Remodeled Legal Triplex with Vacant
For Sale
$850,000
1120 Southwest Broadway Drive, Portland, OR 97201
Three fully remodeled units with in-unit washer/dryers and quartz countertops, plus an included adjacent vacant lot.
Property Size515 SF
Price / SF$1,650
Days on Market345
Property Features for 1120 Southwest Broadway Drive
General Information
Standard status
Active
Size
515 SF
Property subtype
Multi Family
Zoning
R10
Taxes and HOA fees
Annual Taxes
$6,463
Amenities
Fiber Optics
3
Daylight
Slab
Composition
Vinyl Siding
Building Details
Year Built
1904
Listing Agency:
Richard Ballew Realty
(360) 607-1934
Listed By:
Mark Jackson · License #121417
(360) 607-1934
Source:
Compass
Added: Sep 10, 2025
Changed: Aug 14
Last Checked: Aug 14 at 7:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Richard Ballew Realty
Investment Insights
Based on property information with market context.
Located at 1120 Southwest Broadway Drive in Portland, this is a legal tri-plex offered for sale. The property features three fully remodeled units, updated with quartz countertops and new flooring throughout, along with new electrical meters. Washer and dryers are provided in all three units. Unit 1 (top) includes LVP flooring, barn doors, updated kitchen cabinets, quartz countertops, stainless steel appliances, LED lighting, and a microwave, with a new toilet. Unit 2 (middle) has LVP flooring, kitchen cabinets, quartz countertops, barn doors, stainless steel appliances, and LED lighting, with a bath reported as approximately 6 years new. Unit 3 (lower) has new carpet/tile, updated appliances (no dishwasher), and includes a washer and dryer, with an Acacia wood kitchen countertop.
The listing notes the property offers a view and is close to downtown, with OHSU reportedly closer. A cap rate of 6.83% is cited in the remarks, and property taxes are listed at $6,214.72.
The sale includes an adjacent vacant lot, with the vacant land described as optioned to be purchased separately or bundled together with the triplex.
The listing notes the property offers a view and is close to downtown, with OHSU reportedly closer. A cap rate of 6.83% is cited in the remarks, and property taxes are listed at $6,214.72.
The sale includes an adjacent vacant lot, with the vacant land described as optioned to be purchased separately or bundled together with the triplex.
Key Highlights
- Legal tri‑plex with 3 fully remodeled units generating a 6.83% cap rate (per public remarks).
- Updates include quartz countertops, high‑end LVP flooring, and stainless steel appliances across the units.
- Washer and dryers provided in all three units for added convenience.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,999
Businesses Nearby
Explore this area
Business Placement
Demographics for 97201, OR
17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three fully remodeled units with in-unit washer/dryers and quartz countertops, plus an included adjacent vacant lot.
Where is this triplex located?
The property is located at 1120 Southwest Broadway Drive Portland, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Legal tri‑plex with 3 fully remodeled units generating a 6.83% cap rate (per public remarks).; Updates include quartz countertops, high‑end LVP flooring, and stainless steel appliances across the units.; Washer and dryers provided in all three units for added convenience.
