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  • $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

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    $2,750/mo

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    $2,750/mo

    Rent Zestimate®

    Refinance and save

    $5,174/mo

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    $5,174/mo

    Est. payment

    What's special

    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!

    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#: 23514518MLS Logo

    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