Portland, OR 97035,9426 N EDISON ST
Portland, OR 97035,9426 N EDISON ST
Portland, OR 97035,9426 N EDISON ST
Portland, OR 97035,9426 N EDISON ST
Portland, OR 97035,9426 N EDISON ST
Portland, OR 97035,9426 N EDISON ST
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Listed by Kelly Right Real Estate of Portland, LLC
Bought with Living Room Realty

$870,000

$856,999

1.5%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 08/08/2023

Key Details

Sold Price $870,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Cathedral Park

MLS Listing ID 23514518

Sold Date 08/08/23

Year Built 1910

Annual Tax Amount $6,379

Tax Year 2022

Property Description

Attention investors and owner-occupied investors! This meticulously-maintained Craftsman 4-Plex is an exceptional income-generating opportunity offering stunning views of the river and Saint John's Bridge! Nicely situated on a tranquil street in the highly sought-after Cathedral Park neighborhood, you'll be just a few blocks from the lovely Cathedral Park, wonderful Willamette River, and the beautiful St. John's bridge! Currently occupied by excellent month-to-month tenants, two units are rented at market rates, while the remaining two units have significant potential for increased rental income. Recent remodeling work has been completed within the past year. The backyard is meticulously managed and adorned with specialty trees, plants, and a delightful shared garden.For those seeking an investment with scale-up potential, this expansive daylight basement is a standout feature. Boasting a spacious open floor plan, generously high ceilings, and a separate exterior entrance. The basement is currently used for tenant-allocated storage units and laundry, but it holds an abundance of untapped potential for added living space.Moreover, the second entry to Unit #2 presents an enticing opportunity to incorporate an extra bedroom with its own private entrance. Additionally, the unfinished attic provides further potential for expanding the existing upstairs living areas. Whether you're an investor or looking for an owner-occupied opportunity, seize your chance to make this amazing investment property your own. The owner may carry with a substantial down payment?contact the realtor for details!

Location

State OR

County Multnomah

Community Laundry

Area _141

Zoning R5

Rooms

Basement Daylight, Exterior Entry, Full Basement

Interior

Heating Mini Split

Cooling Heat Pump

Exterior

Community Features Laundry

View Y/N true

View City, River

Garage No

Building

Lot Description Commons, Level, Private

Sewer Public Sewer

Water Public Water

Schools

Elementary Schools Other

Middle Schools Other

High Schools Other

Others

Acceptable Financing Cash, Contract, Conventional, FHA, OwnerWillCarry, VALoan

Listing Terms Cash, Contract, Conventional, FHA, OwnerWillCarry, VALoan

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Regional Multiple Listing Service (RMLS)

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Ted Tanner

Principal Broker | Lic# 201210644

+1(503) 828-7839

1915 NE Stucki Ave. Suite 250, Hillsboro, OR, 97006

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