3039 N Williams Ave, Portland, OR
Mixed-use property with commercial and residential units in Portland, OR.
- Added:
- Mar 28, 2025
- Days on Market:
- 447
- Last Refresh:
- May 19 at 9:00 pm
Property Features for 3039 N Williams Ave
General Information
- Standard status
- Active
- Size
- 13,362 SF
- Lot size
- 0.11 Acres
- Property subtype
- OFFICE
Listing agent Marissa Lee
Listing office Commercial Real Estate NW (503) 309-5106
Listing date Mar 28, 2025
Source Moodyscre
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 Commercial Real Estate NW
HighLights
- Seven residential units (six 1bd/1ba + one 2bd/1.5ba w/rooftop terrace) and two commercial units.
- Enjoy a High Walk Score of 92 and a Bike Score of 100.
- Below average market apartment rents offer upside.
- Potential billboard income on northbound traffic facing wall.
- Ample street parking and easy transportation access.
- Secure/gated access to trash/recycling/bike storage.
Overview
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 | $320.7k | $24.00 |
| − Vacancy | −$32.1k | −$2.40 |
| EGI | $288.6k | $21.60 |
| − OpEx | −$108.2k | −$8.10 |
| NOI | $180.4k | $13.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.667
- Latitude
- 45.5452