1115 1117 N Beech St, Portland, OR 97227

Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
1115 1117 N Beech St,Portland, OR 97227
$850,000
  • - Beds
  • - Baths
  • 3,146 sq. ft.
  • Multi-family
  • Active
Listed by:e. wren shiffler
Office:realty works group
MLS#:190351402
Source:PORTLAND

Price summary

  • Price:$850,000
  • Price per sq. ft.:$270.18

About this home

$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

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Home facts

  • Year built:1909
  • Listing ID #:190351402
  • Added:93 day(s) ago
  • Updated:September 22, 2025 at 11:18 PM

Rooms and interior

  • Living area:3,146 sq. ft.

Heating and cooling

  • Heating:Ductless, Mini Split

Structure and exterior

  • Roof:Composition
  • Year built:1909
  • Building area:3,146 sq. ft.

Schools

  • High school:Jefferson
  • Middle school:Harriet Tubman
  • Elementary school:Boise-Eliot

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$270.18
  • Tax amount:$3,016 (2024)
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