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    Versatile Commercial Property with Warehouse

    1218 N Killingsworth Street Portland, OR 97217

    1218 N Killingsworth Street, Portland, OR, 97217
    $899,000
    For Sale
    Claim this Listing
    $899,000

    COMMERCIAL - Portland, OR

    Property Size5,982 SF
    Lot Size0.14 Acres
    Price / SF$150.28
    AddedMay 14
    Days on Market63
    Last RefreshJul 15 at 11:06 pm

    Property Features for 1218 N Killingsworth Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    APN
    R210632
    Size
    5,982 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7129

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1927
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Membrane

    Listing agent Patricia Curtin License #200808002

    Listing office John L Scott Real Estate Grants Pass 705 NE 7th St, Grants Pass, OR

    Listing date May 14, 2026

    MLS# 220221399

    Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This versatile property in Portland, Oregon, features six storefront units, including a restaurant. In addition to the storefronts, the property includes a large warehouse space. The property is zoned CM3 (Commercial/Mixed Use 3), which allows for a wide range and mix of commercial and residential uses. The zoning generally allows for buildings up to six stories. The property size is 5982 square feet and the lot size is 0.14 acres.

    Key Highlights

    • Six storefront units, including a restaurant
    • Large warehouse space on the property
    • CM3 (commercial/mixed use 3) zoning allows for a wide range and mix of commercial and residential uses, generally up to six stories

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $143.6k $24.00
    − Vacancy −$14.4k −$2.40
    EGI $129.2k $21.60
    − OpEx −$48.5k −$8.10
    NOI $80.8k $13.50
    5,982 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $1.15M
    $1.01M – $1.35M (±1% cap)
    NOI $80,757 @ 7.0% cap · market cap 8.98%
    Second Best
    Specialty Retail
    $1.15M
    $1.01M – $1.34M (±1% cap)
    NOI $80,542 @ 7.0% cap · market cap 8.96%
    Theoretical Best
    Office A
    $1.68M
    $1.47M – $1.96M (±1% cap)
    NOI $117,593 @ 7.0% cap · market cap 13.08%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Future Bar Bar & Pub

    Suggested Use

    Law Firm HVAC Service Electrical Service Auto Parts Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Nursing Home (Bike/Boat/Book/etc) Store Nursing Home Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring storefronts, restaurant, and warehouse space.
    Where is this mixed-use property located?
    The property is located at 1218 N Killingsworth Street Portland, OR.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Six storefront units, including a restaurant; Large warehouse space on the property; CM3 (commercial/mixed use 3) zoning allows for a wide range and mix of commercial and residential uses, generally up to six stories
    Contact an agent
    (541) 292-0433
    We can help!
    Contact an agent
    Patricia Curtin
    Real Estate License ID: 200808002
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