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$850,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago
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CAP RATE OF 6.83. FULLY REMODELED UNITS THAT RENT QUICKLY AND HAVE LOW TAXES, A REAL INCOME PRODUCER...This is a legal tri-plex. Quartz countertops, high end LVP flooring, new electrical meters, all with a view. This is the income property you've been looking for. WASHER AND DRYERS PROVIDED IN ALL THREE UNITS. No amount of superlatives can fully describe the Marquam Park location, its views, and abundant wildlife....all CLOSE TO DOWNTOWN WITH OHSU CLOSER. Updates include Unit 1(top): LVP flooring/Barn doors/Kitchen Cabinets/Quartz countertops/SS appliances/LED lighting/Microwave, new toilet Unit 2(middle): LVP flooring/Kitchen Cabinets/Quartz countertops/Barn Doors/SS Appliances/LED lighting/bath 6 years new(fridge in this unit is white in pics but is now stainless), Unit 3(lower) with New Carpet/tile/appliances(no dishwasher)/washer & dryer/Acia wood kitchen countertop....Remarkable rent history typified by the latest rental of unit 'A'...50 inquiries in 72 hours...it had to be shut down...Taxes are low at $6,214.72. "Rare Investment Opportunity - Triplex with Adjacent Vacant Lot Included at the right price...."...The vacant land is optioned to be purchased separately or bundled together.... MOTIVATED SELLER! BRING ALL OFFERS....

Full Property Details for 1120 SW Broadway Dr

General

  • Price: $850,000
  • Taxes: $6,463 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 374309510
  • Updated: 4/4/2026
  • Added to Site: 207 day(s) ago

Rental Information

  • Rent Includes: Electricity, Heat, Sewer, Trash Collection, Water

Additional Information

  • Security/Safety: None

Parking

  • Parking Features: On Street

Location

  • County: Multnomah
  • Driving Directions: South on SW Broadway Dr from downtown PDX up the hill property on left

School Information

  • Elementary School: Ainsworth
  • Middle School: West Sylvan
  • High School: Lincoln

Community

  • Community Name: 148 - Portland NW/ SW/ S, Raleigh Hills

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Forced Air
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Septic Tank
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Daylight
  • Roof: Composition
  • Stories/Levels: 3
  • Year Built: 1904
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,405
  • Lot Size: 7, 000 to 9, 999 SqFt
  • Frontage: Paved
  • Lot Features: Green Belt, Public Road, Sloped, Trees, Wooded

Financial Considerations

  • Operating Expenses: $12,228
  • Tax Amount: $6,463.17
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: SECTION 09 1S 1E, TL 4000 0.17 ACRES
  • Property ID: R327777

Listed by Richard Ballew Realty (503) 314-6150, Mark Jackson (360) 607-1934

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Listing agent

— 1120 SW Broadway Dr —

  • Mark Jackson

    Richard Ballew Realty

    503-314-6150

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1120 SW Broadway Dr

School District:Portland School District 1j
NameGradesDistance
Ainsworth Elementary School
2425 Southwest Vista Avenue, Portland, OR 97201
K-50.5 mi
West Sylvan Middle School
8111 Southwest West Slope Drive, Portland, OR 97225
6-83.3 mi
Lincoln High School, Portland, OR
1750 Southwest Salmon Street, Portland, OR 97205
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1120 SW Broadway Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/23/2025
Price Reduced
$850,000
-5.45%
MLS
9/10/2025
Listed
$899,000
89.26%
MLS
3/15/2021
Sold
$475,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1120 SW Broadway Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,704
4%
$249,040
3%
2024
$6,463
4%
$241,790
3%
2023
$6,215
4%
$234,750
6%
2021
$5,978
-2%
$221,290
-3%
2022
$6,080
2%
$227,920
6%
2021
$5,978
18%
$214,853
8%
2019
$5,058
3%
$199,760
3%
2018
$4,909
4%
$193,950
3%
2017
$4,706
9%
$188,310
3%
2016
$4,306
3%
$182,830
3%
2015
$4,193
2%
$177,510
3%
2014
$4,130
2%
$172,340
3%
2013
$4,034
—
$167,330
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Richard Ballew Realty (503) 314-6150, Mark Jackson (360) 607-1934

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1120 SW Broadway Dr, Portland, OR 97201 (MLS# 374309510) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 1120 SW Broadway Dr is currently listed for $850,000 and was received on September 10, 2025. Want to learn more about 1120 SW Broadway Dr? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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