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Investment Highlights

  • 3 Ground Floor Retail Condos
  • Two common space bathrooms
  • Ideal for Retail, Creative Office and Service

Executive Summary

Located at the prominent intersection of NW 16th Avenue and W Burnside Street, the Empress Building offers exceptional visibility and access in one of Portland’s most active urban corridors. With immediate connectivity to I-405 and MAX light rail, the property provides seamless access throughout the city and surrounding metro area.
The offering consists of three ground-floor retail condominiums within a five-story mixed-use building featuring 72 multifamily residences above, creating a built-in customer base and consistent daily foot traffic. Positioned just two blocks from Providence Park, the property benefits from event-driven activity, strong pedestrian presence, and year-round neighborhood energy.
Surrounded by established retail, dining, and dense residential development and serving nearly 55,000 residents within a one-mile radius, the Empress presents a rare opportunity to secure highly visible street-level retail space in Portland’s thriving West End/Nob Hill trade area.

Property Facts

Sale Type Investment
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class C
Lot Size 0.23 AC
Building Size 35,460 SF
Average Occupancy 30%
No. Stories 5
Year Built 1927
Zoning CX - Central Commercial

Amenities

Unit Amenities

  • Disposal
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

Site Amenities

  • On-Site Retail

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 3 - 290 - 1,541
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • R592082
  • R592038
  • R591971
  • R591975
  • R592006
  • R591987
  • R591993
  • R591968
Land Assessment
$0
Improvements Assessment
$861,910
Total Assessment
$861,910
  • Listing ID: 39648960

  • Date on Market: 3/3/2026

  • Last Updated:

  • Address: 1539-1541 W Burnside St, Portland, OR 97209

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