$850000

Price cut: $25K (09-10-2025)

6 Bed
2 Bath
3146 SqFt
90 DOM
Built: 1909
Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

$25,000 PRICE REDUCTION! Zoning allows for up to *9 units*! There are TWO POTENTIAL ASSETS HERE: The duplex alone is valued at $650K-$700K. With current rents, the CAP RATE is over 6%! Split the lot & sell (valued at $250K-$350K, depending on size and configuration) 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 directions to parks, libraries, transit & freeways. 9 min drive to Downtown PDX. Currently a 9,000 SF corner lot with alley access = INCREDIBLE DEVELOPMENT POTENTIAL up to 9 UNITS! Check out Lot/Land listing #317438603. Builder's Packet available upon request. Buyer to do their due diligence. Tenant Occupied -- PLEASE DO NOT DISTURB.

Listing Provided Courtesy of E. Wren Shiffler, Realty Works Group

General Information

MLS #190351402
Type
Days on Market 90 DOM
Beds6
Lot Size
Baths2
SqFt3146
Year built1909
ZoningRM1
CountyMultnomah
Tax IDR223729
ElemBoise-Eliot 1/10
MiddleHarriet Tubman 1/10
HighJefferson
PropCategoryMultiFamily
PropType
Neighborhood (Legal)MULTNOMAH, BLOCK 28, S 40' OF LOT 11, LOT 13

Listing Provided Courtesy of E. Wren Shiffler, Realty Works Group

Krishna Realty data last checked: Sep 24, 2025 03:49 | Listing last modified Sep 22, 2025 15:23, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt3146
SFSrc
TotUp/Mn
Fireplaces
Bdrms6
Full Bath
Partial Bath
Total Bath2
RoofComposition
Garage
Style
ParkingOnStreet
Levels3
Year Built1909
Green CertNo
Energy EffAddedWallInsulation,DoublePaneWindows,ENERGYSTARQualifiedAppliances,InsulationandCeilingInsulation,M
ExteriorLapSiding
Bsmt/FndFullBasement
RV
URM
BasementFullBasement
FoundationConcretePerimeter
Windows
Amenities

Features and Utilities

Living
Kitchen
Interior
Exterior
Accessibility
CoolMiniSplit
WaterTank
HeatDuctless, MiniSplit, WallHeater
SewerPublicSewer
Hot WaterTank
FuelElectricity

Financial

PTax/Yr3016.39
HOA0
HOA InclSewer,Water
HOA Fee
Other Dues
Terms ConsideredCash,Conventional
List Date06-24-2025
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 90
CDOM 92
Sold Date
TermsCash,Conventional
Original Price$895,000
List Price$850,000
Sold Price
Last ModifiedSep 22, 2025 15:23

Schools

public Elementary : Boise-Eliot 1/10 Ratings

public Middle : Harriet Tubman 1/10 Ratings

High : Jefferson N/A Ratings

Map

Listing courtesy of Realty Works Group.

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 © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Sep 24, 2025 03:49 | Listing last modified Sep 22, 2025 15:23. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

1115 1117 N Beech ST