1120 SW BROADWAY DR, Portland, OR 97201
- $789,000
- List Price
- $789,000
- Price Change
- ▼ $61,000 1783546921
- Days on Market
- 322
- MLS#
- 374309510
- Property Type
- Multifamily
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Portland NW/ SW/ S, Raleigh Hills
- Status
- ACTIVE
Property Description
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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Additional Information
- Tax Amount
- $6,463
- Year Built
- 1904
- High School
- Lincoln
- Elementary School
- Ainsworth
- Middle School
- West Sylvan
- Acres
- 0.17
- Stories
- 3
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity, Gas
- Heating Description
- Baseboard, Forced Air
- Hoa Rent Includes
- Electricity, Heat, Sewer, Trash Collection, Water
- Hot Water Description
- Tank
- Exterior Description
- Vinyl Siding
- Roof Type
- Composition
- Sewer Description
- Septic Tank
- View
- Park/Greenbelt, Trees/Woods, Valley
- Parking
- On Street
- Security Or Entry
- None
- Parking Description
- On Street
- Road Surface
- Paved
- Number Of Units Total
- 3
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 2265
- Unit Type One Sq Ft
- 874
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 1650
- Unit Type Three Sq Ft
- 515
- Unit Type Three Units Total
- 1
Mortgage Calculator
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 © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.