Courtesy of Stellar Realty Northwest

Incredible Value-Add Potential! This impeccably maintained 4-plex is located in a rapidly growing neighborhood, with select units offering breathtaking views of the iconic St. Johns Bridge and Forest Park. The building blueprint spans 6,384 sq ft across three stories, with each level measuring 2,128 sq ft. Each 2-bedroom, 1-bath unit offers 1,078 sq ft of living space, w/generously sized closets, large windows, and private balconies for abundant natural light. The open floor plan includes a kitchen with a breakfast bar and modern amenities such as in-unit washers and dryers, along with secured entry via a coded keypad. Each unit comes with an assigned garage space and a large, secured storage unit for added convenience.Situated on a corner lot in one of Portland's most desirable neighborhoods, this property boasts a Walk Score of 90 and a Bike Score of 71. Just minutes from the University of Portland, top-rated schools, and the scenic Cathedral Park, it provides easy access to Forest Park's extensive trails, ideal for outdoor enthusiasts. Nearby, you'll find shopping at New Seasons Market, Fred Meyer, and Safeway, along with downtown St. Johns' local boutiques, coffee shops, vibrant dining scene, eclectic art galleries, live music, and a neighborhood farmers' market--there's always something happening around the corner. Major employers such as Adidas and Daimler are nearby, with convenient access to highways and public transportation.The main level offers conversion and development potential worth exploring. The main level, currently utilized as 4 garage spaces and 5 huge secured storage rooms, presents significant development potential. With new FAR regulations, there is an opportunity to expand and add additional units, unlocking greater profitability. Investors are encouraged to explore this potential for increased returns, and buyers and their agents are advised to conduct due diligence on this exciting opportunity. 100% occupancy rate with long-term tenants.