Rare mixed-use opportunity in Portland's Montavilla neighborhood, just east of the Montavilla business district with quick access to SE 82nd Ave and I-205. The property has 2,193 SF above grade plus a basement on a ±0.11-acre lot, with two street-facing commercial spaces and a rear 2-bedroom residential unit with an upstairs loft and basement access. Off-street parking and a large garden area/backyard complete the site. It's currently occupied under a month-to-month master lease with in-place income well below market, so the next owner has the flexibility to reposition. Well suited to a value-add investor, owner-user, or live-work buyer.
| MLS # | 222844148 |
|---|---|
| Listing Type | For Lease |
| Style | Commercial |
| Status | Active |
| Year | 1923 |
| Days On Site | 22 |
| Listing Provided By | Constant Commercial Real Estate Inc | Cory Carlson |
| SQ Feet | 2,193 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | CM2 |
| Acreage | 0.12 |
| Heating | Forced Air |
|---|---|
| Heating Yn | Yes |
| Cooling Yn | No |
| Construction Materials | Cement Siding, Stucco |
|---|
| Attached Garage Yn | No |
|---|---|
| Parking Features | Off Street |
| Property | 4160 |
|---|
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97216 |
| Listing VS Median (in 97216) | |
Price: $585,000 low | high Med: $399,990 sqft: 2,193 low | high Med: 1,636 $ / sqft: $267 low | high Med: $244 On site: 22 low | high Med: 82 | |
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97216 |
| Listing VS Median (in 97216) | |
Price: $585,000 low | high Med: $399,990 sqft: 2,193 low | high Med: 1,636 $ / sqft: $267 low | high Med: $244 On site: 22 low | high Med: 82 | |