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716-718 NW 21st Ave 4,440 SF 100% Leased Retail Building Portland, OR 97209 $1,250,000 ($281.53/SF) 6.66% Cap Rate
Executive Summary
Fully leased mixed-use investment property located in a highly desirable corridor on NW 21st Ave
Ground floor features a retail restaurant with a long-term lease in place, providing stable and consistent income
Upper level consists of a well-maintained duplex with strong rental history
100% occupied with reliable tenants across both residential and commercial units
Low maintenance asset with minimal operating expenses
Situated in a prime, high-foot-traffic area with strong surrounding retail and residential demand
Turnkey investment opportunity with immediate cash flow
Ideal for investors seeking a stable, income-producing property in one of Portland’s most sought-after neighborhoods
Ground floor features a retail restaurant with a long-term lease in place, providing stable and consistent income
Upper level consists of a well-maintained duplex with strong rental history
100% occupied with reliable tenants across both residential and commercial units
Low maintenance asset with minimal operating expenses
Situated in a prime, high-foot-traffic area with strong surrounding retail and residential demand
Turnkey investment opportunity with immediate cash flow
Ideal for investors seeking a stable, income-producing property in one of Portland’s most sought-after neighborhoods
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,440 SF
Building Class
C
Year Built
1951
Price
$1,250,000
Price Per SF
$281.53
Cap Rate
6.66%
NOI
$83,265
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.27
Lot Size
0.08 AC
Zoning
C2
Frontage
33’ on NW 21st Ave
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Abbie Bar
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Abbie Bar | Accommodation and Food Services | - | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R141233 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $377,640 |
Property Taxes
Parcel Number
R141233
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$377,640
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716-718 NW 21st Ave
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