1115 1117 N Beech St, Portland, OR 97227

Local realty services provided by:ERA Freeman & Associates, Realtors
#1#2#3
1115 1117 N Beech St,Portland, OR 97227
$875,000
  • - 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:$875,000
  • Price per sq. ft.:$278.13

About this home

POTENTIALLY TWO ASSETS: The duplex alone is valued at $650K-$700K. With current rents, the CAP RATE is over 6%! Split the lot & sell (valued at $250K-$300K) 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 south of a Pedestrian Bridge that crosses into Overlook - MAX line, more parks, dining, etc. Easy access in all

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Home facts

  • Year built:1909
  • Listing Id #:190351402
  • Added:51 day(s) ago
  • Updated:August 15, 2025 at 04:22 AM

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:$875,000
  • Price per sq. ft.:$278.13
  • Tax amount:$3,016 (2024)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than ERA Freeman & Associates, Realtors are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: August 15, 2025

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