Versatile Mixed-Use Property For
2901 SE 122ND, Portland, OR 97236
Charming property with flexible space, ideal for live/work setup.
Property size:
2,282 SFPrice / SF:
$174/SF- Added:
- May 1, 2025
- Days on Market:
- 398
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 2901 SE 122ND
General Information
- Standard status
- Active
- Size
- 2,282 SF
Building Details
- Year Built
- 1951
Listing agent JASMINE PHAM
Listing office HOMETRUST REAL ESTATE
Listing date May 1, 2025
Source Corcoran
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 HOMETRUST REAL ESTATE
HighLights
- Detached 665 sqft garage with bathroom, suitable for home office or business.
- Basement with interior/exterior entrances, full bathroom, family room, and ample storage.
- High‑exposure corner lot with excellent visibility and street parking.
- Main level features 2 bedrooms and a roll‑in shower for accessibility.
- Versatile property suitable for live/work, investment, or customization.
- Proximity to local amenities and major routes.
Overview
This versatile property features a main level and a basement with both interior and exterior entrances, offering abundant space, flexibility, and functionality. The main level includes 2 bedrooms and a roll-in shower. The basement adds even more value with a full bathroom, family room, and ample storage space. A standout feature is the detached garage space, approximately 665 sqft, with a bathroom. Located on a high-exposure corner lot, this property benefits from excellent visibility, street parking, and proximity to local amenities and major routes. This property is zoned CM2 and is suitable for a live/work setup, an investment opportunity, or a space to customize and grow. The property size is 2282 sqft.
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 | $54.8k | $24.00 |
| − Vacancy | −$5.5k | −$2.40 |
| EGI | $49.3k | $21.60 |
| − OpEx | −$18.5k | −$8.10 |
| NOI | $30.8k | $13.50 |
2,282 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$440.1K
$385.1K – $513.5K
NOI $30,807 @ 7.0% cap · market cap 7.72%
Second Best
Office B
$422.0K
$369.3K – $492.3K
NOI $29,540 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$640.8K
$560.7K – $747.7K
NOI $44,859 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
National Multiple Sclerosis
Social Service Agency
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.538
- Latitude
- 45.5011
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Charming property with flexible space, ideal for live/work setup.
Where is this mixed-use property located?
The property is located at 2901 SE 122ND Portland, OR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Detached 665 sqft garage with bathroom, suitable for home office or business.; Basement with interior/exterior entrances, full bathroom, family room, and ample storage.; High‑exposure corner lot with excellent visibility and street parking.
