6839 Belmont St, Portland, OR 97215-2141
- Retail space
- 5,568 SF
- 0.14 lot acres
Current Use by Public Records
- Coquine / Restaurant
Property Details for 6839 Belmont St
- Year built
- 1911
- Lot size
- 0.14 lot acres
- Zone code
- CN1
- Property type
- Retail space
- APN
- 1S2E05BA 10100
- APU
- 1S2E05BA10100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 8, 2020 | — | Franco Properties LLC | — | Deed · related | $535k · First Interstate Bank |
| Jun 1, 2017 | — | Franco Properties LLC | — | Deed · related | $600k · Frank Zolfo INC |
| Mar 12, 2013 | — | Franco Properties LLC | Zolfo,frank J JR | Quit Claim Deed · related | — |
| Aug 1, 2011 | $552,500 | Frank J Zolfo JR. | Mccuen,kenneth C | Warranty Deed | $445k · Frank SR Zolfo |
| Aug 1, 2011 | — | Kenneth C Mccuen | Mccuen Daisy E | Quit Claim Deed · related | — |
| — | — | Franco Properties LLC | — | Deed Of Trust · related | $600k · Frank Zolfo INC |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $988,000
- AI Estimate
- $988,000
Market price range: $988k - $2.40MMarket price range: $988k - $2.40M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,610,000
- COMMERCIAL (GENERAL)
- $1,605,000
- APARTMENT HOUSE (5+ UNITS)
- $1,480,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.593
- Latitude
- 45.5171
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
