1603 SE 12TH AVE, Portland, Multnomah County, OR, 97214 Portland OR US

Portland's historic and vibrant Ladd's Addition neighborhood situated between Division and Hawthorne, where investment opportunities abound. This exceptional 4-plex multi-family property presents a unique chance to own prime real estate in PDX. These 200sf private porches provide the perfect retreat to relax and unwind amidst the urban buzz. Each unit is 1,250sf, has 2 bdrms and 1 bath, communal basement w/laundry room, storage areas, and off street parking, accommodating various lifestyle needs. These units received a $433,000 remodel & restoration in 2019 including new electrical, fire sprinkler system, plumbing, sewer, and roof. The convenience of off-street parking adds an extra layer of comfort to this investment gem. No more circling the block for parking spots. Ladd's Addition, known for its charming tree-lined streets and historic architecture, this property benefits from a prime location. With a walk score of 95 and a bike score of 100! Next door is Teote House Cafe and across the street is Upper Level Roasters while being just a stones throw away from a plethora of options including The Hawthorne District, renowned for its eclectic mix of boutiques, restaurants, cafes, & entertainment venues. From trendy shops to local breweries and art galleries, residents have a plethora of options to explore and experience the vibrant culture of Portland. Investing in this 4-plex multi-family property offers not only a chance to generate steady rental income but also the potential for long-term appreciation. With its desirable location, spacious units, and off-street parking. This investment property presents a compelling opportunity for savvy investors seeking to make their mark in the flourishing Portland real estate market and with this property being zoned RM2D high density, it has room for future development and investment gain. Find out more about this property. Request details here