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Historic Nob Hill Commercial Asset

1133 NW 21st Ave, Portland, OR 97210

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For Sale

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Classic 1892 building in desirable Northwest District location.

Type:Mixed Use, Office, Retail

Property size:

6,750 SF

Lot size:

0.11 Acres

Price / SF:

$162/SF

HighLights

Prime location in the heart of NW 21st Avenue retail corridor in the desirable Nob Hill / Northwest District.
Rare off‑street surface parking in a high‑density area.
Historic late‑19th‑century building with architectural character.
Flexible interior space suitable for owner‑user, boutique office, or creative firm.
Multi‑level structure (3 levels + basement) with ±6,750 SF building size.
Not on the National Historic Registry, offering freedom from associated restrictions.

We can help!

Contact an agent

Steven Hunker, CCIM

For Sale

Contact for pricing

Classic 1892 building in desirable Northwest District location.

Type:Mixed Use, Office, Retail

Property size:

6,750 SF

Lot size:

0.11 Acres

Price / SF:

$162/SF

Added:: Feb 24, 2026
Days on Market:: 125
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 1133 NW 21st Ave

General Information

Standard status: Active
Size: 6,750 SF
Lot size: 0.11 Acres
Property subtype: Mixed Use, Office, Retail

Building Details

Year Built: 1892

We can help!

Contact an agent

Steven Hunker, CCIM

Listing office Fuller Group

Listing date Feb 24, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Fuller Group

HighLights

Prime location in the heart of NW 21st Avenue retail corridor in the desirable Nob Hill / Northwest District.
Rare off‑street surface parking in a high‑density area.
Historic late‑19th‑century building with architectural character.
Flexible interior space suitable for owner‑user, boutique office, or creative firm.
Multi‑level structure (3 levels + basement) with ±6,750 SF building size.
Not on the National Historic Registry, offering freedom from associated restrictions.

Overview

Located along one of Portland’s most iconic urban corridors, the property at 1133 NW 21st Avenue presents an opportunity to acquire a historic commercial asset in the Nob Hill / Northwest District. Constructed in the late 19th century, this multi-level structure (3 levels plus basement) offers architectural character combined with flexible interior space. The building contains approximately 6,750 square feet and is situated on a lot of approximately 5,000 square feet. The property includes off-street surface parking. It is located in the heart of the NW 21st Avenue retail corridor and is suited for an owner-user, boutique office, or creative firm. Although historic, this property is not on the National Historic Registry. The building was built in 1892.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$162.0k	$24.00
− Vacancy	−$16.2k	−$2.40
EGI	$145.8k	$21.60
− OpEx	−$54.7k	−$8.10
NOI	$91.1k	$13.50

6,750 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,125 @ 7.0% cap · market cap 8.28%

Second Best

Office B

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,377 @ 7.0% cap · market cap 7.94%

Theoretical Best

Office A

$1.90M

$1.66M – $2.21M (±1% cap)

NOI $132,690 @ 7.0% cap · market cap 12.06%

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

Property Profile Location Intelligence

Current Use by Public Records

Luahna Ude, PhD Physician Nichols Mary Lee ... Physician Marney Hoffman, PhD Counselor Dr. Robert Poe Physician Strybig House Physician

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.6949115
Latitude: 45.531133

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For sale
Mixed-use properties
OR
Portland
97210
1133 NW 21st Ave

What type of property is this?

Mixed-use property - Classic 1892 building in desirable Northwest District location.

Where is this mixed-use property located?

The property is located at 1133 NW 21st Ave Portland, OR.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Prime location in the heart of NW 21st Avenue retail corridor in the desirable Nob Hill / Northwest District.; Rare off‑street surface parking in a high‑density area.; Historic late‑19th‑century building with architectural character.