Portland Commercial Investment Property For
1909 SW 6th Avenue Portland, OR 97201
1909 SW 6th Avenue, Portland, OR, 97201
$2,990,000
For Sale
$2,990,000
COMMERCIAL - Portland, OR
Property Size10,000 SF
Lot Size0.23 Acres
Price / SF$299
Days on Market665
Property Features for 1909 SW 6th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- 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
(541) 382-4123
1160 SW Simpson Ave Suite 100, Bend, OR
Listed by
Brent Theodore Barker · License #201232075
(602) 697-7769
Added: Sep 20, 2024 Checked: Jul 16 at 7:06 pm
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 commercial investment property, family-owned since 1953, is located on the NE corner of SW Hall St and SW 6th Ave in Portland, Oregon. Situated in the heart of PSU, the property benefits from high traffic and visibility, with over 200 feet of frontage. Portland State University has over 28,000 students, 6,000 professors, managers, and administrative staff. The location benefits from walking traffic to and from the various colleges, University Center, and a multi-level student parking garage across the street. The 6,500 square foot building includes valuable on-site management parking. The property is zoned CX - Central Commercial and is located in an Opportunity Zone. Currently, there is a restaurant, boutique coffee shop, and a print shop that serve the University population. The property, with a lot size of 0.23 acres, is suitable for redevelopment or as an income property with three NNN leased units. The property size is 10,000 square feet.
Key Highlights
- Prime location in the heart of PSU with high visibility and traffic.
- Triple‑net (NNN) leased units providing stable income.
- Opportunity Zone location (CX - Central Commercial).
Local Financial Insights For Specialty Retail
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 | $192.0k | $19.20 |
| − Vacancy | −$12.5k | −$1.25 |
| EGI | $179.5k | $17.95 |
| − OpEx | −$44.9k | −$4.49 |
| NOI | $134.6k | $13.46 |
10,000 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,640 @ 7.0% cap · market cap 4.50%
Second Best
Retail
$1.66M
$1.46M – $1.94M
NOI $116,550 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,577 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wild Rose Coffee
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - High-visibility commercial property near PSU with three NNN leased units.
Where is this retail space located?
The property is located at 1909 SW 6th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Prime location in the heart of PSU with high visibility and traffic.; Triple‑net (NNN) leased units providing stable income.; Opportunity Zone location (CX - Central Commercial).
