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Data Last Updated: 09/20/2026 16:18 PT
$395,000
26 days on marketOriginally$500,000-21%
2,166 sqft
$2,050 principal & interest + $610 taxes
Estimate assumes a 6.75% 30-year fixed rate. Not a quote or pre-qualification.
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Your local expert: Nate Brantley
A hidden gem in the rough with real flexibility. Situated on an approximately 13,504 SF lot, this property features an existing 2,166 SF, two-level office building with basement, originally built in 1957 and updated over the years with a more modern look and feel. Previously used as an accounting firm and now vacant, the building needs some TLC but offers a solid opportunity for an owner-user or investor. The property was historically zoned commercial before being rezoned prior to annexation into the City of Portland. The existing office use is currently being maintained as a nonconforming use, providing a potential path for a buyer who wishes to continue using the property as an office. Prefer redevelopment The property is currently zoned RM1, creating potential for duplex, fourplex or other multifamily development. Buyer to perform their own due diligence with the City of Portland regarding development potential and permitted uses. Located near PDX Airport with convenient access to major transportation routes, shopping, dining and surrounding amenities. Whether you are looking for an office, investment property or redevelopment opportunity, this property gives you options and the flexibility to choose the direction that works for you.
Legal description
PARKROSE & RPLT, BLOCK 11, LOT D EXC PT IN ST
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