6839 Belmont StPortland, OR 97215

This exceptional investment opportunity presents a historic three-story apartment building located at 6839 SE Belmont St, Portland, Oregon, 97215. The property, built in 1911, boasts 8,064 square feet and sits on a lot ranging from 5,000 to 6,999 square feet. Currently zoned CM1, this mixed-use building offers significant potential. The main and basement levels are leased to a commercial tenant, while two occupied residential rental units are located on the upper floors. The property includes 12 parking spaces, a valuable asset in this location. The asking price is $2,350,000, representing a price per square foot of $341. The property generates a Net Operating Income (NOI) of $123,500. The building has undergone restoration and is connected to public water. The property's location in the historic Mount Tabor neighborhood provides excellent access to amenities and transportation. The current commercial/mixed-use financing landscape may make seller financing a viable option. The Assessor's Parcel Number (APN) is R283089. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable Portland location.