By Melissa Dorman, August 11, 2023
9426 N EDISON ST
Portland, OR 97203
This meticulously-maintained Craftsman 4-Plex is an exceptional income-generating opportunity offering stunning views of the river and Saint John’s Bridge! Nicely situated on a tranquil street in the highly sought-after Cathedral Park neighborhood, you’ll be just a few blocks from the lovely Cathedral Park, wonderful Willamette River, and the beautiful St. John’s bridge! Currently occupied by excellent month-to-month tenants, two units are rented at market rates, while the remaining two units have significant potential for increased rental income. Recent remodeling work has been completed within the past year. The backyard is meticulously managed and adorned with specialty trees, plants, and a delightful shared garden.For those seeking an investment with scale-up potential, this expansive daylight basement is a standout feature. Boasting a spacious open floor plan, generously high ceilings, and a separate exterior entrance. The basement is currently used for tenant-allocated storage units and laundry, but it holds an abundance of untapped potential for added living space.Moreover, the second entry to Unit #2 presents an enticing opportunity to incorporate an extra bedroom with its own private entrance. Additionally, the unfinished attic provides further potential for expanding the existing upstairs living areas. Whether you’re an investor or looking for an owner-occupied opportunity, seize your chance to make this amazing investment property your own.
4 BEDROOM | 4 BATH | 2,160 sqft
08/10/2023 | $870,000
Melissa Dorman
Broker | OR & WA
She/Her
Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business.
It was there she discovered her passion for financial education as a means of empowering people to move out of poverty. After graduating from UCLA with a Masters, Melissa spent 5 years working as a Social Worker; assisting clients facing homelessness, in jail, or at a psychiatric facility.
As much as she loved the work, imagining saving for retirement on the meager salary of a social worker was becoming grim. That's when Melissa discovered "passive income." In no time, she fell in LOVE with real estate as a vehicle for wealth. Soon after, Melissa began locating off-market multi-family properties to purchase through creative financing strategies and win-win opportunities. Two years into investing, Melissa quit her day job as a Social Worker to become a full-time broker and investor. Initially, she was drawn to people in difficult circumstances, so she developed extensive experience assisting families facing foreclosure, short sales, and probate. Melissa is well versed in helping her clients overcome complex real estate challenges.
Currently, Melissa is teamed up with Super Broker, Yascha Noonberg at Living Room Realty. Together they assist clients to achieve their real estate dreams, including how to strategically buy and sell a personal residence to maximize profits. Far from the slums of Kolkata, her greatest passion now is empowering other working professionals to develop passive forms of income through buying multi-family properties in Portland.
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- T: 503-567-4697
- melissa@livingroomre.com
