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716-718 NW 21st Ave
Portland, OR 97209
Retail Property For Sale
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
2,634 SF
Building Class
C
Year Built
1951
Price
$1,250,000
Price Per SF
$474.56
Cap Rate
6.66%
NOI
$83,265
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.76
Lot Size
0.08 AC
Zoning
C2
Frontage
33’ on NW 21st Ave
Amenities
- Bus Line
- Signage
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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