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!
Sold
$870,000
9426 N Edison St, Portland, OR 97203
4beds
2,490sqft
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$349/sqft
$2,750 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: January 10, 2024 at 05:23am
Listed by:
Mack Spear 503-739-4935,
Kelly Right Real Estate of Portland, LLC
Bought with:
Melissa Dorman, 201222278
Living Room Realty
Source: RMLS (OR),MLS#: 23514518

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Mini Split
Cooling
- Heat Pump, Air Conditioning
Appliances
- Included: Refrigerator, Electric Water Heater, Gas Water Heater
- Laundry: Common Area
Features
- Storage
- Flooring: Hardwood
- Basement: Daylight,Exterior Entry,Full,Storage Space
Interior area
- Total structure area: 2,490
- Total interior livable area: 2,490 sqft
Property
Parking
- Parking features: Open, Paved
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
- Has view: Yes
- View description: City, River
- Has water view: Yes
- Water view: River
Lot
- Features: Commons, Level, Private, SqFt 5000 to 6999
Details
- Parcel number: R125049
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cedar, Wood Siding
Condition
- Year built: 1910
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Entry
Community
- Community features: Laundry
Location
- Region: Portland
- Subdivision: Cathedral Park
HOA & financial
Other financial information
- Total actual rent: 4655
Other
Other facts
- Listing terms: Cash,Contract,Conventional,FHA,Owner Will Carry,VA Loan
- Road surface type: Paved