1120 SW Broadway Dr, Portland, OR 97201
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
Listed by: mark jackson
Office: richard ballew realty503-314-6150
MLS#:374309510
Source:PORTLAND
Price summary
- Price:$789,000
About this home
7.36% CAP RATE | LEGAL TRIPLEX | FULLY REMODELED | EXCEPTIONAL LOCATION | STRONG RENTAL HISTORY A rare opportunity to own a legal triplex in one of Southwest Portland's most desirable locations. Offering an estimated 7.36% capitalization rate, low annual property taxes of $6,214.72, beautifully remodeled units, and an outstanding rental history, this is the type of investment that is difficult to find. The property's updated finishes, separate electrical meters, and strong tenant appeal have consistently resulted in quick leasing and reliable income.Perfectly positioned just 1.8 miles from Historic Council Crest Park—Portland's highest point and one of the city's premier scenic destinations—the property also enjoys close proximity to OHSU, downtown Portland, major employers, shopping, dining, and public transportation. Residents appreciate the peaceful setting with territorial views and abundant wildlife while remaining just minutes from the heart of the city. Each unit has been thoughtfully updated and includes its own washer and dryer, a highly desirable amenity that enhances tenant satisfaction and marketability. Additional improvements include new electrical meters, further enhancing the property's long-term functionality and appeal. For investors seeking stable cash flow, the combination of low operating expenses, quality renovations, excellent tenant demand, and a premier Southwest Portland location creates a compelling investment opportunity. Rare Bonus Opportunity: An adjacent vacant lot is available for purchase either separately or together with the triplex, providing additional flexibility for future expansion, investment, or development potential. Buyers should perform their own due diligence regarding permitted uses and development possibilities.Whether you're expanding an investment portfolio or completing a 1031 exchange, this property offers an outstanding combination of location, quality, and income potential that is seldom available....
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Home facts
- Year built:1904
- Listing ID #:374309510
- Added:316 day(s) ago
- Updated:July 29, 2026 at 11:39 AM
Rooms and interior
- Basement Description:Daylight
Heating and cooling
- Heating:Baseboard, Forced Air
Structure and exterior
- Roof:Composition
- Year built:1904
- Lot area:0.17 Acres
- Lot Features:Green Belt, Public Road, Sloped, Trees, Wooded
- Foundation Description:Slab
- Levels:3 Stories
Schools
- High school:Lincoln
- Middle school:West Sylvan
- Elementary school:Ainsworth
Utilities
- Water:Public Water
- Sewer:Septic Tank
Finances and disclosures
- Price:$789,000
- Tax amount:$6,463 (2024)
Parking
- Parking description:On street
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