NNN Property with Three Leased
For Sale
$2,400,000
1909 SW 6th Avenue, Portland, OR 97201
Commercial Sale, Portland, OR
Property Size10,000 SF
Lot Size0.23 Acres
Price / SF$240
Days on Market756
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Property Features for 1909 SW 6th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CX
Parking features
Assigned
Standard status
Active
APN
R246361
Size
10,000 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
32286
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Floors in Building
2
Number of units
2
Building materials
Block, Concrete, Frame
Roof type
Asphalt
Listing Agency:
Coldwell Banker Bain · Coldwell Banker Real Estate
(541) 382-4123
Listed By:
Brent Theodore Barker · License #201232075
(602) 697-7769
Added: Sep 20, 2024
Changed: Oct 2
Last Checked: Oct 15 at 3:06PM
MLS# 220193913
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 NNN property contains a 6,500-square-foot commercial building completed in 1953, with three leased units currently occupied by a restaurant, boutique coffee shop, and print shop. The improvements use block, concrete, and frame construction and include central air, forced-air heating, an asphalt roof, assigned parking, and on-site management parking. Public water and sewer serve the property.
The property occupies approximately 0.23 acres at the northeast corner of SW Hall Street and SW 6th Avenue in Portland. It has over 200 feet of frontage and sits near Portland State University, whose campus includes more than 28,000 students and 6,000 professors, managers, and administrative staff. A multi-level student parking garage is located across the street, and the surrounding university setting supports pedestrian movement to colleges and the University Center.
The site is designated CX - Central Commercial and is located within an Opportunity Zone. Existing leases are structured as NNN arrangements.
The property occupies approximately 0.23 acres at the northeast corner of SW Hall Street and SW 6th Avenue in Portland. It has over 200 feet of frontage and sits near Portland State University, whose campus includes more than 28,000 students and 6,000 professors, managers, and administrative staff. A multi-level student parking garage is located across the street, and the surrounding university setting supports pedestrian movement to colleges and the University Center.
The site is designated CX - Central Commercial and is located within an Opportunity Zone. Existing leases are structured as NNN arrangements.
Key Highlights
- Three NNN leased units occupied by a restaurant, boutique coffee shop, and print shop
- Over 200 feet of frontage at the northeast corner of SW Hall St and SW 6th Ave
- 6,500‑square‑foot commercial building completed in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,640
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,692,800
$2.7M
Cap Rate 7%
$1,923,429
$1.9M
Cap Rate 9%
$1,496,000
$1.5M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$192.0K $19.20/SF
− Vacancy
−$12.5K −$1.25/SF
EGI
$179.5K $17.95/SF
− OpEx
−$44.9K −$4.49/SF
NOI
$134.6K $13.46/SF
Area
Portland, OR
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,692,800
Cap Rate 7%
$1,923,429
Cap Rate 9%
$1,496,000
Alternative Uses
Best Use
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,640 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,577 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,758
Businesses Nearby
Explore this area
Business Placement
Demographics for 97201, OR
17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Portland, OR
Frequently Asked Questions
What type of property is this?
NNN property - Three leased suites support restaurant, coffee shop, and print shop uses near Portland State University.
Where is this nnn property located?
The property is located at 1909 SW 6th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Three NNN leased units occupied by a restaurant, boutique coffee shop, and print shop; Over 200 feet of frontage at the northeast corner of SW Hall St and SW 6th Ave; 6,500‑square‑foot commercial building completed in 1953
