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2634 NE Broadway St, Portland, OR 97232

$1,099,000

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Property Description

Fantastic 5-Plex Investment Opportunity in the Heart of NE Portland. Located on a prominent corner lot at the intersection of Sullivan's Gulch and Grant Park, this versatile 5-plex presents an exceptional opportunity for both investors and owner-occupants. Four units are currently rented below market value, offering significant upside potential. Each spacious unit includes large bedrooms, generous living areas, and in-unit washer and dryer. A brand-new roof provides peace of mind and long-term value. The property also includes a detached 3-bay garage, offering potential for development or additional income opportunities. Please do not disturb tenants. All units are occupied. Offers are contingent upon interior inspection.

2634 NE Broadway St | MLS# 557367342

This multi-family property located at 2634 NE Broadway St, Portland, OR 97232 is currently listed for sale with an asking price of $1,099,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Window Unit(s)
Fuel Type: Electricity, Gas
Heating: Zoned
Roof Type: Flat
Stories: 3.0
Taxes: $16,757
Year Built: 1925
Square Feet: 5,420

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $1425.00
Square Footage: 907
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $1200.00
Square Footage: 512
Total Units: 1
Unit Type 3:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $2345.00
Square Footage: 2005
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $1550.00
Square Footage: 816
Total Units: 1
Unit Type 5:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $1470.00
Square Footage: 816
Total Units: 1

Feature Descriptions

Days on Site: 3
Exterior: Stucco
Gross Income: $95880.00 (Actual)
Hot Water: Electricity
Lot: Corner Lot
Net Income: $51183.00 (Actual)
Operating Expenses: $44697.00 (Actual)
Parking: Detached, Garage
Parking Notes: Detached, Garage
Sewer: Public Sewer
Storage: Garage
Units: 5
Water: Public Water

Local Schools

High School: Jefferson
Middle School: Harriet Tubman
Elementary School: Irvington

Listed By / Shown By

Listed By

Agency Name: Crestview Realty, LLC
Agency Phone: 503-729-8208

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 7,274.10 per month $5,557.14 Principal & Interest $1,396.42 Property Tax $320.54 Homeowner's Insurance

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