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Listed by NextHome Realty Connection
$ 1,270,000
Est. payment | /mo
4,058 SqFt
$ 1,270,000
Est. payment | /mo
4,058 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,058 sqft
Price per Sqft $312
Subdivision Roseway
MLS Listing ID 236588763
Year Built 1925
Annual Tax Amount $12,993
Tax Year 2024
Lot Size 10,454 Sqft
Property Description
2 commercial and 5 residential units. Cap rate 6.0%. Fully-occupied investment property offering strong cash flow with clear upside potential. Flexible tenant mix — property supports both residential and commercial uses, maximizing leasing opportunities and long-term income. Prime CM2 zoning with 45-foot height limit and up to 4:1 FAR allows future owners to explore multiple highest and best use options. Corner lot on a major thoroughfare — prime candidate for future redevelopment. Excellent location on NE Sandy Blvd, providing direct access to Downtown Portland, PDX Airport, MODA Center, and key employment and consumer hubs. Located just off Sandy Blvd with over 11,000 vehicles passing daily, this site offers excellent visibility and high traffic, making it ideal for a mixed-use commercial and residential property. The location ensures strong access for both businesses and residents.
Location
State OR
County Multnomah
Area _142
Zoning CM2
Rooms
Basement Daylight
Interior
Heating Forced Air
Exterior
Roof Type Composition
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Rose City Park
Middle Schools Roseway Heights
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Tamiko K Warren
Principal Broker | Owner | Lic# 200210172