ballew Realty

General Information

MLS #374309510
Type
Days on Market 54 DOM
Beds5
Lot Size 7405.2 SqFt
Baths3
SqFt2124
Year built1904
ZoningR10
CountyMultnomah
Tax IDR327777
ElemAinsworth
MiddleWest Sylvan
HighLincoln
PropCategoryMultiFamily
PropType
Neighborhood (Legal)SECTION 09 1S 1E, TL 4000 0.17 ACRES

Listing Provided Courtesy of Mark Jackson, Richard Ballew Realty

Mohan Realty Group data last checked: Nov 07, 2025 05:42 | Listing last modified Nov 03, 2025 14:30, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt2124
SFSrc
TotUp/Mn
Fireplaces
Bdrms5
Full Bath
Partial Bath
Total Bath3
RoofComposition
Garage
Style
ParkingOnStreet
Levels3
Year Built1904
Green CertNo
Energy Eff
ExteriorVinylSiding
Bsmt/FndDaylight
RV
URM
BasementDaylight
FoundationSlab
Windows
Amenities

Features and Utilities

Living
Kitchen
Interior
Exterior
Accessibility
CoolNone
WaterTank
HeatBaseboard, ForcedAir
SewerSepticTank
Hot WaterTank
FuelElectricity, Gas

Financial

PTax/Yr6463.17
HOA0
HOA InclElectricity,Heat,Sewer,TrashCollection,Water
HOA Fee
Other Dues
Terms ConsideredCash,Conventional
List Date09-10-2025
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 54
CDOM 58
Sold Date
TermsCash,Conventional
Original Price$899,000
List Price$850,000
Sold Price
Last ModifiedNov 03, 2025 14:30

Schools

Elementary : Ainsworth N/A Ratings

Middle : West Sylvan N/A Ratings

High : Lincoln N/A Ratings

Map

Listing courtesy of Richard Ballew Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Nov 07, 2025 05:42 | Listing last modified Nov 03, 2025 14:30. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

1120 SW BROADWAY DR