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Listing provided courtesy of Richard Ballew Realty- MLS# 374309510MLS Provider

1120 SW BROADWAY DRPortland, OR 97201

Multi-Family · 0.17 Acres
$850,000 Active

1120 SW BROADWAY DR Overview

Time on Site:
286 days
Visits:
0

CAP RATE OF 6.83. FULLY REMODELED UNITS THAT RENT QUICKLY AND HAVE LOW TAXES, A REAL INCOME PRODUCER...This is a legal tri-plex. Quartz countertops, high end LVP flooring, new electrical meters, all with a view. This is the income property you've been looking for. WASHER AND DRYERS PROVIDED IN ALL THREE UNITS. No amount of superlatives can fully describe the Marquam Park location, its views, and abundant wildlife....all CLOSE TO DOWNTOWN WITH OHSU CLOSER. Updates include Unit 1(top): LVP flooring/Barn doors/Kitchen Cabinets/Quartz countertops/SS appliances/LED lighting/Microwave, new toilet Unit 2(middle): LVP flooring/Kitchen Cabinets/Quartz countertops/Barn Doors/SS Appliances/LED lighting/bath 6 years new(fridge in this unit is white in pics but is now stainless), Unit 3(lower) with New Carpet/tile/appliances(no dishwasher)/washer & dryer/Acia wood kitchen countertop....Remarkable rent history...Taxes are low at $6,214.72. Rare Investment Opportunity - Triplex with Adjacent Vacant Lot Included at the right price.......The vacant land is optioned to be purchased separately or bundled together.... MOTIVATED SELLER! BRING ALL OFFERS....

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1120 SW BROADWAY DR Facts & Features

  • Type Multi-Family
  • Lot 0.17 Acres

Details

General

School Information

  • Elementary School: Ainsworth
  • Middle Or Junior School: West Sylvan
  • High School: Lincoln

Income/Expenses

  • Gross Income: 52260.0
  • Gross Scheduled Income: 72060.0
  • Net Operating Income: 58032.0
  • Operating Expense: 12228.0

Building Information

  • Year Built: 1904

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 148 - Portland NW/ SW/ S, Raleigh Hills

Rent/Lease Information

  • Rent Includes: Electricity,Heat,Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 6463.17
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R327777
  • Property Condition: Updated/Remodeled
  • Property Type: Multi Family
  • Zoning: R10

Interior

Parking Information

  • Garage Spaces: 0

Building Interior

  • Building Area Total: 0

General Information

  • Basement: Daylight
  • Cooling: None
  • Foundation Details: Slab
  • Heating: Baseboard,Forced Air
  • Security Features: None
  • Stories: 3

Exterior

Parking Information

  • Parking Features: On Street
  • Parking Total: 0

Lot Information

  • Lot Features: Green Belt,Public Road,Sloped,Trees,Wooded
  • Lot Size Acres: 0.17
  • Lot Size Square Feet: 7405.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 3
  • Sewer: Septic Tank

1120 SW BROADWAY DR Neighborhood

Community

97201 (Portland) Demographics

32
Median Age
8,080
Population Density (per sq. mile)
74%
College Educated
$58,850
Estimated Median Income
2,589
Estimated Total Home Owners
6,721
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1120 SW BROADWAY DR Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1120 SW BROADWAY DR Market Data

Based on the last 30 days in this zip code

$821,535
Average List Price
$376
Average Price per Square Foot
18
Properties Sold
149
Average Days on Market
161
Properties for Sale
Calculations provided by Reliance Network

1120 SW BROADWAY DR History

Date Event Value Agent
10/23/2025Source: Regional MLS Price Reduction
$850,000 -5.5%
9/16/2025Source: Regional MLS Added to Database
September 16, 2025