6839 Belmont St Portland, OR 97215-2141
- Retail space
- 5,568 SF
- 0.14 lot acres
Current Use by Public Records
- Coquine / New American Restaurant / Restaurant
Property Details for 6839 Belmont St
- Year built
- 1911
- Lot size
- 0.14 lot acres
- Property size
- 5,568 SF
- Zone code
- CN1
- Property type
- Retail space
- APN
- 1S2E05BA 10100
- APU
- 1S2E05BA10100
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 Estimation
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CAP approach
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Comparable approach
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Alternative Use
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
