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Property profile

1035 Northrup St C3 Portland, OR 97209

OFF-MARKET
Other commercial real estate
Property ID
US71-1587944
920 SF Built 2017
Last sale Nov 2018 · $3,504,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This property is a 7,876 square-foot retail condominium located in Portland’s Pearl District. It is part of a mixed-use portfolio known as The Blocks, which includes 10 buildings and approximately 94,000+ square feet of retail space. The retail space has historically included tenants Tea Bar and Pizzicato, each having occupied the premises since 2016, and the property has an occupancy level of about 45%. The surrounding area features a significant residential condominium population, with approximately 1,200 nearby residential condo units in the district.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$212k
Effective rate2.61%

Value estimate

· Oct 2026
$370k
$333k – $407k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$333/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$214 – $443
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.0
Daycare Center7.2
Tanning Salon7.1

Location

1035 Northrup St, Unit C3 Portland, OR 97209-3017
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Portland, OR 97209 $390,000 Dec 2025 No data
Portland, OR 97209 $315,000 Dec 2025 No data
Levy Code, Portland, OR 97209 $575,000 Nov 2025 No data
Levy Code, Portland, OR 97209 $290,000 Aug 2025 No data
Levy Code, Portland, OR 97209 $242,000 Jul 2025 No data
1830 Riverscape, Portland, OR 97209-1839 $165,000 Apr 2025 714 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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